Nintendo shares financial report on fiscal year ended March 2024

Thanks to the continued depreciation of the yen in foreign exchange markets, Nintendo’s profits rise despite the lower numbers.

Japanese giant Nintendo released its latest financial results and posted a record net profit for the year, which ended in March thanks to a weaker yen and the box office hit of The Super Mario Bros. Movie and hit games like Pokémon, Super Mario, and Zelda: Tears of the Kingdom.

Year-on-year, sales increased by 4.4% to 1,671.8 billion yen ($11 billion approximately). Despite the unit sales of Nintendo Switch hardware and software, both decreased year-on-year, the company recorded a net sales increase of 1.5% to 1,567.8 billion yen thanks to the continued depreciation of the yen in foreign exchange markets.

Sales in mobile and IP-related business increased by 81.6% year-on-year to 92.7 billion yen, bolstered by movie-related sales and an increase in royalty income. Changes in exchange rates over the last fiscal year resulted in a year-on-year increase in the overall sales amount of 94.4 billion yen.

Unit sales for the entire Nintendo Switch family of systems declined 12.6% year-on-year to 15.70 million units. This breaks down to 3.86 million units of Nintendo Switch, 9.32 million units of Nintendo Switch – OLED Model, and 2.52 million units of Nintendo Switch Lite. Although unit sales decreased year-on-year, sales were stable for a platform in its seventh year since launch.

Sales increased for new titles released this fiscal year, with The Legend of Zelda: Tears of the Kingdom, Super Mario Bros. Wonder, and Pikmin 4 each seeing growth. In addition, The Super Mario Bros. Movie, released in April 2023, had a positive impact on sales of Mario-related titles. As a result, there were 31 titles that sold over a million copies during the period, including titles from other software publishers.

The full financial report can be downloaded from Nintendo’s official website.

Leave a Reply

Your email address will not be published. Required fields are marked *