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Nintendo has strong showing in latest fiscal report

Nintendo’s latest three month report for fiscal year 2019 has painted a positive picture for the Japanese company, with figures generally up across the board.

In the three months ending June 30, Nintendo’s net sales stood at ¥168.2 billion (£1.15 billion), up by 9.1 per cent year on year with the same period in 2017 landing at ¥154 billion (£1.05 billion).

Operating profit rose a massive 90 per cent year on year, coming in at ¥30.5 billion (£208 million) compared to 2017’s ¥16.2 billion (£110 million). Total assets, meanwhile, were down slightly since Nintendo’s report ending March 2018, dropping from ¥1.633 trillion (£1.1 billion) to ¥1.612 trillion (£1.09 billion).

While no marquee titles launched in the past three months, sales have still been strong across Nintendo’s games portfolio. Donkey Kong Country: Tropical Freeze has sold 1.4 million units worldwide, while Mario Tennis Aces – released in June – is already up to 1.38 million units sold. Nintendo Labo is another member of the million-plus club, selling 1.39 million units since its launch.

The Switch hardware shifted another 1.88 million units in the quarter, bringing total sales for the console to 19.67 million. Software sales for the device were up a huge 120 per cent year on year, with 17.96 million units contributing to a total of 86.93 million games sold since launch.

Elsewhere in Nintendo’s hardware portfolio the re-launched NES Classic Edition sold 1.26 million, while the eight-year-old 3DS managed 360,000 sales – down 61.9 per cent year on year. On the mobile side, titles such as Super Mario Run and Animal Crossing: Pocket Camp saw income rise 0.4 per cent year on year to ¥9 billion (£61.4 million).

No revisions to the FY 2019 forecast were noted by Nintendo, with predictions staying the same as those noted in the April 2018 fiscal report. Releases such as Captian Toad: Treasure Tracker, Mario Kart Tour on mobile, Nintendo Labo Toy-Con 03: Vehicle Kit, and Super Mario Party will be arriving throughout the remainder of the financial year, and the launch of the Switch’s paid-for online service is sure to have an additional impact on the company’s fortunes.

The full report can be found here.

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