Market (PC & Console)·Updated Mar 21, 2026 by Nintendo
Nintendo reported a significant downturn for the first half of the fiscal year ending September 30, 2024, with net sales falling 34.3% to 523.2 billion yen and operating profit dropping 56.6% to 121.5 billion yen.
Management has revised its full-year outlook downward, now projecting annual net sales of 1.28 trillion yen and an operating profit of 360 billion yen, representing year-on-year declines of 23.4% and 31.9% respectively.
The Nintendo Switch hardware sales declined 31% to 4.72 million units, while software sales fell 27.6% to 70.28 million units as the platform enters its eighth year.
The sharp financial contraction is largely attributed to a difficult year-on-year comparison against the prior period, which was bolstered by the release of 'The Legend of Zelda: Tears of the Kingdom' and revenue from 'The Super Mario Bros. Movie'.
Mobile and IP-related revenue experienced a 43.3% decrease due to the absence of the movie-related income that significantly contributed to the previous year's performance.
Despite the overall decline, the company maintained platform engagement with nine million-seller titles, including 'The Legend of Zelda: Echoes of Wisdom' and 'Paper Mario: The Thousand-Year Door'.
The company remains financially stable with a capital adequacy ratio of 82.6%, while international markets continue to drive the business, accounting for 74.7% of total revenue.
Nintendo reported a significant downturn for the first half of the fiscal year ending September 30, 2024, with net sales falling 34.3% to 523.2 billion yen and operating profit dropping 56.6% to 121.5 billion yen.
Management has revised its full-year outlook downward, now projecting annual net sales of 1.28 trillion yen and an operating profit of 360 billion yen, representing year-on-year declines of 23.4% and 31.9% respectively.
The Nintendo Switch hardware sales declined 31% to 4.72 million units, while software sales fell 27.6% to 70.28 million units as the platform enters its eighth year.
The sharp financial contraction is largely attributed to a difficult year-on-year comparison against the prior period, which was bolstered by the release of 'The Legend of Zelda: Tears of the Kingdom' and revenue from 'The Super Mario Bros. Movie'.
Mobile and IP-related revenue experienced a 43.3% decrease due to the absence of the movie-related income that significantly contributed to the previous year's performance.
Despite the overall decline, the company maintained platform engagement with nine million-seller titles, including 'The Legend of Zelda: Echoes of Wisdom' and 'Paper Mario: The Thousand-Year Door'.
The company remains financially stable with a capital adequacy ratio of 82.6%, while international markets continue to drive the business, accounting for 74.7% of total revenue.