Consolidated Results for the Years Ended March 31, 2007 and 2008: Nintendo

Key insights

6 takeaways

01
Nintendo's net sales rose 73 percent to 1.67 trillion yen in the fiscal year ending March 31, 2008, while operating income surged 115.6 percent to 487.2 billion yen.See it on page 1
02
Growth was driven by global demand for the Nintendo DS and Wii hardware, supported by software such as Wii Fit and Pokémon Diamond and Pearl.See it on page 3
03
Overseas sales accounted for 80.6 percent of consolidated revenue, showing the company's heavy dependence on international markets.See it on page 15
04
Net income reached 193.6 billion yen despite foreign exchange losses of 92.3 billion yen and rising operating costs.See it on page 4
05
Nintendo ended the fiscal year with 1.1 trillion yen in cash and cash equivalents, reflecting exceptionally strong financial health.See it on page 1
06
For the fiscal year ending March 2009, Nintendo forecasts net sales of 1.8 trillion yen and net income of 325 billion yen.See it on page 4

Summary

Nintendo achieved record-breaking financial performance during the fiscal year ending March 31, 2008, characterized by a 73 percent surge in net sales to 1.67 trillion yen and a 115.6 percent increase in operating income to 487.2 billion yen. This period of rapid expansion was primarily fueled by the global market dominance of the Nintendo DS and Wii hardware platforms, supported by high-performing software titles such as Wii Fit and Pokémon Diamond and Pearl. The company’s financial health remained exceptionally strong, concluding the fiscal year with 1.1 trillion yen in cash and cash equivalents.

The company’s growth was heavily dependent on international demand, as evidenced by overseas sales accounting for 80.6 percent of total consolidated revenue. While the overall financial trajectory remained positive, the company navigated a complex economic environment marked by rising operating costs and significant foreign exchange losses totaling 92.3 billion yen. Despite these headwinds, net income reached 193.6 billion yen, reflecting the underlying strength of the core gaming business.

Looking toward the future, the company maintains an optimistic outlook for the fiscal year ending March 2009. Projections indicate continued upward momentum, with forecasted net sales of 1.8 trillion yen and an anticipated net income of 325 billion yen. By leveraging its established hardware ecosystem and a robust pipeline of software, the company aims to sustain its current market position and capitalize on the global appetite for its interactive entertainment products.