Consolidated Financial Highlights: Nintendo Co., Ltd.

Nintendo Co., Ltd. achieved a period of sustained financial growth during the fiscal year ending March 31, 2024, characterized by net sales of 1,671.8 billion yen and an operating profit of 528.9 billion yen. These figures represent year-over-year increases of 4.4% and 4.9%, respectively, bolstered by a profit attributable to owners of the parent reaching 490.6 billion yen. The company’s financial position remains robust, with total net assets expanding to 2.6 trillion yen, reflecting the enduring market presence of the Nintendo Switch platform despite a recorded decline in hardware sales to 15.7 million units for the period.

Looking ahead, the company anticipates a contraction in performance for the upcoming fiscal year. Projections indicate a decrease in net sales to 1,350 billion yen and an operating profit of 400 billion yen, signaling a strategic adjustment as the current hardware cycle matures. This outlook reflects the inherent volatility of the global gaming industry and the challenges of maintaining peak performance levels as platform lifecycles progress.

Corporate governance remains a priority as the organization prepares for its 84th Annual General Meeting of Shareholders, scheduled for June 27, 2024. During this assembly, formal approval will be sought for the appointment of two new individuals to key oversight roles. These candidates bring extensive professional backgrounds in tax accounting and corporate governance, underscoring a commitment to maintaining rigorous financial stewardship and administrative stability as the company navigates its next phase of operations.