Consolidated Financial Highlights: Three Months Ended June 30, 2020

Nintendo Co., Ltd. reported significant financial growth for the first quarter of the fiscal year ending March 31, 2021, covering the period from April 1, 2020, to June 30, 2020. The company experienced a substantial surge in performance, with net sales reaching 358.1 billion yen, a 108.1% increase compared to the same period in the previous year. Operating profit rose by 427.7% to 144.7 billion yen, while profit attributable to owners of the parent increased by 541.3% to 106.4 billion yen.

This performance was driven primarily by the Nintendo Switch platform, which saw hardware sales reach 5.68 million units and software sales hit 50.43 million units, representing year-on-year increases of 166.6% and 123.0%, respectively. Key software contributors included the continued strong performance of Animal Crossing: New Horizons, alongside new releases such as Xenoblade Chronicles Definitive Edition and Clubhouse Games: 51 Worldwide Classics. Digital sales also saw a dramatic rise, growing 229.9% to 101.0 billion yen, bolstered by downloadable software and the release of expansion content for the Pokémon series.

Geographically, the company maintained a strong international presence, with overseas sales accounting for 76.3% of total revenue. Despite initial supply chain challenges related to the COVID-19 pandemic, production levels for hardware largely recovered during the quarter. The company maintained its existing full-year financial forecast, projecting net sales of 1.2 trillion yen and an operating profit of 300 billion yen. The financial position remains robust, with total assets of 1.97 trillion yen and a capital adequacy ratio of 78.7% as of June 30, 2020.