Consolidated Financial Highlights: Three Months Ended June 30, 2017

Nintendo Co., Ltd. reported a significant financial turnaround for the first quarter of the fiscal year ending March 31, 2018, compared to the same period in the previous year. Net sales reached 154.07 billion yen, representing a 148.6% increase year-on-year. The company shifted from an operating loss of 5.13 billion yen in the first quarter of 2017 to an operating profit of 16.21 billion yen. Profit attributable to owners of the parent reached 21.26 billion yen, a marked improvement over the 24.53 billion yen loss recorded in the prior year’s first quarter.

This growth was primarily driven by the strong performance of the Nintendo Switch platform, which generated 103.81 billion yen in sales during the quarter. Key software titles, including Mario Kart 8 Deluxe and ARMS, contributed to total hardware and software sales of 1.97 million and 8.14 million units, respectively. Additionally, the company saw substantial growth in its digital business and smart device segment, with the latter reporting a 450% year-on-year increase in income to 9.0 billion yen. Overseas markets remained critical to the company’s revenue, accounting for 73.9% of total net sales.

The scope of this report covers global operations for the three-month period ending June 30, 2017. Financial positions remained stable, with total assets of 1.48 trillion yen and a capital adequacy ratio of 83.5%. The company maintained its previously announced full-year financial forecast, which projects net sales of 750 billion yen and an operating profit of 65 billion yen. Future growth strategies include the global rollout of the New Nintendo 2DS XL and the Super NES Classic Edition, alongside continued support for existing smart device applications and upcoming Nintendo Switch software releases.