Animal Crossing

Consolidated Financial Results for the Nine Months Ended December 31, 2021: Nintendo

Nintendo’s consolidated financial results for the nine months ending December 31, 2021, reflect a period of transition characterized by a year-over-year decline in hardware sales following the exceptional performance of the previous fiscal year.

• Nintendo reported a year-over-year decline for the nine months ending December 31, 2021, with net sales falling 6.0% to 1,320.2 billion yen and operating profit dropping 9.3% to 472.5 billion yen.
• Hardware unit sales decreased 21.4% to 18.95 million units, though the launch of the Nintendo Switch – OLED Model helped the total install base surpass 100 million units.
• Software sales remained resilient despite hardware declines, increasing 1.8% to 179.29 million units driven by titles like Pokémon Brilliant Diamond and Pokémon Shining Pearl.

Nintendo Financial Results Explanatory Material: 3rd Quarter of Fiscal Year Ending March 2022

Nintendo experienced a period of transition during the first nine months of the fiscal year ending March 2022, characterized by a year-on-year decline in net sales and operating profit.

• The Nintendo Switch platform surpassed 100 million cumulative units sold during the first nine months of the fiscal year ending March 2022.
• Net sales and operating profit declined year-on-year due to the normalization of demand following the previous surge in Animal Crossing: New Horizons sales and ongoing semiconductor shortages.
• Digital revenue increased by 31.2% in the third quarter, driven by strong demand for downloadable content, add-on expansions, and the Nintendo Switch Online subscription service.

Consolidated Financial Highlights: Six Months Ended September 30, 2021

The consolidated financial results for Nintendo Co., Ltd. for the six-month period ending September 30, 2021, reflect a period of year-over-year contraction following the exceptional performance of the previous fiscal year.

• Nintendo experienced a year-over-year contraction for the six months ending September 30, 2021, with net sales falling 18.9% to 624.2 billion yen and operating profit dropping 24.5% to 219.9 billion yen.
• The financial downturn was primarily driven by a difficult comparison to the prior year's exceptional performance, which was heavily bolstered by the success of Animal Crossing: New Horizons.
• Hardware unit sales declined by 34.0% to 8.28 million units, while software sales saw a more moderate decrease of 6.3% to 93.89 million units.

Nintendo Financial Results: 2nd Quarter of Fiscal Year Ending March 2022

The financial results for the first half of the fiscal year ending March 2022 reflect a period of year-on-year decline for Nintendo, primarily driven by the absence of the exceptional sales momentum generated by Animal Crossing: New Horizons during the same period in the previous fiscal year.

• Nintendo experienced a year-on-year decline in the first half of fiscal year 2022, with net sales falling 18.9% to 624.2 billion yen and operating profit dropping 24.5% to 219.9 billion yen.
• The decline was primarily driven by a 34% drop in Nintendo Switch hardware sales to 8.28 million units, largely due to the high sales baseline set by Animal Crossing: New Horizons in the previous year.
• Despite the revenue downturn, Nintendo maintained a strong operating profit margin of 35.2% for the six-month period ending September 30, 2021.

Consolidated Results for the Three Months Ended June 30, 2021

Nintendo Co., Ltd. reported its consolidated financial results for the first quarter of the fiscal year ending March 31, 2022, covering the period from April 1, 2021, to June 30, 2021.

Nintendo Financial Results: 1st Quarter of Fiscal Year Ending March 2022

Nintendo’s financial results for the first quarter of the fiscal year ending March 2022 reflect a period of year-on-year decline following the exceptional performance of the previous year.

• Nintendo reported a year-on-year decline for Q1 of the fiscal year ending March 2022, with net sales falling 9.9% to 322.6 billion yen and operating profit dropping 17.3% to 119.7 billion yen.
• The financial downturn was primarily driven by the absence of a blockbuster release comparable to the previous year's 'Animal Crossing: New Horizons,' which had created an exceptionally high performance baseline.
• Digital sales contracted by 24.9% to 75.9 billion yen as consumer purchasing behavior normalized following the peak stay-at-home demand observed during the early stages of the COVID-19 pandemic.

Consolidated Results for the Nine Months Ended December 31, 2020: Nintendo

Nintendo reported significant financial growth for the nine-month period ending December 31, 2020, driven primarily by the continued success of the Nintendo Switch platform.

Consolidated Financial Highlights: Six Months Ended September 30, 2020

Nintendo Co., Ltd. experienced significant financial growth during the six months ended September 30, 2020, driven primarily by the strong performance of the Nintendo Switch platform.

• Nintendo achieved significant growth for the six months ending September 30, 2020, with net sales rising 73.3% to 769.5 billion yen and operating profit surging 209.3% to 291.4 billion yen.
• Hardware and software sales for the Nintendo Switch platform saw substantial year-on-year increases of 80.9% and 71.4%, reaching 12.53 million and 100.25 million units respectively.
• Digital sales, including downloadable software, add-on content, and Nintendo Switch Online subscriptions, grew 139.4% to 171.5 billion yen.

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.

• Nintendo experienced massive growth in Q1 FY2021, with net sales rising 108.1% to 358.1 billion yen and operating profit surging 427.7% to 144.7 billion yen.
• Nintendo Switch hardware sales reached 5.68 million units (up 166.6%) and software sales hit 50.43 million units (up 123.0%) during the quarter.
• Digital sales grew by 229.9% year-on-year to 101.0 billion yen, driven by downloadable software and Pokémon expansion content.

Nintendo 1st Quarter Results: Fiscal Year Ending March 2021

Nintendo’s financial results for the first quarter of the fiscal year ending March 2021, covering the period from April 1, 2020, to June 30, 2020, demonstrate significant year-on-year growth across all primary financial metrics.

Nintendo Annual Report 2020

Nintendo achieved significant financial growth during the fiscal year ending March 31, 2020, driven primarily by the sustained success of the Nintendo Switch hardware and a robust software portfolio.

• Nintendo achieved net sales of ¥1,308,519 million, a 9.0% increase, and an operating profit of ¥352,370 million, representing a 41.1% surge for the fiscal year ending March 31, 2020.
• Financial growth was primarily driven by the integrated hardware-software model, specifically the success of the Nintendo Switch and major software titles including Pokémon Sword/Shield and Animal Crossing: New Horizons.
• The company allocated ¥84.1 billion to research and development, focusing on hardware innovation like the Nintendo Switch Lite and the expansion of digital infrastructure.

Kadokawa Financial Results: Fiscal Year Ended March 31, 2020

Kadokawa achieved a return to profitability for the fiscal year ending March 31, 2020, recording 8.087 billion yen in operating income.

• Kadokawa returned to profitability for the fiscal year ending March 31, 2020, reporting 8.087 billion yen in operating income.
• Financial recovery was driven by growth in the e-book sector and structural reforms within the DWANGO division.
• FromSoftware’s gaming portfolio, specifically Sekiro: Shadows Die Twice and Dark Souls III, provided significant commercial support to the company's performance.