Splatoon

Nintendo Financial Results Explanatory Material: 2nd Quarter of Fiscal Year Ending March 2023

The financial results for the second quarter of the fiscal year ending March 2023 demonstrate a period of resilient growth for Nintendo, characterized by strong software performance and significant currency-driven gains, despite ongoing supply chain constraints.

• Nintendo reported a 34.1% increase in net profit to 230.4 billion yen and a 5.2% rise in net sales to 656.9 billion yen for the second quarter of the fiscal year ending March 2023.
• Profitability was significantly bolstered by 76.4 billion yen in foreign exchange gains resulting from the depreciation of the yen.
• Hardware unit sales declined by 19.2% to 6.68 million units due to semiconductor shortages, leading the company to lower its full-year Switch sales target by 2 million units to 19 million.

Consolidated Results for the Three Months Ended June 30, 2022

Nintendo’s consolidated financial results for the three months ended June 30, 2022, reflect a period of mixed performance characterized by hardware supply constraints offset by strong digital growth and favorable foreign exchange gains.

• Nintendo reported a 4.7% decrease in net sales to 307.4 billion yen and a 15.1% drop in operating profit to 101.6 billion yen for the quarter ending June 30, 2022.
• Ordinary profit increased by 29.6% to 166.7 billion yen, primarily due to 51.7 billion yen in foreign exchange gains from the depreciation of the yen.
• Nintendo Switch hardware sales fell 22.9% to 3.43 million units due to semiconductor and component shortages, while software sales contracted 8.6% to 41.41 million units.

Financial Results Explanatory Material: Fiscal Year Ended March 2022

Nintendo experienced a period of stabilization during the fiscal year ended March 2022, characterized by a slight contraction in financial performance despite robust engagement metrics.

• Nintendo experienced a fiscal year-over-year decline for the period ending March 2022, with net sales dropping 3.6% to 1,695.3 billion yen and operating profit falling 7.5% to 592.7 billion yen.
• Hardware distribution was primarily constrained by semiconductor shortages and supply chain volatility, despite the Nintendo Switch ecosystem reaching a milestone of over 100 million annual playing users.
• Digital software sales reached a record high of 359.6 billion yen, representing 42.6% of total software revenue and highlighting a strategic shift toward higher-margin digital distribution.

Consolidated Results for the Nine Months Ended December 31, 2017: Nintendo Co., Ltd.

Nintendo Co., Ltd. reported significant financial growth for the nine-month period ending December 31, 2017, driven primarily by the successful market adoption of the Nintendo Switch hardware and software.

• Nintendo achieved a 175.5% increase in net sales to 857.0 billion yen and a 494.6% surge in operating profit to 156.4 billion yen for the nine months ending December 31, 2017.
• The Nintendo Switch drove hardware sales of 12.13 million units and software sales of 47.10 million units, supported by major titles like Super Mario Odyssey, Mario Kart 8 Deluxe, and Splatoon 2.
• International markets accounted for 74.7% of total revenue, confirming the company's heavy reliance on global demand.

Nintendo Consolidated Results for the Six Months Ended September 30, 2017

Nintendo’s consolidated financial results for the six months ending September 30, 2017, demonstrate a significant recovery and growth trajectory driven primarily by the successful market adoption of the Nintendo Switch platform.

• Nintendo achieved a significant financial turnaround for the six months ending September 30, 2017, with net sales rising 173.4% to 374.0 billion yen and an operating profit of 39.9 billion yen, compared to a 5.9 billion yen loss in the prior year.
• The Nintendo Switch drove this performance with 4.89 million hardware units and 22.02 million software units sold, supported by key titles including Splatoon 2, Mario Kart 8 Deluxe, and ARMS.
• Nintendo revised its full-year forecast for the period ending March 31, 2018, to project 960 billion yen in net sales and 120 billion yen in operating profit.

Nintendo Earnings Release: Supplementary Information (September 2017)

This supplementary earnings information for the six-month period ending September 2017 details a significant financial turnaround for Nintendo, driven primarily by the successful market adoption of the Nintendo Switch hardware and software ecosystem.

• Nintendo achieved a significant financial turnaround for the six-month period ending September 2017, reporting net sales of 374,041 million yen compared to 136,812 million yen in the previous year.
• The company returned to profitability with an operating profit of 39,961 million yen, reversing the 5,947 million yen operating loss recorded during the same period in 2016.
• Profit attributable to owners of the parent reached 51,503 million yen, supported by an ordinary profit of 69,591 million yen.

Earnings Release for Fiscal Year Ended March 2016: Supplementary Information

The fiscal year ended March 2016 earnings release provides a comprehensive financial overview and operational update for Nintendo Co., Ltd.

Consolidated Results for the Nine Months Ended December 2014 and 2015

Nintendo Co., Ltd.’s consolidated financial results for the nine-month period ending December 31, 2015, reflect a period of strategic transition and platform stabilization.

Nintendo Earnings Release: Nine-Month Period Ended December 2015

The Nintendo earnings release for the nine-month period ending December 2015 details the company’s consolidated financial performance and software release pipeline.

Consolidated Results for the Six Months Ended September 2014 and 2015

Nintendo Co., Ltd. reported its consolidated financial results for the six-month period ending September 30, 2015, demonstrating a recovery in operating performance compared to the same period in 2014.

• Nintendo returned to profitability for the six months ending September 30, 2015, reporting an operating income of 8.98 billion yen compared to an operating loss of 215 million yen in the same period of 2014.
• Net sales grew by 19.1% year-over-year to 204.18 billion yen, though profit attributable to owners of the parent fell 19.8% to 11.47 billion yen due to lower non-operating income.
• Overseas markets remain the primary revenue driver, accounting for 70.9% of total net sales, with the Americas serving as the largest single market at 43.3%.

Nintendo Earnings Release: Supplementary Information (September 2015)

Nintendo’s financial results for the six-month period ending September 2015 demonstrate a return to profitability, marking a significant recovery compared to the same period in previous fiscal years.

• Nintendo returned to profitability for the six-month period ending September 2015, reporting an operating income of 8.98 billion yen compared to an operating loss of 215 million yen in the same period of 2014.
• The company achieved net sales of 204.18 billion yen and a profit attributable to owners of the parent of 11.47 billion yen.
• Gross profit reached 93.69 billion yen, maintaining a stable gross profit ratio of 45.9%.

Consolidated Results for the Three Months Ended June 2014 and 2015: Nintendo

Nintendo’s consolidated financial results for the three months ended June 30, 2015, reflect a return to profitability compared to the same period in the previous year.