Home » Business » Nintendo Financial Results and Management Policy Briefing for the Second Quarter of Fiscal Year Ending March 2024

Nintendo Financial Results and Management Policy Briefing for the Second Quarter of Fiscal Year Ending March 2024

On November 8, 2023, Nintendo released materials for its financial results briefing and management policy briefing for the second quarter of the fiscal year ending March 2024.

In terms of consolidated results, sales increased by 21.2% from the same period last year to 796.2 billion yen, operating income increased by 27.0% to 279.9 billion yen, and ordinary income increased by 17.8% to 380 billion yen, significantly compared to the previous year. The result was positive.

[Nintendo Financial Results]“Zelda Tearkin” sold 19.5 million units and “Pikmin 4” sold 2.61 million units.“Mario” related titles are also doing well due to movie effects

Nintendo released the “Financial Results Explanation Materials for the Second Quarter of the Fiscal Year Ending March 2024” on November 7, 2023. Revealing the software’s sales, business results, future outlook, etc.

Click here to purchase Nintendo Switch (organic EL model) (Amazon.co.jp)

In the section on Nintendo’s basic strategy, we introduce the universal NDA as “continuing to provide Nintendo’s unique games that everyone can intuitively enjoy.” The core of the company’s management is the “dedicated game machine business that combines hardware and software,” and the company is currently proposing products and services such as the Nintendo Switch.

In the section on increasing the number of people exposed to Nintendo IP, the movie “The Super Mario Bros. MovieIntroducing our efforts outside of games, including ”. 『Super marioIt has become clear that the sell-through of related titles has improved.

We will also introduce other achievements revealed in the documents. Mobile apps utilizing Nintendo IP have been deployed in 164 countries and regions, and the cumulative number of downloads has exceeded 860 million as of the end of September 2023.

As of the end of September, the number of Nintendo accounts exceeded 330 million. Additionally, the number of paid members of Nintendo Switch Online is over 38 million accounts as of the end of September 2023.

Cumulative sales of the Nintendo Switch series have exceeded 130 million units, and cumulative sales of software have reached 1.13 billion units. By the way, the number one selling hardware of all time is the Nintendo DS series with 154.02 million units sold.

The company’s software sell-through from April to September was the second highest since the release of Nintendo Switch during the same period. Due to the increasing popularity of hardware, sales of software remained at a high level even in the seventh year of this fiscal year.

The Nintendo Switch will enter its eighth year in March 2024, and the statement states, “We will continue to develop new titles without being bound by the life cycle of the previous platform.”

Click here to purchase Nintendo Switch (organic EL model) (Amazon.co.jp)

2023-11-08 03:30:00
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