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Nintendo Q2 Profit Rises 30 Percent

Nintendo Q2 Profit Rises 30 Percent

Gaming Oct 30,2018 0

Nintendo reported a 30 percent rise in second-quarter operating profit on Tuesday, as sales of Switch hardware and games drive its earnings recovery.

The company's July-September profit reached 30.9 billion yen ($274.11 million).

Nintendo sold 5.07 million of its Switch consoles over April-September (3.7% increase on a year-on-year basis). It maintained its sales forecast for the year ending March at 20 million consoles.

Software like Donkey Kong Country: Tropical Freeze sold 1.67 million units after its May release, and Mario Tennis Aces sold 2.16 million units after it was released in June. Sales of other popular titles that were released during previous fiscal years and titles released by other software publishers continued to grow, bringing the total number of million-seller titles during this period to 9, including the titles of other software publishers. The total software sales for Nintendo Switch reached 42.13 million units (91.3% increase on a year-on-year basis). Software for Nintendo 3DS, now in its 8th year since launch, included the July release of Captain Toad: Treasure Tracker, and the release of WarioWare Gold in August.

Hardware sales reached 1.00 million units (65.1% decrease on a year-on-year basis), while software sales reached 6.27 million units (54.6% decrease on a year-on-year basis).

Nintendo Entertainment System: NES Classic Edition and Super Nintendo Entertainment System: Super NES Classic Edition recorded total sales of 3.69 million units.

Sales of downloadable versions of packaged software and add-on content for Nintendo Switch showed especially good growth, bringing digital sales to 39.1 billion yen (71.7% increase on a year-on-year basis).

For smart devices, Nintendo has gotten off to a good start for Dragalia Lost, which was released in Japan, the United States, Taiwan, Hong Kong, and Macao. Meanwhile, titles released before the start of this fiscal year like Super Mario Run, Fire Emblem Heroes, and Animal Crossing: Pocket Camp are each maintaining steady popularity, bringing Nintendo's smart devices, IP related income to 18.7 billion yen (4.7% increase on a year-on-year basis).

On Nintendo Switch, Super Mario Party will be released in October, then Pokémon: Let’s Go! Pikachu/Let’s Go! Eevee will be released in November, simultaneously with the Poké Ball Plus accessory that expands the depth of play with this title. In December, Super Smash Bros. Ultimate will be released at the same time as amiibo for some characters who are appearing in the series as fighters for the first time.

Nintendo aims to release new games for Nintendo Switch and Nintendo 3DS. In its smart-device business during this fiscal year, the company plans to release the Mario Kart application for smart devices, Mario Kart Tour.

Tags: Nintendofinance
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