Details from Nintendo’s latest financial results

Posted under 3DS, General Nintendo, News, Wii U
October 30, 2013 by (@NE_Brian)
wii_u

Nintendo’s latest financial results are in. The company did just about what most had expected – the Wii U struggled, but the 3DS continued to perform very well.

Here’s the full overview of Nintendo’s performance:

– 300,000 Wii U consoles sold in the three month period to September 30th
– That’s double the 160,000 sold in the prior three months
– Wii U has sold only 460,000 worldwide in the six month period to September 30th
– An average of 76,666 units a month worldwide
– Lifetime Wii U sales are 3.91 million
– Nintendo not likely to reach its nine million sales expectation by the end of its 2014 financial year
– Pikmin 3 and Zelda: Wind Waker HD did not significantly boost console sales during the six month period in which both games were released
– Nintendo’s net sales: 196.5 billion yet
– Loss of 23.2 million yen
– Nintendo statement: “The Wii U hardware still has a negative impact on Nintendo’s profits”
– Nintendo blamed the loss on a markdown in the US and Europe, plus advertising and research/development for Wii U
– Animal Crossing: New Leaf has sold 2.49 million units worldwide
– Luigi’s Mansion: Dark Moon, Mario & Luigi: Dream Team and Donkey Kong Country Returns 3D all showing “steady sales”
– Global 3DS sales: 3.89 million for the period
– 27.38 million games sold during the period
– 3DS has now sold 34.98 million units worldwide since launch to the end of September 2013
– Nintendo not revising its forecast for the 2014 financial year even with the loss and Wii U’s poor sales
– Pokemon X/Y “showed extremely strong initial sales, further propelling the popularity of the system”
– Wii U: “we attempt to concentrate on proactively releasing key first-party titles towards the coming year in order to regain momentum for the platform”
– Nintendo pointed to Wii Party U and Super Mario 3D World
– Wii U will be offered “at an affordable price by bundling software with the system”
– New promotional activities for Wii Fit U
– Nintendo also hopes to improve digital revenue and hardware profitability for both Wii U and 3DS by reducing their manufacturing cost

You can find Nintendo’s full financial results here.

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  • sonicfan1373

    I think that it is important to mention that they only made an operating income loss but they still managed to make a (slight) net profit this quarter; while not great it is better than the situation was 2nd quarter last year.

    I feel their statement and the overall investor release does leave certain questions unanswered:

    1. They mentioned that they will be cutting manufacturing costs but they did not mention how they are planning on doing that. I know this is internal stuff but Nintendo’s manufacturing process is already very efficient and inexpensive, so I am wondering how much more an improvement can really be made here (of course selling more units will bring down the price of most components, but I feel they are referring to doing something else)

    2. Nintendo has upped its ad budget in Japan as well as in Europe and North America, yet the quality and quantity of the ads and marketing has not really increased. Where is this increased budget being allocated and what is their specific ad strategy.

    3. Mr. Yamauchi owned the largest portion of Nintendo; now that he has unfortunately passed away, where has his stock gone to. Has it been sold back to the company, is it still owned by the family, is it being put on sale, is it being distributed amongst Nintendo’s managers/exployees? . With Mr. Yamauchi gone (who was the largest share holder of the company and one voices that protected the current management), I feel that the current board of directors and Iwata are vulnerable to being replaced (unless the stock was given to them; or the stock was given to people with non-elective powers in the company or who are actually happy with how the company is being managed) and this can be very bad for the company if the shareholders elect the wrong type of people (the cost cutting at any rate kind of people, the lets put our games on iOS and Android and forget staying in the hardware business type of people, or worst of all the lets sell the company at the lowest possible value people).

    4. Why has Iwata not done his quarterly Q&A and presentation. It is not a big deal but it is a worrying break in pattern.

    I am really hoping that sales of the Wii U drastically improve during the Holiday and that the 3DS continues to sell like hotcakes, because I really do not want Nintendo’s management to change under the current circumstances.

  • Adrian Brown

    Nintendo needs to expand their advertisement for Wii U outside the US. I live in Costa Rica, I have cable service and I’ve not seen any ad for the Wii U in one full year, but there are PS4 ads already on TV, since Sony sees the potential of the Latin-American market

  • SecretX

    wii u could sell people are just trolling the console because the other two are coming out.