Nintendo financial results – February 2024 – Switch at 139.36 million units
Nintendo published its latest financial report today, which covers the nine month period ending December 31, 2023. The company provides an update on Switch hardware and software sales, general data, and more.
Here are the full highlights:
– Net sales this period – 1,394.7 billion yen
– Operating profit this period – 464.4 billion yen
– Ordinary profit this period: 567.3 billion yen
– Switch hardware total: 139.36 million
– Switch software total – 1,200.10 million
– Overall Switch sales this period – 13.74 million
– Standard Switch sales this period – 3.40 million
– Switch OLED sales this period – 8.17 million
– Switch Lite sales this period – 2.18 million
– Mobile, IP related income, etc. this period – 75.2 billion yen
Regarding the Nintendo Switch business during the nine months ended December 31, 2023, Super Mario Bros. Wonder, the first entirely new installment in the side-scrolling Super Mario Bros. series in almost 11 years, saw a solid start with sales of 11.96 million units. Sales also grew for other new titles released this fiscal year, with The Legend of Zelda: Tears of the Kingdom selling 20.28 million units and Pikmin 4 selling 3.33 million units. In addition, the April release of The Super Mario Bros. Movie positively impacted sales of Mario related titles, such as Mario Kart 8 Deluxe which recorded sales of 6.79 million units (for cumulative sales of 60.58 million units). As a result of these factors, the total number of million-seller titles during this period was 24, including titles from other software publishers. Sales of Nintendo Switch continued to be steady in the seventh year since its launch, with hardware sales totaling 13.74 million units (a decrease of 7.8% year-on-year) and software sales totaling 163.95 million units (a decrease of 4.7% year-on-year) for the period.
Turning to the digital business for our dedicated video game platform, downloadable versions of packaged software and add-on content for Nintendo Switch sold well, and sales related to Nintendo Switch Online also increased. Digital sales reached 346.4 billion yen, up 11.7% year-on-year, helped also by the depreciation of the yen.
In the mobile and IP related business, sales totaled 75.2 billion yen (an increase of 93.4% year-on-year), bolstered mainly by the generation of revenue related to The Super Mario Bros. Movie during this term.
The end result is that overall sales reached 1,394.7 billion yen, with sales outside Japan of 1,097.5 billion yen accounting for 78.7% of the total. Operating profit came to 464.4 billion yen, ordinary profit was 567.3 billion yen, and profit attributable to owners of parent totaled 408.0 billion yen.
For hardware, by continuing to convey the appeal of Nintendo Switch, we try not only to put one system in every home, but several in every home, or even one for every person. Another objective is to continually release new offerings so more consumers keep playing Nintendo Switch even longer and we can maximize hardware sales. Looking at software, we released Another Code: Recollection in January and plan to follow up with the release of Mario vs. Donkey Kong in February and Princess Peach: Showtime! in March. In addition, Splatoon 3: Expansion Pass – Side Order, the second wave of paid add-on content for Splatoon 3, is scheduled to arrive in February. Other software publishers also plan to release a wide variety of titles, and we will work to invigorate the platform by supplementing existing titles with a continuous stream of new titles and add-on content.
