Nintendo financial results – May 2024 – Switch at 141.32 million units
Nintendo’s financial results report for May 2024 is now available. This is a big one as it covers the company’s full fiscal year. As usual we’re able to see the latest update on Switch hardware sales and software sales plus more.
Below are the full highlights:
– Net sales this period – 1,671.8 billion yen
– Operating profit this period – 528.9 billion yen
– Ordinary profit this period: 680.4 billion yen
– Switch hardware total: 141.32 million
– Switch software total – 1,235.82 million
– Overall Switch sales this period – 15.70 million
– Standard Switch sales this period – 3.86 million
– Switch OLED sales this period – 9.32 million
– Switch Lite sales this period – 2.52 million
– Mobile, IP related income, etc. this period – 92.7 billion yen
Looking at the Nintendo Switch business for the full fiscal year (April 2023 through March 2024), good sales were posted for The Legend of Zelda: Tears of the Kingdom, which sold 20.61 million units, for Super Mario Bros. Wonder, which sold 13.44 million units and for Pikmin 4, which sold 3.48 million units. In addition, the April 2023 release of The Super Mario Bros. Movie positively impacted sales of Mario related titles, such as Mario Kart 8 Deluxe which recorded sales of 8.18 million units (for cumulative sales of 61.97 million units). As a result of these factors, the total number of million-seller titles during the period was 31, including titles from other software publishers.
Hardware sales for this period totaled 15.70 million units (a decrease of 12.6% year-on-year), and software sales totaled 199.67 million units (a decrease of 6.7% year-on-year). While this represents a decrease from the previous fiscal year, sales are steady for a platform in its eighth year after launch.
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 revenue related to Nintendo Switch Online also increased. Digital sales reached 443.3 billion yen (an increase of 9.4% year-on-year), helped also by the depreciation of the yen.
In the mobile and IP related business, sales totaled 92.7 billion yen (an increase of 81.6% 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 1,671.8 billion yen, with sales outside Japan of 1,309.2 billion yen accounting for 78.3% of that total, and operating profit was 528.9 billion yen. Ordinary profit came to 680.4 billion yen, mainly due to a substantial increase in foreign exchange gains and interest income, and net profit attributable to owners of parent totaled 490.6 billion yen.
