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Nintendo financial results: six months ended September 30, 2018 – Switch at 22.86 million shipped

Posted on October 30, 2018 by (@NE_Brian) in 3DS, News, Switch

Nintendo Switch

Nintendo has announced its financial results for the six month period ended September 30, 2018. We’ll be rounding up all of the important pieces of information from the report below.

Net Sales
Cumulative: ¥388,905 million (~$ billion),
%4.0 increase YoY

This quarter: ¥220,748 million

Operating Income
Cumulative: ¥61,405 million (~$ million),
%53.7 increase YoY

This quarter: ¥30,870 million

Net Profit
Cumulative: ¥64,576 million (~$ million),
%25.4 increase YoY

This quarter: ¥33,976 million

Capital Adequacy Ratio: 77.5%

Current Assets: ¥1,377,489 million

Current Liabilities: ¥357,835 million

Cash and deposits:
¥659,390 million

Shareholder’s equity:
¥1,344,265 million

Smart devices, IP related income, etc. (Includes income from smart-device content and royalty income.)
Cumulative: ¥18,766 million

This quarter: ¥9,669 million

Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2019:

Net sales:
¥1,200,000 million
13.7% increase YoY

Operating profit
¥225,000 million
26.7% increase YoY

Net Profit:
¥165,000 million
18.2% increase YoY

Nintendo Switch
Hardware: (units)
This quarter: 3.19 million
Cumulative: 5.07 million
LTD: 22.86 million
Forecast: 20.0 million

Software: (units)
This quarter: 24.17 million
Cumulative: 42.13 million
LTD: 111.10 million
Forecast: 100.0 million
(Only counts Digital software that has a retail version)

Nintendo 3DS
Hardware: (units)
This quarter: 0.64 million
Cumulative: 1.0 million
LTD: 73.53 million
Forecast: 4.0 million

Software: (units)
This quarter: 3.32 million
Cumulative: 6.27 million
LTD: 371.16 million
Forecast: 16.0 million

For the six months ended September 30, 2018, Nintendo Switch hardware continued to be quite popular, reaching 5.07 million units sold (3.7% increase on a year-on-year basis). 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 millionseller 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. Turning to our digital business for dedicated video game platforms, 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-onyear basis).

For smart devices, we have gotten off to a good start for Dragalia Lost, which we released to the delight of consumers all over 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 our smart devices, IP related income to 18.7 billion yen (4.7% increase on a year-on-year basis).

In total, net sales reached 388.9 billion yen (of which overseas sales were 302.4 billion yen or 77.8% of the total sales). Operating profit came to 61.4 billion yen. We recorded foreign exchange gains of 21.0 billion yen, which helped bring ordinary profit to 91.9 billion yen, and profit attributable to owners of parent totaled 64.5 billion yen.

There are no changes to the financial forecast for this fiscal year originally published on April 26, 2018.

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. We aim to further accelerate the momentum of Nintendo Switch by continuing to introduce compelling new software in addition to the popular titles that already have been released.

For Nintendo 3DS, we will continue to leverage the platform’s rich software library and its hardware install base to further expand sales of evergreen titles.

In our smart-device business during this fiscal year, we plan to release the Mario Kart application for smart devices, Mario Kart Tour, while also focusing on service operations for the applications we have already released so that consumers can enjoy playing them for a long time.

Source 1, Source 2

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