Nintendo Reports Record Sales, Increases Shipment Forecasts

Nintendo Co., Ltd., today announced in Japan consolidated first-half financial results for the six-month period between April and September 2008, highlighted by record high sales and profits, and increased shipments for the company’s popular Wii™ and Nintendo DS™ video game systems.

Because of the strength of the yen against the dollar and the euro, Nintendo revised its annual forecast for operational, recurring and net profits downward. However, the annual sales forecast of two trillion yen was left intact mainly because the company increased its shipment forecasts for Nintendo DS software (to 207 million from 197 million), Wii hardware (to 27.5 million from 26.5 million) and Wii software (to 200 million from 186 million).

Other highlights announced by Nintendo today include the following cumulative shipment figures from launch through the end of September 2008:

With shipments of 84.33 million hardware units worldwide, the portable Nintendo DS has surpassed cumulative shipments for Nintendo’s iconic Game Boy™ Advance (81.36 million).
Nintendo DS has shipped 454.63 million software units worldwide.
Shipments of Nintendogs™, the puppy-interaction game for Nintendo DS, have topped 20 million worldwide.
Shipments of the Wii console are at 34.55 million hardware units and 229.85 million software units worldwide.
Shipments of Wii Fit™ have topped 8.7 million worldwide.
Consolidated financial results for April-September 2008 in millions of yen:

April-Sept 2008
April-Sept 2007
% change

Net Sales 836,879 694,803 +10.4
Operational Profit 252,183 188,784 +33.6
Recurring Profit 237,306 215,376 +10.2
Net Profit 144,828 132,421 +9.4

Revised consolidated annual financial forecasts in millions of yen:

Full-Year Forecast
As of Aug. 29, 2008
Modified
% Change

Net Sales 2,000,000 2,000,000 N/A
Operating Profit 650,000 630,000 -3.1
Recurring Profit 700,000 580,000 -17.1
Net Profit 410,000 345,000 -15.9