Nintendo Fiscal Year Earnings Release

Our summary of all the major news from Nintendo’s Fiscal Year Earnings Release for the year ending March 31, 2020 covering Nintendo Switch, Nintendo 3DS, digital business, mobile, playing cards, and more.

Consolidated results

Net sales were 1,308.5 billion yen (up 9.0%), with operating profit at 352.3 billion yen (up 41,1%), ordinary profit at 360.4 billion yen (up 30%), and net profit attributable to owners of parent at 258.6 billion yen (up 33.3%).

Nintendo Switch

Nintendo Switch hardware sold 21.03 million units (a 24.0% increase on a year-on-year basis) and 168.72 million software units (42.3% increase on a year-on-year basis), with 27 games being million sellers for the fiscal period.

Nintendo 3DS

Nintendo 3DS hardware sales were 0.69 million units (a 73.0% decrease on a year-on-year basis), while software sales were 4.99 million units (a 62.3% decrease on a year-on-year basis).

Digital business

Digital sales (downloadable versions of packaged software, download-only software, add-on content, and Nintendo Switch Online subscriptions) rose to 204.1 billion yen (a 71.8% increase on a year-on-year basis). This includes Nintendo Switch and Nintendo 3DS content.

Mobile, IP

MobileIP related income reached 51.2 billion yen (an 11.5% increase on a year-on-year basis). This includes Fire Emblem Heroes, Dragalia Lost, Animal Crossing: Pocket Camp, Super Mario Run, Dr. Mario World, and Mario Kart Tour, plus revenue from the Pokémon mobile titles.

Playing cards etc

Playing cards etc revenue for the fiscal year was 3.06 billion yen (up 51.10% on a year-on-year basis). Other revenue (including amiibo, Virtual Console, and platforms other than Nintendo 3DS or Nintendo Switch) dropped to 16.77 billion yen (down 72.77% on a year-on-year basis).

For the fiscal year ending March 31, 2021: Nintendo expect 1,200.0 billion yen in net sales, with 300.0 billion yen in operating profit, 290.0 billion yen in ordinary profit, and profit attributable to owners of parent of 200.0 billion yen. This outlook could change depending upon COVID-19.

In other related news: Asa Shinkawa is expected to become an Outside Director as of June 26, 2020, replacing Naoki Mizutani, who is retiring. Yoshiaki Koizumi is also expected to be promoted to Senior Executive Officer.

For reference: 1 USD = 108.83 yen and 1 Euro = 119.55 yen.