Nintendo Posts a $230 Million Loss for the Year

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  • Nintendo Posts a $230 Million Loss for the Year

    With declining sales of the 3DS and Wii U plus a few large, single investments into things like R&D, Nintendo is looking at a $230 million loss for their fiscal year.
    For the full year, Nintendo reported net sales of ¥571 billion ($5.62 billion), down 10 percent year-over-year and well shy of the ¥590 billion ($5.81 billion) it forecast in January. The company also reported a net loss of ¥23.22 billion ($230 million), better than the ¥25 billion ($250 million) loss forecast, but a turnaround from the previous year's ¥7.10 billion ($70 million) net income.

    In the first full year that the Wii U has been on sale, Nintendo has sold 2.72 million units. This is actually down when compared to what the system sold in its first four months it was on sale, which was 3.45 million units. Despite this, Nintendo anticipates strong sales of the Wii U thanks to Mario Kart 8 and Super Smash Bros. and expects to sell 3.6 million units in the upcoming fiscal year.

    The Nintendo 3DS sold 12.24 million units, which is another decline from the 13.95 million units from the previous year. Despite this decline, they still expect to sell 12 million more units in the coming year.

    Despite all of this, there were strong software sales for Pokemon X and Y, which saw sales of 12.26 million units. Animal Crossing New Leaf sold 3.8 million copies in the last fiscal year.

    Nintendo is anticipating sales increase 3.2% and a net income of $200 million for the current year. Again, a lot of that $230 million loss from the previous year is actually from one time investments in both R&D and Marketing.

    (via GI.biz)

    • CptainCrunch
      #1
      CptainCrunch commented
      Editing a comment
      Whhaaaattttt?????

      This is very shocking news. I am truly shocked.

    • Shawn Zipay
      #2
      Shawn Zipay commented
      Editing a comment
      Originally posted by CptainCrunch
      Whhaaaattttt?????

      This is very shocking news. I am truly shocked.
      If it wasn't for those investments in Q4, they'd have been fine. Fairly certain Q1-Q3 for them were better for them year-over-year compared to the previous FY.
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