Nintendo Posts a $230 Million Loss for the Year

Collapse
X
Collapse
  •  

  • 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.
    Posting comments is disabled for guests. Login or sign up to leave a comment.

Related Topics

Collapse

  • Shawn Zipay
    Nintendo Switch 2 Technical Specs - 4K Support, Up to 120fps, HDR, VRR, and More
    by Shawn Zipay
    Nintendo shared details on the many upgrades coming with the Switch 2.

    During and after their big Switch 2 Direct earlier today, Nintendo offered fans some of the first Switch 2 technical details on the upcoming portable console. Given the age of the original Switch hardware, some of these Switch 2 specs are quite substantial when compared to its predecessor.

    The Switch 2 will sport a 7.9-inch, 1080p capable, LCD screen. To compare, the Switch 1 has a 6.2-inch screen,...
    04-02-2025, 05:46 PM
  • Shawn Zipay
    Nintendo Reveals Upcoming Switch and DS Releases at Latest Nintendo Direct
    by Shawn Zipay
    Today, Nintendo's latest Direct showcased a number of new and upcoming Switch, 3DS, and 2DS titles coming in the following weeks and months. The...
    09-13-2017, 06:18 PM
  • Shawn Zipay
    Nintendo Reveals Upcoming Switch and DS Releases at Latest Nintendo Direct
    by Shawn Zipay
    Today, Nintendo's latest Direct showcased a number of new and upcoming Switch, 3DS, and 2DS titles coming in the following weeks and months. The event, which just finished airing a short time ago, showed off games like Super Mario Odyssey, Xenoblade Chronicles 2, Doom and Wolfenstein 2 for the Switch, and much more.

    Let's see what you missed if you didn't watch the Nintendo Direct yourself, including Mario without a shirt. Something you never knew you probably didn't want...
    09-13-2017, 06:18 PM
  • Shawn Zipay
    The Nintendo Direct Highlights for November 2015
    by Shawn Zipay
    Missed tonight's Nintendo Direct event? Fret not because below you will not only find the highlights of tonight's announcements, but also an archive of the event itself. Everybody wins! Tomorrow, we'll hopefully have some direct feed videos and images from Nintendo to share with you for some of the bigger highlights. They haven't put them up just yet, so we may as well wait until they do to put up individual news posts about them. Obviously, the biggest surprises tonight were the reveals ...
    11-12-2015, 11:10 PM
  • Loading...
  • No more items.
TGN on Threads TGN on BlueSky TGN on Facebook
Working...