Nintendo released its financial results for the second quarter of fiscal year 2020, with overall year-on-year growth. For the first six months of this reporting period (1 April 2019 to 30 September 2019), Nintendo reported net sales of JPY 443,967 million, up 14% from JPY 388,905 million in the previous year. Gross profit increased by 23% from 172,018 million yen in the previous year to 213,103 million yen. However, exchange losses continue to affect the company’s profit, which amounted to JPY 62.005 million, a decrease of 3.5% compared with JPY 64.289 million the previous year. That’s an improvement over the first quarter of the year, so the exchange rate has been slightly more favourable for Nintendo over the last three months.
Nintendo sold 2.13 million switches in the first quarter and 4.8 million in the second quarter, for a total of 6.93 million in the first six months of the reporting period. Compared to last year, this is an increase of 36.7%. This brings the total lifespan of the switch to 41.67 million! These data also indicate that the Switch Lite, which was launched on the 20th. Released in September 2019, 1.95 million copies sold in just 11 days on the market. Nintendo expects that this will still be the case in the financial year ending 31 December. By March 2020, 18 million Switch systems will have been sold.
In the first six months of the current financial year, 58.49 million Switch software units were sold. This is an increase of 38.8% compared to the previous year. Nintendo expects to sell 125 million units of software this fiscal year. In the past six months Switch’s first eight games have sold more than a million units.
This semester Super Mario Maker 2 leads the way with a turnover of 3.93 million. The legend of Zelda: The contributions of Link’s Awakening amount to an impressive $3.13 million. Mario Kart 8 Deluxe racing at 2.32 million. The emblem of the fire: Three houses managed to transfer 2.29 million. Super Smash Bros. Ultimate continues to struggle to reach the top with 1.9 million copies sold. My favorite game of all time, Legend of Zelda: Breath of the Wild, continues to climb with 1.76 million copies sold. Both Mario games bring the new Super Mario Bros. U Deluxe with 1.28 million and Super Mario Party with 1.2 million controls.
Like most video game companies, Nintendo has experienced tremendous growth in its digital business. Packaged and downloadable versions of software, as well as Nintendo Switch Online rates, helped increase digital sales to 71.6 billion yen (an 83% increase over the previous year). The mobile phone sector yielded 19.9 billion yen (an increase of 6.4% over the previous year).
Some of the biggest games not yet released on Switch today (Luigi’s Mansion 3) are Pokémon Sword & Shield on the 15th. November 2019 and Animal Crossing on the 15th. November 2019: New Horizons arrives on 20 March 2020), and it seems that Nintendo is in a fantastic position. If it succeeds in maintaining a steady flow of successful publications, then Switch’s business must continue to flourish.
Nintendo Consolidated Financial Lantern 9-30-19
Craig has covered the video game industry since 1995. His work has been published in various media. He is currently editor and employee of Age of Games.
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