Feb 07, 2024 12:09:00

Nintendo announces financial results for the third quarter of 2024, sales are 598.6 billion yen, Nintendo Switch sales are 6.9 million units, organic EL model is strong

Nintendo has announced its consolidated financial results for the third quarter (October to December) of fiscal year 2024. Sales from the first quarter to the third quarter of fiscal year 2024 (April to December 2023) increased by 7.7% year on year to 1,394.7 billion yen, of which sales of dedicated game consoles were 1,310.9 billion yen. So, the number of Nintendo Switch units sold was 13.74 million units.

Financial results briefing material for the third quarter of the fiscal year ending March 31, 2024
(PDF file)

https://www.nintendo.co.jp/ir/pdf/2024/240206_3.pdf

Summary of financial results for the third quarter of the fiscal year ending March 31, 2024 [Japanese GAAP] (consolidated)
(PDF file) https://www.nintendo.co.jp/ir/pdf/2024/240206_3.pdf

Nintendo hikes sales forecast of Switch console to 15.5 million units
https://www.cnbc.com/2024/02/06/nintendo-hikes-sales-forecast-of-switch-console-to-15point5-million-units.html

Consolidated results from the first quarter (April to June) to the third quarter (October to December) of fiscal year 2024 show sales of 1,394.7 billion yen, an increase of 7.7% year on year, and operating income of 1,394.7 billion yen compared to the same period of the previous year. 464.4 billion yen, an increase of 13.1% (operating profit margin 33.3%), ordinary income increased 17.6% year on year to 567.3 billion yen, and net income increased 17.9% year on year to 408.0 billion yen (net profit margin 29.3%).

Furthermore, sales for the third quarter of fiscal year 2024 were 598.6 billion yen, down 6% year-on-year, and net income was 136.7 billion yen, up 18% year-on-year.

The breakdown of sales for April to December 2023 is that dedicated game consoles (including hardware, software, and accessories) increased by 4.7% year-on-year to 1,310.9 billion yen, mobile and IP-related revenues, etc. (video content revenues) , billing revenue for smart devices, royalty revenue, etc.) increased by 93.4% year on year to 75.2 billion yen, and other revenue increased by 108.8% year on year to 8.5 billion yen. The sales ratio by region is 21.3% in Japan, 43.9% in North America, 25% in Europe, and 9.8% in other regions, and the overseas sales ratio is 78.7%.

Hardware sales from April to December 2023 were 13.74 million units, a decrease of 7.8% compared to the same period last year, of which Nintendo Switch sales were 3.4 million units, a decrease of 34.9% compared to the same period last year, and organic EL models decreased by 3.4 million units compared to the same period last year. Sales increased by 6.2% to 8.17 million units, and Nintendo Switch Lite increased by 9.1% year on year to 2.18 million units. Software sales totaled 163.95 million units, down 4.7% from the same period last year. Looking at the third quarter alone, the number of Nintendo Switch units sold was 6.9 million units, which included 2.15 million units of Nintendo Switch, 3.48 million units of organic EL model, 1.27 million units of Nintendo Switch Lite, and 6,687 units of software sold. It was 10,000 bottles. During the same period, there were 24 million-selling titles (titles with cumulative sales of over 1 million units), of which 17 were Nintendo titles.

In addition, Nintendo has revised upward its forecast for Nintendo Switch sales for fiscal year 2024 (April 2023 to March 2024) from 15 million units to 15.5 million units.

Digital sales from April to December 2023 were 346.4 billion yen, an increase of 11.7% compared to the same period last year, and the digital sales ratio was 48.1%.

The best-selling title from April to December 2023 was 'The Legend of Zelda: Tears of the Kingdom,' with sales of 20.28 million units (3.64 million units in Japan and 16.64 million units overseas). Below, in descending order of sales volume, 'Super Mario Bros. Wonder' has 11.96 million copies (2.54 million copies in Japan, 9.43 million copies overseas), and 'Mario Kart 8 Deluxe' has 6.79 million copies (770,000 copies in Japan, 6.03 million copies overseas) , 'Pikmin 4' sold 3.33 million copies (1.82 million domestic, 1.51 million overseas), 'Super Mario RPG' sold 3.14 million (840,000 domestic, 2.3 million overseas), 'Nintendo Switch Sports' sold 2.88 million. books (280,000 domestic, 2.6 million overseas), 'Animal Crossing: New Horizons' 2.58 million (490,000 domestic, 2.09 million overseas), 'Super Smash Bros. Special' 2.57 million (520,000 domestic) This is followed by 'Pokémon Scarlet and Violet' with 2.26 million copies (690,000 domestic copies, 1.56 million overseas copies). In particular, Mario Kart 8 Deluxe is incredibly popular overseas, while Pikmin 4 is selling more copies in Japan than overseas.