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Nintendo has announced a net profit of 7.1 billion yen, an improvement over last year, but a long way off what it predicted for the year.

Last year the company recorded a net loss of 43.2 billion yen ($430 million), so even a small net profit is a massive improvement. Net sales fell 1.9 percent year-on-year to 635.4 billion yen ($6.4 billion).

Lifetime Wii U sales stand at 3.45 million units which is short of the predicted 4 million and software sales stood at 13.42 million, again short of the 16 million predicted. The 3DS also failed to meet targets with 13.95 million units sold instead of the 15 million forecast for the year.

For the upcoming financial year ending March 31, 2014 Nintendo predicts a net profit of 55 billion yen ($550 million).

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About Matthew Bennett

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Matt is one of the longest-serving members of the EGMNOW team. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Find him on Twitter @mattyjb89

Nintendo Records Annual Profit As Hardware Underperforms

By Matthew Bennett | 04/24/2013 07:12 AM PT

News

Nintendo has announced a net profit of 7.1 billion yen, an improvement over last year, but a long way off what it predicted for the year.

Last year the company recorded a net loss of 43.2 billion yen ($430 million), so even a small net profit is a massive improvement. Net sales fell 1.9 percent year-on-year to 635.4 billion yen ($6.4 billion).

Lifetime Wii U sales stand at 3.45 million units which is short of the predicted 4 million and software sales stood at 13.42 million, again short of the 16 million predicted. The 3DS also failed to meet targets with 13.95 million units sold instead of the 15 million forecast for the year.

For the upcoming financial year ending March 31, 2014 Nintendo predicts a net profit of 55 billion yen ($550 million).

0   POINTS
0   POINTS



About Matthew Bennett

view all posts

Matt is one of the longest-serving members of the EGMNOW team. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Find him on Twitter @mattyjb89