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Nintendo Releases Financial Results, Is Rich

sjohnson
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Posted May 7, 2009 - By Stephen Johnson

Nintendo

If you've been worrying about Nintendo's financial health lately, fret no longer: The company released its financial report for the fiscal year ending March 31, 2009, and touts "record highs for both sales and operating profit." From the report:

 Net sales were 1,838.6 billion yen, including overseas sales of 1,609.6 billion yen, which accounted for 87.5% of total sales. Operating income was 555.2 billion yen, income before income taxes and extraordinary items was 448.6 billion yen, though foreign-exchange loss was 133.9 billion yen caused by appreciation of the yen, and net income was 279 billion yen.

According to Nintendo's report, the DS sold 31.18 million units during this fiscal year, for a total of 101.78 million units life-to-date. The Wii sold 25.95 million units this year and has reached 50.39 million units life-to-date.According to Nintendo's numbers, the Wii is the fastest home video game hardware in history to reach 50 million unit sales in history. (Insert slow, dramatic clap here.)

As for the future, Nintendo sees good things ahead, but guardedly. Nintendo predicts net sales will reach 1,800 billion yen, with operating income 490 billion yen. Nintendo is estimating that  that operating profit will fall by 12 percent in the new financial year, with sales of the Wii home console flat at 26m units, and sales of its DS falling by 4 per cent to 30m units.

The company's specific strategy for the next fiscal year in regards to the DS is to grown current sales momentum by changing consumers' attitudes from "'must-have for every family' to 'must-have for everyone.'" Nintendo also promised to "enrich the owners' daily lives by providing information service at cultural facilities, commercial establishments and so on."

That last sentence is intriguing, no? I'm not sure about the financial viability of providing information service at cultural facilities, and commercial establishments, but I'm obviously not as good at making money as Nintendo is. I hope this means they add all kinds of DS hot-spots at various interesting public places gamers congregate.

Nintendo's strategy for the Wii is, basically, to launch Wii Sports Resort and to expand the Wii Channel and the "Wii-no-Ma" content download Channel. Nintendo's stated goals is to "be useful in people's daily lives as Nintendo attempts to put smiles on more faces."

Nintendo Releases Financial Results, Is Rich
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