It reported a $2.7 billion net profit for the fiscal year that ended in March.
FILE – A Nintendo sign is seen outside Nintendo’s official store in the Shibuya district of Tokyo, Jan. 23, 2020. TOKYO — Nintendo’s annual profit surged 52% in the last fiscal year, lifted by solid sales of its Switch 2 machines and software, the company announced Friday.
The Japanese video-game company behind the Super Mario and Pokemon franchises also announced it was raising prices, citing challenging business conditions. It recorded a $2.7 billion net profit for the fiscal year that ended in March, up from nearly $1.8 billion the year before. Annual sales rose 99% to $15 billion from $7.6 billion a year earlier, as demand for Switch 2 held up, although sales for the first-generation Switch declined.
Nintendo said it was raising the Switch 2 price in Japan to $382, effective May 25, from $318, “in light of changes in market conditions, and after considering the global business outlook. ”Nintendo, which is based in the ancient Japanese capital of Kyoto, did not go into details. But all major Japanese exporters are having to cope with President Donald Trump’s tariff hikes and other higher costs that have been worsened by the war in Iran.
Nintendo Co., which did not break down quarterly results, expects an 11% decline in profit for the fiscal year through March 2027, to $13 billion. The projection takes into account the planned price hikes. On the plus side, Nintendo’s film “The Super Mario Galaxy Movie” has grossed more than $800 million since its release a month ago. Among its recent successful game software offerings were “Mario Kart World” and “Donkey Kong Bananza.
” The game “Tomodachi Life: Living the Dream” has sold more than 3.8 million units since going on sale two weeks ago. Oil tanker arrives in South Korea after passing through the Strait of Hormuz in mid-AprilUS employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in AprilNintendo expects to sell 16.5 million Switch 2 machines in the fiscal year through March 2027, down nearly 17% from 19.86 million in the last fiscal year.
It also forecast that Switch 2 software sales will continue to grow, at 60 million, up 23% from 48.7. It’s common for game machines to sell briskly right after they are launched and then see sales decline. Game software tends to continue growing. The Switch is a hybrid game machine, functioning both as a home console connected to a display, or as a portable handheld.
Nintendo promised more software titles for the Switch 2 this year, including from other creators, including the latest “Final Fantasy. ”OnlyFans creator pleads guilty to involuntary manslaughter in Escondido fetish deathDecember Nights would be gutted by mayor’s proposed budget cutsThe best things to do this weekend in San Diego: May 8-10Judge sides with San Diego on ticketing homeless people in RVs but says city has failed to improve secure parking lot Judge sides with San Diego on ticketing homeless people in RVs but says city has failed to improve secure parking lot
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