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Nintendo Co.’s profit for the fiscal year through March totaled
278.8 billion yen ($1.9 billion), down from 490 billion yen the
previous fiscal year.
Annual sales slipped 30% to 1.16 trillion yen ($8 billion) from
1.67 trillion yen, according to the Kyoto-based maker of the
Super Mario and Donkey Kong games.
The fortunes of game companies tend to decline somewhat as time
passes after a new game machine goes on sale since many people
have already bought the machine, although new hit software helps
boost the results.
Much anticipation has been building over the rollout of the
so-called Switch 2, which goes on sale June 5.
Nintendo said it expects to sell 15 million Switch 2 consoles
for the fiscal year through March 2026.
Demand has dwindled for the current Switch, now in its eighth
year after its debut. The number of Switch players around the
world remains above 128 million people, according to Nintendo.
Nintendo said attractive software was coming for the Switch 2
later this year, including “The Legend of Zelda” games, a
Pokemon title and a Kirby game, as well as offerings from
outside software companies.
Also adding to the momentum is the opening of a Nintendo store
in San Francisco and the Super Nintendo World amusement facility
opening in Orlando, both set for this month, according to
Nintendo.
Nintendo is projecting a 300 billion yen ($2.1 billion) profit
for the fiscal year ending in March next year, a nearly 8%
improvement from the fiscal year just ended, on sales of 1.9
trillion yen ($13 billion), up 63% on-year.
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