So many mouseholds trigger a housing crisis.
The holiday quarter saw an unusually low release volume for Nintendo, but even though it was down year-on-year, there were record-breaking numbers both now and in the future, according to the quarterly results released today.
All figures are based on Nintendo data from October 1 to December 31, 2022, all financial figures are quoted in Yen, market of 1 USD = 132.14 Yen for context only Approximate comparison based on rates.
financial indicators
Revenue: ¥638.204 billion (~$4.63 billion) for the quarter, down ¥57.724 billion (~$436.9 million) year-on-year
Operating income: 190,154 million yen (~$1,439 million) for the quarter, down 62,387 million yen (~$472.1 million) year-on-year
Ordinary income: ¥160,116 million (~$1,210 million) for the quarter, down ¥117,298 million (~$887 million) year-on-year – see below.
Digital game sales and subscriptions: ¥122.2 billion (~$924.8 million) in the quarter, up ¥11.4 billion (~$86.2 million) year-on-year
Royalty and mobile revenue: ¥15.4 billion (~$116.5 million) in the quarter, up ¥1.1 billion (~$8.32 million) year-on-year.
Nintendo’s foreign currency holdings fell by more than half between the end of September and the end of December (76.4 billion yen in September, 28.9 billion yen at the end of December), and “ordinary profit” decreased significantly. Last year’s third quarter also included the first shipments of Switch OLED models.
Hardware shipment
A total of 8.22 million Switch consoles (4.16 million OLED, 2.98 million regular and 1.08 million lights) shipped in the quarter, with a total of 122.55 million new systems shipped. With this, the Switch overtook the Game Boy (color) to become the second best-selling system in the company’s history. It needs 31.47 million units shipped to pass the Nintendo DS, the best-selling system in the company’s history.
Software results (current)
Nintendo only had two software releases this quarter, with Bayonetta 3 (October 28) shipping 1.04 million units, while Pokemon Scarlet and Violet (November 18) shipped 20.61 million units in the quarter. As a result, we more than doubled our sales in the first weekend. It has already reached number 7 in the top 10 sellers on Switch.
Other notable recent releases: Splatoon 3 now at 10.13 million, Xenoblade Chronicles 3 at 18.1 million, Nintendo Switch Sports at 86.1 million, Kirby and the Forgotten Land at 61.2 million, Pokemon Legends: Arceus 14.63 million.
The rest of the top 10 was traditionally led by Mario Kart 8 Deluxe, which shipped 3.59 million units in the quarter and currently sits at 52 million units. Animal Crossing; New Horizons reached lifetime shipments of 41.59 million (1.43 million in Q3), Super Smash Bros. Ultimate entered the 30 million club with lifetime sales of 30.44 million (9.1 million), and Breath of the The Switch version of Wild has now reached 29 million (1.21 million quarterly)) With about four and a half months until the sequel, Pokemon Sword/Shield has sold 25.68 million (310,000), and Super Mario Odyssey has sold up to 25.12 million (720,000) in its lifetime. ), Super Mario Party has currently shipped 18.79 million copies (440,000). ), Ring Fit Adventure shipped 15.22 million units (350,000 units), and surprisingly, Pokémon Let’s Go rounded out the top 10 with his 15.07 million units (260,000 units). Pokemon Brilliant Diamond and Shining Pearl drop out of the top ten.
Projection fix
The chip shortage appears to have been resolved, but Nintendo still lowered its hardware forecast from 19m to 18m (its fiscal year is already at 14.9m) and its software forecast from 210m to 205m. Fixes to units. Nintendo reported that its “sell-through” (to customers, not by unit of shipment) during the holiday season was lower than expected, resulting in the need for fewer shipments in the January-March quarter. Forecasts (sales, operating income, ordinary income) have also been revised downward by a few percentage points, and exchange rate forecasts have changed.
schedule change
Currently, the five games announced in 2023 (Fire Emblem Engage, Kirby’s Return to Dreamland Deluxe, Bayonetta Origins, The Legend of Zelda: Tears of the Kingdom, and Pikmin 4) remain unchanged. Metroid Prime 4 and Advance Wars 1+2 Reboot Camp remain TBD.
