Nintendo has released their earnings for the 3 months ending June 30, 2018 today.
The company recorded net sales of 168,157 million yen (USD1.5 billion) and net income of 30,600 million yen (USD274 billion). That’s 9.1% and 43.9% increases year-on-year for both net sales and net income respectively.
Nintendo has also published their financial forecast for the next quarter and beyond, and have made no changes to their goal of shipping 20 million Nintendo Switch units by the end of the current fiscal year.
For Nintendo Switch, hardware sales in every region have been trending upwards since the video game expo, E3, was held in the US in June. In parallel with an increase in digital sales, software sales also have been moving in good shape towards the holiday season. Between this summer and the end of the year, Captain Toad: Treasure Tracker will be released in July, followed by Nintendo Labo Toy-Con 03: Vehicle Kit as the third Nintendo Labo product in September and Super Mario Party in October. The latest series titles,Pokémon Let’s Go, Pikachu! and Pokémon: Let’s Go, Eevee! will be released in November, and then Super Smash Bros. Ultimate will be released in December. We also expect to release several key titles from other software publishers as we continue to offer attractive titles that are filled with variety. In September, we plan to launch Nintendo Switch Online, our paid service that expands online functionality for Nintendo Switch. Through all of these efforts, we are working to further accelerate the already great momentum of Nintendo Switch. For Nintendo 3DS, we will continue to leverage the platform’s rich software library and its hardware install base to further expand sales of evergreen titles. For the smart-device business, we plan to release a new original game application titled Dragalia Lost this summer, as well as our Mario Kart application for smart devices, Mario Kart Tour, by the end of this fiscal year. As we introduce these new game applications, we will also focus on continued operations for applications that have already been released so that consumers can enjoy playing them for a long time. There is no revision to the financial forecast for this period originally published on April 26, 2018.