Nintendo has announced its financial results for the third quarter of 2021, and things are looking good for the gaming giant. During the first nine months of the fiscal year (April 1, 2020 to December 31, 2020), the company earned ¥1,404.4 billion, up 37.3% from the previous year. Operating profit was JPY521.1 billion (up 98.2% from the previous year), ordinary profit JPY528.2 billion (up 92.9%) and net profit JPY376.6 billion (up 91.8%).
The vast majority of its revenue and profits come from Nintendo’s own gaming platform (Switch and its games and accessories). Sales of mobile phones and other intellectual property totalled JPY 42 billion, up 13.8%, while playing cards etc. brought in another JPY 1.3 billion (down 38.1%).
With such a strong Christmas quarter and only one quarter to go in fiscal 2021 (January 1, 2021 – March 31, 2021), Nintendo had to revise upward its estimates for the rest of the period. They were expecting 1,400 billion yen for the entire fiscal year, and after already missing this target by 9 months, they have adjusted it to 1,600 billion yen. Originally, 19 million Nintendo Switch systems were to be sold over the course of the year. Since then they have adjusted the target to 24 million, but now they have raised it again to 26.5 million. The number of Nintendo Switch games has also been revised upwards, from the original 140 million to the previously reported 170 million and now to an updated forecast of 205 million. A very good year indeed!
Nintendo sold 24.1 million Nintendo Switch consoles in the first nine months of fiscal 2021, up 35.8% from the 17.74 million consoles sold in the same period last year. The software is growing even more: 176.1 million units sold this fiscal year versus 123.13 last year, up 43% from last year. The best selling game of 1. April 2020 to 31. The Animal Passage of December 2020 : New Horizons with additional copies of 19.41 are on sale (shipping to retailers and selling through the online store). In total, more than a million copies of 29 Switch games have been sold, including 20 from Nintendo and nine from third-party developers.
Like the video game industry as a whole, Nintendo has experienced tremendous growth in digital game sales. This is partly due to the global Covid 19 pandemic and the fact that people are staying home and buying games on the Switch instead of going to the store. In recent years, the trend has also been towards digital, due to convenience and the fact that thousands of small games are only available in digital form and not in DIY stores. On a year-over-year basis, digital sales increased 104.9% to 256 billion yen. In other words, 40.9% of all software sold was digital.
Looking at how many games have been sold for the Nintendo Switch so far, Nintendo has many games that have sold over a million copies. Mario Kart 8 Deluxe is still in first place with 33.41 million copies sold. It’s amazing this crossing of animals: New Horizons, which launched on the 20th. The March 2020 version, which has not even been on the market for a year yet, managed to sell a whopping 31.18 million copies. He should be in the running for one of the best-selling software programs of all time. Super Mario 3D All-Stars has a limited edition of 8.32 million copies sold, as does The Legend of Zelda : Breath of the Wild and Super Mario Odyssey have sold over 20 million copies, and rightfully so, as they remain two of the best games ever made. It should also be noted that Pokémon Sword and Shield is one of the most popular games in the series, with over 20 million copies sold.
During that time, another record was broken: the Nintendo Switch surpassed all systems in the Nintendo 3DS family! The Switch, which has been on the market for almost four years, has sold just under 80 million copies so far, with 79.87 million of those sold worldwide. The 3DS, which has been on the market for almost a decade, sold for $75.94 million. Software is also impressive, with 532.34 million games sold for the Switch versus 385.85 million games sold for the 3DS. Three months after Nintendo announced its annual results, the Switch is also expected to surpass the total of 81.51 million Game Boy Advance consoles and already surpass the number of games sold (the GBA has only sold 377.42 million games).
Overall, Nintendo’s fiscal year was exceptional and one of the best ever in terms of sales and profits. If they can keep working on hardware production and keep feeding the software pipeline with exciting new products, the Switch should continue to do well in the market. Competitors with more powerful computers haven’t done much to slow Nintendo down, and with the PS5 and Xbox X and S series out of stock for the foreseeable future, Nintendo will continue to win next year!
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[Source : Nintendo]
Craig has been involved in the video game industry since 1995. His work has been published in various media. He is currently an editor and contributor to Age of Games.
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