On May 7th, Nintendo announced that its consolidated operating income for the fiscal year ending March 2025 is expected to be 400 billion yen, down 24.4% from the previous fiscal year. The photo shows the Nintendo logo, taken in Tokyo in November 2019 (2023 Reuters/Issei Kato)
[Tokyo, July 7 (Reuters)]- Nintendo (7974.T) New Tab, opens new tab President Shuntaro Furukawa announced at a financial results conference on the 7th that the company will announce a successor to the Nintendo Switch during the fiscal year ending March 2025. did. The Switch has entered its eighth year since its release, and there is a lot of interest in the announcement of its successor.
President Furukawa said, “We are considering business development centered on switches this fiscal year as well,” and added, “We will make an announcement regarding a successor to the Switch during this fiscal year for the first time in nine years since we announced the existence of the Switch in March 2015.” We will do so.” The company also announced that it will announce its Switch software lineup for the second half of 2024 in June.
Regarding the details of the successor model, he said, “I have nothing to talk about at this point,” and only said, “I hope that many people will continue to play the game.”
Consolidated operating profit for the fiscal year ending March 2025 is expected to be 400 billion yen, down 24.4% from the previous fiscal year. According to the consensus forecast of 25 analysts compiled by IBES, the average consolidated operating profit for the fiscal year ending March 2025 was 466.5 billion yen. Company plans are below market expectations. In addition to the slowdown in switch sales, this was also due to the assumed exchange rate being set at a stronger yen than in the previous fiscal year.
This fiscal year, sales of switches are expected to decrease by 14.0% to 13.5 million units, and software sales are expected to decrease by 17.4% to 165 million units.
President Furukawa said, “We are entering uncharted territory in our eighth year, but for hardware we will create new demand and demand for multiple units, and for software we will continue to introduce new titles and convey the appeal of standard titles. ” he said.
The assumed exchange rate is 1 dollar = 140 yen (151.34 yen in the previous fiscal year), 1 euro = 155 yen (163.31 yen in the same period).
Consolidated operating income for the fiscal year ending March 2024, which was announced at the same time, was 528.9 billion yen, an increase of 4.9% from the previous fiscal year. Contributing factors included strong sales related to the movie “The Super Mario Bros. Movie” released in 2023, as well as an increase in the ratio of in-house software sales. Net profit was the highest ever.
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