Nintendo FY ending Mar. 2010 earnings – profit down 18%
We mentioned earlier that Nintendo was claiming a profit loss for March, the first time in six years. For you number people, here are some numbers to back it up.
Net sales – 1,434,365 million Yen
Operating income – 356,567 million Yen
Net income – 228,635 million Yen
Wii hardware – 20.53m
Wii software – 191.81m
DS hardware – 27.11m
DS software – 151.59m
LTD sales:
Wii hardware – 70.93m
Wii Software – 544.83m
DS hardware – 128.89m
DS software – 718.50m
Forecast for this FY:
Wii hardware – 18m
Wii software – 165m
DS hardware – 30m
DS software – 150m
LTD:
Wii Sports Resort – 16.14m
New Super Mario Bros. Wii – 14.70m
Wii Fit Plus – 12.65
Pokemon HeartGold/SoulSilver – 8.40m
The Legend of Zelda: Spirit Tracks – 2.61m
Tomodachi Collection – 3.20m
– net profit for the fiscal year ended March 31 fell 18 percent to 228.6 billion yen
– annual sales slipped 22 percent to 1.434 trillion yen ($15.4 billion)
– forecasts sales to fall 2.4 percent to 1.4 trillion yen ($15 billion) for the fiscal year through March 2011
– forecasts earnings to fall 12.5 percent to 200 billion yen ($2.2 billion) for the fiscal year through March 2011
– 12.3 million DS units sold in the Americas, making for a new record
– U.S. consumers bought 9.6 million Wii units in 2009, more than 360/PS3 combined
– “The new 3DS will create a new opportunity for us.” – Satoru Iwata
– “Investors are pinning their hopes on the 3-D DS. The numbers are below the consensus so it’s not hugely positive, but it’s not reason enough to sell.” – itsushige Akino, analyst at Ichiyoshi Investment Management Co. in Tokyo
– Wii sales down 22%
– ahead of these results, Nintendo shares closed down 3.3 percent, in line with the benchmark Nikkei average
– once again, Vitality Sensor and 3DS due out this fiscal year
– “Nintendo investors will need to be patient this year. Although the company will strengthen its software lineup for the Wii during the first half, the real contributions from the 3DS will probably materialize next year.” – Eiji Maeda, a JPMorgan Chase & Co. analyst
May 6, 2010
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