Nintendo Lowers Forecast for Full Fiscal Year

Nintendo today lowered its full-year (fiscal year ending March 31, 2013) sales forecast, pointing to sluggish hardware and software sales and yen appreciation. the company also said that it expects to sell 5.5 million Wii U units by April of 2013. The Wii U is set to launch in November in Europe and North America. Previously the company expected to post profits of 20 billion yen ($250.7 million), but has lowered that number to 6 billion yen ($75.2 million).

Despite 3DS hardware sales jumping 65 percent and software sales up 134 percent during Nintendo's six-month period that ended September 30, those numbers proved not powerful enough to offset the ongoing appreciation of the Japanese yen. The company said that it lost 23.2 billion yen ($290 million) in currency exchanges during its latest fiscal period.

Total 3DS sales for the period were 5.06 million, while software for the system like New Super Mario Bros. 2, Super Mario 3D Land, and Mario Kart 7 drove software sales upwards to 19.03 million units. Pokémon Black and White 2 sales reached 4.26 million life-to-date, but DS sales fell to 980,000 units during the period, and software sales came in at around 17.3 million units. Nintendo attributed the downturn in DS-related sales to "accelerated generational change" to the 3DS. Over 1 million copies of Mario Party 9 for Wii, while total hardware and software sales for the six-month period on Wii came in at 1.32 million and 23.74 million units respectively.

For the fiscal half-year, Nintendo posted revenue of 201 billion yen ($2.5 billion), down 6.8 percent from the 215.7 billion yen ($2.7 billion) the same period a year ago. The company saw a loss of 28 billion yen ($351 million), compared to losses of 70.3 yen ($881 million) this time last year.

Source: GameSpot

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