Nintendo Records Fiscal Year Loss

Nintendo released its earnings report for the fiscal year ending March 31, 2013, revealing that it had taken a loss much like it did in the last fiscal year. Nintendo recorded a 36.4 billion yen operating loss ($366 million) for the fiscal year, with less than expected sales of the Wii U continue to have a "negative impact on Nintendo's profits." Thanks to a depreciation of the yen, Nintendo's net income was 7 billion yen ($71 million). Net sales for the year were forecast at 635.4 billion yen ($6.38 billion), down from the year before.

During the fiscal year Nintendo sold 3.45 million Wii U consoles, which launched in November of 2012. The company expected to sell as many as 5.5 million, but lowered that projection to 4 million. Even lowering expectations, Nintendo missed its sales mark. Those weaker Wii U sales were blamed on the delay in development of post-launch software titles. Nintendo also said that it has sold 13.42 million Wii U game titles worldwide as of March 31. Wii U titles Nintendo Land and New Super Mario Bros. U, have sold 2.6 million and 2.15 million units globally.

The original Wii has sold 98 million units to-date as well as 50.61 million units of Wii software. Nintendo sold 13.95 million units of Nintendo 3DS units during the FY and 49.61 million units of software worldwide. The 3DS game New Super Mario Bros. 2 reached 6.42 million units. To-date sales of the Nintendo 3DS hardware and its software reached 31.09 million and 95.03 million, respectively.

For the fiscal year that ends March 31, 2014, Nintendo projects net sales of 920 billion yen and operating income of 100 billion yen.

Source: Nintendo by way of Polygon


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