Nintendo Reveals $457 Million Loss for Fiscal Year

It's not a good time at Nintendo HQ this week. Today the maker of Wii U and 3DS revealed a 46.4 billion yen ($457 million) loss for its fiscal year ending March 31. This is the third year of annual operating losses in a row for the company.

The Wii U sold 2.72 million units over the last 12 months. Lifetime sales stand at 6.17 million units. That number is pretty disappointing for Nintendo if you consider how much longer it has been on the market. Sony's PS4, for example, has sold 7 million units since its released in Q4 2013.

"The Wii U hardware still has a negative impact on Nintendo’s profits owing mainly to its markdown in the United States and Europe," Nintendo said in its financial statement, "and unit sales of software, which has high profit margins, did not grow sufficiently."

Super Mario 3D World, New Super Mario Bros. U, and New Super Luigi U, were all cited as million-seller titles, with total software sales hitting 18.86 million units overall.

The 3DS continues to offset those bad Wii U sales numbers. 3DS hardware sales reached 12.24 million, and software 67.89 million. Lifetime sales for the 3DS now stand at an impressive 43 million units.

Pokemon X/Y proved to the be the most popular 3DS game of the year, selling 12.26 million. Animal Crossing: New Leaf had cumulative sales of 7.66 million. Luigi’s Mansion: Dark Moon, The Legend of Zelda: A Link Between Worlds, and Mario & Luigi: Dream Team sold more than two million units during the year.

Looking ahead, Nintendo predicts an operating profit of 40 billion yen ($394 million) for the year ending March 2015. It also expects to increase Wii U sales in the year ahead; the company is forecasting 3.6 million in Wii U sales for the year ending March 31st 2015. It expects 3DS sales to decline slightly to 12 million units.

Source: GameSpot

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