Nintendo Releases Q1 2017 Financial Results

by Donald Theriault - July 27, 2016, 6:13 am PDT
Total comments: 2 Source: Nintendo Investor Relations

A big swipe taken in foreign exchange, but a light quarter overall.

Nintendo had an operating loss for the first quarter of the 2017 fiscal year caused by an underperforming lineup and foreign exchange changes.

For the quarter ending June 30, the company had an operating loss of 5.134bn yen (US$48.596 million at current market rates) on sales of 61.969bn yen (approx. $587m). The 3DS sold 940,000 units this quarter (down 7% over the same period last year) while the Wii U moved 220,000 consoles (53% down). In software, total sales were 8.47 million for 3DS (up 7%) and 4.68 million for Wii U (up 3%, even with last year's 1st quarter featuring the Splatoon launch). No games reached the 1 million copies sold milestone during the quarter, but Super Mario 3D World crossed 5 million on the strength of the Nintendo Selects addition.

In amiibo, lifetime sales are 36.9m figures (1.6m in the quarter) and 30.2m cards. Licensing and phone revenue - a sign of Miitomo's success - totaled 1.649bn yen ($15.61m) while download sales were down to 7.8bn yen ($73.86m) compared to 12.6bn yen in the same quarter last year.

Political instability both in Japan and abroad caused the yen to rise, leading the company to suffer about 35bn yen ($331m) in foreign exchange losses. Despite the rough start, Nintendo has not adjusted their annual expectations including the sale of 800,000 Wii Us.

There were no surprises on the release schedule, though Dr. Kawashima's Devilish Brain Training is still TBA for Europe and Project Giant Robot is TBA for all territories.


Mop it upJuly 28, 2016

With 220k in a quarter, they're still on track to sell 800k Wii U systems! Success!

Especially with holiday fire sales.

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