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Nintendo Releases Q1 2018 Fiscal Results

by Donald Theriault - July 31, 2018, 12:47 am PDT
Total comments: 9 Source: Nintendo

The first quarter for Labo, and the first set for Mario Tennis Aces.

Nintendo has released their financial and sales results for the first quarter of the 2018 fiscal year at the close of business in Japan today. This is for the period from April 1 to June 30.

All monetary results quoted below are in yen, with a dollar figure based on current market rates in US$ ($1 = ¥111.13 at press time) for comparison.

Financial Indicators

  • Net income: ¥43.866bn (~$394.7m)
  • Revenue: ¥168.157bn (~$1.514bn)
  • Operating income: ¥30.535bn (~$274.71m)
  • Mobile revenue: ¥9bn (~$81m)
  • Digital sales: ¥18.5bn (~$166.49m), 11% of revenue

Changes to Guidance

Nintendo estimated net profit of ¥230bn yen in the fiscal year, with Switch shipments of 20m and 3DS family shipments of 4m. There was no change to these estimates.

Hardware Sales

  • Switch: 1.88m units shipped, lifetime shipments (to retail) of 19.67m
  • 3DS family of systems: 360k units shipped, lifetime shipments 72.86m.
  • Classic systems: 1.26m NES Classics were shipped in the quarter.

Software Performance And Milestones

  • Switch: 17.96m units of software (+120.8% over Q1 2017)
  • 3DS: 2.95m units of software (-49.6%)
  • Labo:1.39m (combined)
  • Mario Tennis Aces:1.38m
  • Donkey Kong Country: Tropical Freeze: 1.4m
  • Super Mario Odyssey: LTD sales 11.17m
  • The Legend of Zelda: Breath of the Wild: LTD 9.32m
  • Mario Kart 8 Deluxe: 10.35m lifetime, 1.13m in the quarter
  • Kirby Star Allies: LTD 1.89m
  • Other notables: The Switch has 10 individual million selling titles

Changes To Upcoming Releases

Nintendo has confirmed the publishing of "Fitness Boxing", an Imagineer-developed boxing simulator, as a first party title outside Japan in "Winter 2018". Other changes were announced at E3.

Images

Talkback

LemonadeJuly 31, 2018

Not sure if 1.39 million for Labo is good or bad

TOPHATANT123July 31, 2018

The fact that Mario Kart 8 has sold more on Switch than on Wii U is insane to me. It even came with a free game on Wii U!

Quote from: TOPHATANT123

The fact that Mario Kart 8 has sold more on Switch than on Wii U is insane to me. It even came with a free game on Wii U!

It was released early in the Switch's lifespan when there wasn't much else out there. Also you have to remember Switch is getting close to 1.5 times the Wii U's lifetime sales.

TOPHATANT123July 31, 2018

Quote from: ESPN

Quote from: TOPHATANT123

The fact that Mario Kart 8 has sold more on Switch than on Wii U is insane to me. It even came with a free game on Wii U!

It was released early in the Switch's lifespan when there wasn't much else out there. Also you have to remember Switch is getting close to 1.5 times the Wii U's lifetime sales.

At the end of the day it's still a full priced port. I'd be interested in the breakdown of what percentage of people already own the game on Wii U.

ShyGuyJuly 31, 2018

GameCube still on top!

Geez rhey only moved 2 million Switches worldwide this Summer? That sounds really low if they want to meet 20 million shipped the whole fiscal year to me... Exactly how much are they stockpiling for the Holidays? Makes me wonder if they'll do crazy Holiday deals / sales to really take advantage of hyping up a Holiday sales period if they have a lot of inventory...

Quote from: Lemonade

Not sure if 1.39 million for Labo is good or bad

I enjoy Labo a lot, but I feel that's a little on the low sjde given that's both kits combined and it's shipped, making you wonder if there's still a lot of inventory on shelves. With three Toycon kits out this holiday season we'll see just how Labo does with more of its target younger gamers coming into play come December.

Quote from: Kairon

Geez rhey only moved 2 million Switches worldwide this Summer? That sounds really low if they want to meet 20 million shipped the whole fiscal year to me... Exactly how much are they stockpiling for the Holidays? Makes me wonder if they'll do crazy Holiday deals / sales to really take advantage of hyping up a Holiday sales period if they have a lot of inventory...

They said there was momentum coming out of E3, and the releases in the quarter were Labo, a couple of (impressive) remakes and Sushi Striker. I think Fortnite and Mario Tennis did provide a nice bridge out of the quarter, though.

Quote:

I enjoy Labo a lot, but I feel that's a little on the low sjde given that's both kits combined and it's shipped, making you wonder if there's still a lot of inventory on shelves. With three Toycon kits out this holiday season we'll see just how Labo does with more of its target younger gamers coming into play come December.

Basically, this.

KhushrenadaJuly 31, 2018

Quote from: TOPHATANT123

Quote from: ESPN

Quote from: TOPHATANT123

The fact that Mario Kart 8 has sold more on Switch than on Wii U is insane to me. It even came with a free game on Wii U!

It was released early in the Switch's lifespan when there wasn't much else out there. Also you have to remember Switch is getting close to 1.5 times the Wii U's lifetime sales.

At the end of the day it's still a full priced port. I'd be interested in the breakdown of what percentage of people already own the game on Wii U.

Goes to show how important a decent Battle Mode is to the success of the series.

Luigi DudeJuly 31, 2018

Quote from: Kairon

Geez rhey only moved 2 million Switches worldwide this Summer? That sounds really low if they want to meet 20 million shipped the whole fiscal year to me... Exactly how much are they stockpiling for the Holidays? Makes me wonder if they'll do crazy Holiday deals / sales to really take advantage of hyping up a Holiday sales period if they have a lot of inventory...

The holiday season is always insane for Nintendo.  With Pokmon and Smash Bros the system is almost guaranteed a better holiday this year which would easily put the system around 10 million plus worldwide from the Q3, Oct - Dec.

Quote from: Animal

Quote from: TOPHATANT123

Quote from: ESPN

Quote from: TOPHATANT123

The fact that Mario Kart 8 has sold more on Switch than on Wii U is insane to me. It even came with a free game on Wii U!

It was released early in the Switch's lifespan when there wasn't much else out there. Also you have to remember Switch is getting close to 1.5 times the Wii U's lifetime sales.

At the end of the day it's still a full priced port. I'd be interested in the breakdown of what percentage of people already own the game on Wii U.

Goes to show how important a decent Battle Mode is to the success of the series.

People have to remember Mario Kart Wii sold over 35 million copies.  This is a franchise that really exploded during that gen and raised the ceiling for its audience by exposing it to millions that had never played a Mario Kart before.  The 3DS game also sold over 17 million copies, showing that even without the larger audience the Wii had that the audience for Mario Kart was expanded greatly since the best selling Mario Kart before DS and Wii was 64 which did over 10 million.

So even if everyone who bought the Wii U version isn't buying Deluxe because it's an enhanced port, the Mario Kart fanbase is still large enough to give it the sales it's receiving on Switch since the majority of it's fanbase never bought a Wii U so it's a new game to them.

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