Nintendo today released its fiscal year 2020 financial report as of March 31, 2020. According to the financial report, Nintendo’s net sales in fiscal year 2020 (from April 1, 2019 to March 31, 2020) were 1.3085 trillion yen (about $0.012 trillion), an increase of 9% year-on-year; net profit was 258.6 billion yen (about $2.43 billion), a year-on-year increase of 33.3%.
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Nintendo fiscal year 2020 financial report summary
- Net sales were 1.3085 trillion yen, compared with 1.2005 trillion yen in the previous year, a year-on-year increase of 9%;
- Operating profit was 352.3 billion yen, compared with 249.7 billion yen in the previous year, a year-on-year increase of 41.1%;
- Daily profit was 360.4 billion yen, compared with 277.3 billion yen in the previous year, a year-on-year increase of 30.0%;
- Net profit was 258.6 billion yen, compared with 19.4 billion yen in the previous year, a year-on-year increase of 33.3%;
- Gross profit was 641.7 billion yen, a year-on-year increase of 28.0%; gross profit margin was 49.0%, higher than last year’s 41.7%;
- Sales and general administrative expenses were 289.3 billion yen, a year-on-year increase of 15.0%;
- R&D expenditure was 84.1 billion yen, a year-on-year increase of 20.9%;
- Advertising payment was 76 billion yen, up 0.8% year-on-year.
In fiscal 2020, the company’s hardware sales were 21.03 million units, an increase of 24% year-on-year. Among them, the Nintendo Switch sales were 14.83 million units, lower than last year’s 16.95 million units, a year-on-year decrease of 12.5%.
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Digital game sales were 204.1 billion yen, compared with 118.8 billion yen in the previous year, a 71.8% increase year-on-year.
Nintendo also released its earnings forecast for the next fiscal year. In fiscal 2021, net sales should be 1.2 trillion yen, a year-on-year decrease of 8.3%; net profit should be 200 billion yen, a year-on-year decrease of 22.7%; hardware sales should be 19 million units, a year-on-year decrease of 9.6%.
Nintendo also said that it expects to sell 19 million Switch game consoles in the current fiscal year (April 2020 to March 2021). And it expects to sell 140 million copies of software. The outbreak of coronavirus has led to increased consumer demand for the device. So nothing should prevent the company to reach itsinte goals.
Nintendo said that in the year to March, Switch’s sales were 21 million units, exceeding its expected 19.5 million units.
The company also shared the latest sales data of its first-party Switch games.
The top five first-party Switch games:
- Mario Kart 8 Deluxe Edition – 24.77 million
- Special Edition of Nintendo’s Star Wars – 18.84 million
- The Legend of Zelda: Breath of the Wild – 17.41 million
- Super Mario Odyssey – 17.41 million
- Pokemon Sword / Shield – 17.37 million