Nintendo reports Q1 EPS Y82.48 vs. Y69.53 last year

Reports Q1 revenue Y572.4B vs. Y246.6B last year. Reports operating profit Y56.9M vs. Y54.5M last year. The company said, “During the first quarter of this fiscal year, we launched our new game system, Nintendo (NTDOY) Switch 2, on June 5. The system has gotten off to a good start, with global sales exceeding 3.5M units in the first four days after launch, which is the highest-ever global sales level for any of our dedicated video game platforms. In response to the strong demand that has surpassed our expectations, we are strengthening production to increase supply. Regarding Nintendo Switch 2 software, Mario Kart World, which was released on the same day as the hardware launch, recorded sales of 5.63M units, including units bundled with the hardware. Given that consumers can play both Nintendo Switch 2 exclusive software and Nintendo Switch software with Nintendo Switch 2, titles released for Nintendo Switch in previous fiscal years such as Mario Kart 8 Deluxe and Super Mario Party Jamboree, also sold well. As a result, Nintendo Switch 2 hardware sales reached 5.82M units, and Nintendo Switch 2 software sales reached 8.67M units. In addition, Nintendo Switch hardware sales totaled 0.98M units, and Nintendo Switch software sales totaled 24.40M units. Turning to our digital business for our dedicated video game platforms, digital sales totaled 69.8B yen, down 13.5% year-on-year, mainly due to a decrease in sales of downloadable versions of packaged software for Nintendo Switch. In our IP related business, sales came to 16.7B yen, down 4.4% year-on-year, mainly due to a decrease in movie-related revenue. The end result is that overall sales totaled 572.3B yen and operating profit came to 56.9B yen. Ordinary profit totaled 95.8B yen, including 20.7B in share of profit of entities accounted for using equity method. Profit attributable to owners of parent totaled 96B yen, including a gain on sale of investment securities of 32.3B yen as extraordinary income.”