Category Archives: nintendo financials

Wii U consoles have been discounted once again at UK supermarket chain ASDA, in a presumed attempt to reverse slow sales figures.

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Nintendo president Satoru Iwata has addressed investors following release of the company’s financial report yesterday. He agrees that things aren’t looking good at the moment, but that the company will pick up real momentum across 3DS and Wii U this year, bolsteres by some strong IP on the horizon.

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Nintendo has confirmed it will place the company’s global president Satoru Iwata as CEO of the company’s North American pursuits, following the promotion of previous CEO Tatsumi Kimishima. Iwata will fill both roles for the foreseeable future.

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Nintendo has posted full-year profits of ¥7 billion for 2012, which is half of the company’s ¥14 billion projection. Regardless, this is an improvement over last year’s loss of ¥43.2 billion. The projection slump has been attributed to weak global sales of both Wii U and 3DS .

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Nintendo is expected to post its yearly financials tomorrow, and Bloomberg expects the firm to announce a ¥18.7 billion ($189 million) loss of the period. Last year, the firm announced its first-ever annual loss. According to Ace Securities Co. analyst Hideki Yasuda, many aren’t happy with how president Satoru Iwata is running the company. “Iwata hasn’t produced good results in recent years,” he told Bloomberg. “He can’t avoid being criticized.” Via Gamespot.

Nintendo’s stock has jumped this week, but unfortunately it’s not due to anything the company has done as such. The Yen has weakened, prompting a shares spike for several Japanese companies.

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Nintendo boss Satoru Iwata has cast doubt on the potential of cloud gaming, and has stressed that the company will continue to support physical consoles in the foreseeable future.

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Nintendo’s post-financial release presentation to investors discussed the firm’s strategies for bouncing back from a rough quarter, including more and better Wii U games; another push with the 3DS; and a mysterious effort from Shigeru Miyamoto.

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Nintendo revealed total worldwide sales for a select number of titles in its Q3 earnings report this morning. According to the firm’s figures, the best-seller for the period was Pokémon Black and White 2 with 7.63 million units sold. The DS title was followed by New Super Mario Bros. 2 on 3DS for 5.96 million, Animal Crossing: New Leaf on 3DS with 2.73 million sold in Japan-only, New Super Mario Bros. U on Wii U with 2.01 million, and Nintendo Land sold with Wii U moving 2.33 million. The next title on the Pokémon docket is Pokémon X and Pokémon Y for 3DS, slated for release in October. Thanks, Siliconera.

Nintendo has reduced its sales forecast for the year ending March 31st 2013, following less-than-expected sales of both its Wii U and 3DS consoles across the current financial year. Despite the cut, the company posted a nine-month profit and has increased its net income projection for the full year as a result.

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Wii U will make a loss per console, according to Nintendo exec following the release of the company’s financial report.

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Nintendo has posted its six-month financial report for 2012, revealing a loss of 27.9 billion yen / £219m. While the loss is down from the same period in 2011 – 70 billion yen / £551m – the company has also trimmed back its yearly sales projections after seeing slow uptake of its 3DS console outside of Japan.

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Nintendo said today that 3DS sales more than double in the April-June quarter compared to last year, up to 1.86 million compared with 710,000 a year earlier.

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Japanese business broadsheet Nikkei is carrying a report claiming Nintendo will cut summer employee salary bonuses by 20%. The paycut is said to be related to an operating loss of ¥37.3 billion yen in April, attributed to weak 3DS sales and diminishing Wii releases. Executives are also said to have taken a pay cut.

Thanks, GoNintendo.

Nintendo buried a number of announcements in its quarterly financial briefing yesterday, including a couple of mysterious new 3DS games, plans for day-and-date digital and retail launches, and more uncertainty regarding the Wii U.

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Nintendo has reports its first ever annual loss at a net loss of ¥43.2 billion (£328.7 million/$531.1 million), a lower than expected figure compared to what was previously predicted thanks to strong 3DS sales. Sales were at ¥647 billion (£4.92 billion/$7.97 billion).

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Nintendo president and CEO Satoru iwata had good news at Nintendo’s dire quarterly briefing; the 3DS has smashed records globally to become the company’s fastest-selling hardware.

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Nintendo’s has lowered its forecasts for FY2012 after reporting a net loss of ¥48.3 billion loss for the nine month period ending December 2011, compared to a profit of ¥49.5 billion in the previous corresponding period.

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Nintendo detailed hardware units sales for the European and US markets in its first-half investor briefing this week, noting that PS3 has been the best-selling console in Europe for most of 2011. In the US, 360 is still king.

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In its semi-annual financial results briefing, Nintendo revealed plans for shoring up the creaky 3DS and launching the Wii U next year.

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