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Nintendo records quarterly loss of nearly 10bn Yen

Nintendo records quarterly loss of nearly 10bn Yen

Wed 30 Jul 2014 7:30am GMT / 3:30am EDT / 12:30am PDT
HardwareFinancialPublisher

500k Wii U sold globally, MK8 sells 2.8m in just over a month

Nintendo has recorded a loss of 9.9 billion Yen for the quarter ending June 30, 2014. The net profit for the same period in the year prior was 8.6 billion Yen.

Net sales dipped slightly, to 74.7 billion Yen from 81.5 billion in 2013, but Nintendo's forecasts for the full financial year, ending March 31, 2015, remain unchanged. The company expects a final year profit of 20 billion Yen.

The quarter's poor performance was largely blamed on a lack of major releases, although Mario Kart 8 performed incredibly - selling 2.82 million copies in the quarter despite only being released in May.

The period saw a big drop off in sales of the 3DS, which shifted 820,000 units compared to 1.4 million in the first quarter of 2013. The Wii U only managed 0.5 million sales in the quarter, bringing the lifetime sales to date to 6.68 million, but Nintendo are predicting a significant uptick, pitching a sales total of 3.6 million for the full FY2014.

The publisher is hoping to achieve that with a slate of new releases, including Hyrule Warriors, Bayonetta 2, Wii Sports Club and Super Smash Bros. Wii U. However, hardly any of these games will hit the streets during the quarter, with Hyrule Warriors just squeezing a few days in on the shelves.

7 Comments

Nicholas Pantazis Senior Editor, VGChartz Ltd

1,020 1,467 1.4
Not the best news for Nintendo, but still an impressive uptick for the Wii U. Nintendo sold only 160,000 Wii Us in the same quarter last year. This represents a 312.5% increase in sales over last year.

Edit: 212.5% increase, whoops.

Edited 1 times. Last edit by Nicholas Pantazis on 31st July 2014 3:37pm

Posted:3 months ago

#1

Steve Peterson West Coast Editor, GamesIndustry.biz

111 73 0.7
The decline in 3DS sales iis worrisome, since that's been Nintendo's big moneymaker lately. Mario Kart 8 certainly helped spike Wii U sales, but it remains to be seen how much of that gain can be sustained.

Posted:3 months ago

#2

Reza Ghavami Marketing Analyst, NVIDIA

23 10 0.4
212.5%, but a big increase anyway.

Posted:3 months ago

#3

Shawn Clapper Programmer

34 65 1.9
I like how the headline uses Yen for Nintendo Losses, but $ for Sony. Why is Nintendo picked on so much more?

Posted:3 months ago

#4

Dan Pearson European Editor, GamesIndustry.biz

119 368 3.1
We're not 'picking on' anybody, Shawn. Nintendo presents its figures in Yen. Sony offers both Yen and Dollar figures, as represented here: http://www.gamesindustry.biz/articles/2014-07-31-games-revenue-up-96-percent-for-sony-year-on-year

Posted:3 months ago

#5

Roland Austinat roland austinat media productions|consulting, IDG, Computec, Spiegel Online

138 80 0.6
@Dan, as a service to your readers, it might be good to convert foreign currencies to US$. That number could be in brackets behind the original Yen or Euro number.

Posted:3 months ago

#6
Depends how you want to look at things.

Nintendo lost around $100m in the qrt - I still think they are very cost-heavy, and need to trim some of those costs.

Sony (Corp) made around $700m - $430m from financial services, $150m from building sales, and $50m from selling Square Enix shares. Most other things sort of cancelled out.

Microsoft had an operating income of $6.5bn for the qrt. Eek.

Posted:3 months ago

#7

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