Post by Eorl @ 07:56pm 07/05/14 | 6 Comments
Following others today, Nintendo has posted its fiscal earnings for the year ending March 31, 2014, with a 46.4 billion yen operating loss ($456 million) marking the third consecutive annual operating loss for the company.
The financial report details a net loss of 23.2 billion yen ($22.8 million), down from last year's net income of 7 billion yen ($71 million). Net sales for the year were 571.7 billion yen ($5.63 billion), a 10 percent decrease from the year before, with 394.7 billion yen ($3.89) of that figure from overseas sales.
While the losses may be rather high, Nintendo remains positive that it will hit profit for the 2014 fiscal year ending March 31, 2015, as it ramps up its release slate, merchandising and digital sales. It has projected revenue of ¥590 billion ($5.81 billion), and an estimated ¥20 billion ($196.9 million) profit. In a response to the financial report Nintendo has pledged to continue playing its gaming strengths, and also re-iterate commitments to its Quality of Life program.
“In the belief that the true value of entertainment lies in individuality, Nintendo continues to provide unique products and services by positioning as its core management strategy the dedicated video game platform business of hardware and software integration, in which Nintendo can best leverage its strengths.On the Wii U front, the newest console addition continues to struggle with only 6.17 million Wii U sales since its launch in November 2012. The company's report noted that only 2.72 had been sold for the financial year, slightly down from its projection of 2.8 million, and 310,000 for the quarter. Software wise the Wii U titles Super Mario 3D World, New Super Mario Bros. U and New Super Luigi U all sold more than a million units.
Nintendo 3DS sales on the other hand continue to be moving along nicely, with hardware and software reached 12.24 million and 67.89 million units, respectively. During the fiscal year, Pokémon X and Y moved 12.26 million units, Animal Crossing: New Leaf shipped 3.80 million units (7.66 million units in its lifetime). Luigi's Mansion: Dark Moon, The Legend of Zelda: A Link Between Worlds and Mario & Luigi: Dream Team each sold more than two million units. Nintendo 2DS sales reached 2.2 million worldwide during the company's fiscal year.