Nintendo has released its second quarterly financial results this morning. Over a period of six months (April 1 to September 30), the company has recorded an overall profit, but has suffered with a substantial operating loss significantly larger than its Q1 financial results, mainly due to advertisement campaigns and research costs for software development. Nintendo recorded net sales of 196.5 billion yen, which is just short of its 200.9 billion yen published last September. However, its Q1 net sales were that of 81.5 billion yen, showing that sales have more than doubled in those last three months. Due to the damaging operating income loss of 23.2 billion yen ($247 million / £148 million) – compared to 4.9 billion from its Q1 results – Nintendo posted an ordinary income of 1.2 billion yen and only 0.6 billion yen in net income (approximately $6 million / £3.8 million).
Not known to shy away from negative matters, Nintendo has remarked that the Wii U has had a negative impact on overall sales, even with a slash in price. In fact, over the past six months, the Wii U has sold 460,000 units worldwide. In Q1, the Wii U sold just 160,000 units, meaning 300,000 units have sold in the past three months, making the second quarterly results much more favourable. In terms of lifetime sales, the Wii U is currently standing at 3.91 million sales, but Nintendo is sticking to the forecast of 9 million sales by the end of this fiscal year, with much of its hopes pinned on the Christmas period. The Wii U’s software has had a much better run, though, with new titles such as Pikmin 3 and The Legend of Zelda: The Wind Waker HD – released early in North America and Japan – generating over 5.2 million game sales.
The 3DS has had great success in the past six months with 3.89 million systems sold, with 2.49 million units sold from the beginning of July through to September. Worldwide software sales have hit the roof with 27.38 million units. Animal Crossing: New Leaf has been the 3DS’ biggest success though, with sales from North America and Europe reaching 2.01 million sales. Lifetime sales for the 3DS systems equate to 34.98 million sales, while 10.66 million of those are 3DS XLs.
Nintendo’s second quarterly results has dipped into a great operating income loss, but has been saved from a disastrous turn by the 3DS sales. In moving forward, the company has stated that it will be proactively releasing its first-party titles, while bringing in “new promotional activities” to lift the Wii U’s profile among consumers. Are these the results you were expecting? Let us know your thoughts in the comment section below.