Nintendo has published its Q3 financial results for the 2013-14 fiscal year. The video gaming giant posted an overall net profit of 10,195 million yen (£59.5 million, $99 million), though has suffered a 30 per cent decrease from the previous year. Yet even in the black, the corporation is not out of the woods just yet as warnings remain for the fourth quarter, predicting that sales will decrease significantly “due to seasonal factors”.
In other areas, Nintendo experienced an operating loss for nine months – from April to December 2013 – of 1,578 million Yen ($15.3 million / £9.2 million / €11.2 million). There was also a decrease in net sales from the previous Q3 financial year due to disappointing Wii U sales. However, numbers still remain relatively high at 499,120 billion yen (£2.9 billion, $4.8 billion) from strong 3DS hardware and software sales.
Wii U hardware sales for the nine month period equates to 2.41 million units with 5.86 million units shifted in the console’s life-to-date. But software sales lightened the mood a little with 15.96 million units shifted this financial year, including over one million sales for Wind Waker HD, Wii Party U and Super Mario 3D World.
Nintendo’s home console numbers pale in comparison to the 3DS, though, which sold 15.65 million units this financial year, making its life-to-date sales a grand total of 42.74 million units. Software sales provided the financial backbone of the company with 57.25 million units sold. Titles such as Pokemon X and Y sold an impressive 11.61 million units globally, while The Legend of Zelda: A Link Between Worlds sold 1.85 million units across the US and Europe and 2.18 million units worldwide.
Despite posting an overall net profit, Nintendo’s CEO Satoru Iwata has halved his salary for the next five months in light of the financial results. The president also announced that 20 to 30 per cent pay cuts would take place for the company’s board members – including Mario creator Shigeru Miyamoto. Let us know what you think of Nintendo’s Q3 financial results by posting a comment below.