Nintendo reports lower profits as demand drops for its aging Switch console

TOKYO -- Nintendo, nan Japanese video crippled shaper down nan Super Mario franchise, said Tuesday that its profit fell 60% successful nan first half of nan fiscal year, arsenic request waned for its Switch console, now successful its eighth twelvemonth since going connected sale.

Kyoto-based Nintendo Co. reported a 108.7 cardinal yen ($715 million) profit for nan April-September period, arsenic income slipped 34% from nan erstwhile twelvemonth to 523 cardinal yen ($3.4 billion).

More than 74% of its income gross came from overseas, according to Nintendo, which didn’t break down quarterly numbers.

Global Switch income during nan play dropped to 4.7 cardinal machines from 6.8 cardinal units nan erstwhile year.

But Nintendo said successful a connection that Switch income were still increasing and vowed to instrumentality to its extremity of trading a Switch console to each and each individual, not conscionable 1 Switch per each household.

Nintendo stuck to its earlier projection for a 300 cardinal yen ($2 billion) profit for nan afloat fiscal twelvemonth done March 2025, down astir 29% from nan erstwhile fiscal year.

Annual income were forecast to driblet 23% to1.28 trillion yen ($8.4 billion).

It besides lowered its Switch income projection for nan fiscal twelvemonth to 12.5 cardinal units from an earlier forecast to waste 13.5 million.

Nintendo and different crippled and artifact makers rake successful their biggest profits during nan Christmas shopping season, arsenic good arsenic New Year’s, a vacation celebrated pinch fanfare successful Japan, erstwhile children person rate gifts from grandparents and different relatives.

Nintendo has not yet announced specifications connected a successor to nan Switch.

Among its million-seller crippled package titles for nan fiscal half were “Paper Mario RPG,” which sold 1.95 cardinal units since going connected waste successful May, and “Luigi Mansion 2 HD,” hitting astir 1.6 cardinal successful sales.

Overall, much than 70 cardinal Switch games were sold during nan period, for a full of 9 titles that became million-sellers, including products from third-party manufacturers, aliases makers that aren’t Nintendo.

Still, that was down from much than 97 cardinal games sold nan erstwhile year.

The merchandise of a Super Mario Brothers movie lifted income successful nan erstwhile fiscal year, while nan absence of specified a movie this fiscal twelvemonth negatively impacted nan latest results, Nintendo said. Revenue besides declined successful its mobile-game offerings and IP-related businesses, it said.

___

Yuri Kageyama is connected X: https://x.com/yurikageyama