Nintendo Reports Net Loss of $623.4 Million

January 26, 2012

Nintendo reported a net loss of ¥48.3 billion ($623.4 million) for the nine month period that ended December 2011, with a full-year loss of ¥65 billion ($840 million) expected. This compares to a profit of ¥49.5 billion ($638.8 million) for the same period during the 2011 fiscal year. Part of that loss is being attributed to the strength of the Yen against other currency. Manufacturing costs and other expenses related to the Wii U also cut into profits.

Net sales for the nine-month period were ¥556.1 billion ($7.1 billion), down from ¥807.9 billion ($10.4 billion) during the same fiscal period a year ago. Sales were hurt by slow 3DS sales, which picked up later in the year due to a price cut.

Around 11.43 million 3DS units were sold, with worldwide lifetime sales reaching 15 million. Software sales for the 3DS were 28.04 million, helped by strong titles such as Super Mario 3D Land and Mario Kart 7 - both sold over a million units each.

Around 4.64 million Nintendo DS systems were sold during the first three-quarters, with 51.2 million games sold worldwide. The Wii sold 8.96 million units and Wii software reached 89.06 million units with the help of titles like The Legend of Zelda: Skyward Sword.

For the full year, Nintendo estimates 10 million Wii units to be sold - down from a previous estimate of 12 million. 3DS sales estimates for the full year have been revised to 14 million - down from 16 million.

Source: IndustryGamers

Posted in Business Nintendo

Comments

Re: Nintendo Reports Net Loss of $623.4 Million

Submitted by Techzoner on Fri, 01/27/2012 - 11:27.

So they didn't make as much as last year. Must be those nasty pirates, arggggh!

Keep on chugging

Re: Nintendo Reports Net Loss of $623.4 Million

Submitted by Andrew Eisen on Fri, 01/27/2012 - 12:46.

I haven't read a transcript but to Nintendo's credit, I haven't heard that it even mentioned piracy. It did mention the weak dollar, slow initial 3DS sales, 3DS price cut, Wii U costs and other obvious reasons.

Andrew Eisen

Re: Nintendo Reports Net Loss of $623.4 Million

Submitted by Techzoner on Fri, 01/27/2012 - 14:58.

Just being facetious.

Keep on chugging

Re: Nintendo Reports Net Loss of $623.4 Million

Submitted by DorthLous on Thu, 01/26/2012 - 17:41.

"This compares to ¥49.5 billion ($638.8 million) for the same period during the 2011 fiscal year."

to *the* gain/loss?

Shout box

Andrew Eisen: Needless to say, a chunck of those might not be inclined to plunk down their dough for Nintendo's new console when they just bought a competitor's, compounded with the fact that Nintendo has shown little interest in catering to their needs.02/22/2012 - 5:43pm

Andrew Eisen: If Nintendo is serious about courting the core gamer, it can't just ignore them until it releases the Wii U. They'll just get their fix somewhere else.02/22/2012 - 5:40pm

Andrew Eisen: A game which didn't light the sales charts on fire but didn't bomb either. In fact, from what I've read, NA sales make up a good half of that game's worldwide sales. Not to mention the good will Atlus garners by continuing to cater to gamers.02/22/2012 - 5:34pm

RedMage: Especially when the likes of Atlus seem to have no problem doing a great job localizing something niche like Catherine.02/22/2012 - 2:20pm

Uncharted NES: Entertainment Industry Embraces New Business Model: Suing Google For Third-Party Android Apps That 'Promote Piracy'- http://www.techdirt.com/articles/20120221/08245617830/entertainment-industry-embraces-new-business-model-suing-google-third-party-android-02/22/2012 - 2:07pm

Andrew Eisen: Hard to imagine the games would sell so poorly that they wouldn't cover the reletively minimal cost of bringing them over (shipping, ESRB rating, new packaging, printing, etc.).02/22/2012 - 2:02pm

Andrew Eisen: A point I made in that YouTube video I did last summer. The games tend to sell more copies here so if the damn thing is already developed and localized, why not release it here?02/22/2012 - 2:00pm

RedMage: That's what I figured. It's especially ironic since the black and white data shows NA buys more of these games than Europe or even Japan.02/22/2012 - 1:57pm

Andrew Eisen: And honestly, at this point, most probably won't because they saw their were no more games and moved on.02/22/2012 - 1:55pm

Andrew Eisen: Localizing for Europe is actually harder. Or at least, more work because typically, you do more languages. I don't think its a matter of difficulty but that Nintendo, for whatever reason, has no faith in NA gamers to actually buy these games.02/22/2012 - 1:54pm

Andrew Eisen: Fatal Frame's localization was also announced! For Europe...02/22/2012 - 1:52pm

RedMage: Definitely the latter. I'd still like to know why Europe is apparently easier to localize RPGs for.02/22/2012 - 1:51pm

Andrew Eisen: Do you mean the quality of the localization itself or Nintendo's tone deafness when it comes to catering to the NA market.02/22/2012 - 1:45pm

RedMage: That being said, Nintendo still sucks when it comes to localization.02/22/2012 - 1:42pm

RedMage: Last Story confirmed for North America in 2012! FINALLY! http://bit.ly/yDVyEY02/22/2012 - 1:42pm

Andrew Eisen: Sounds like an interesting story. Nothing to do with video games I wouldn't think but we're big on free speech rights here. Darn shame Slashdot's link doesn't work.02/22/2012 - 1:32pm

Uncharted NES: The 'New' Righthaven Offers Discount To Techdirt Readers Who Want 'Spineful' Hosting- http://www.techdirt.com/articles/20120221/03205417825/new-righthaven-offers-discount-to-techdirt-readers-who-want-spineful-hosting.shtml02/22/2012 - 1:30pm

Uncharted NES: Man Ordered To Apologize To Wife On Facebook- http://slashdot.org/palm/17/12/02/22/1448242_1.shtml02/22/2012 - 1:28pm

Uncharted NES: Seriously Zippy? Well Happy 36th. :)02/22/2012 - 1:11pm

james_fudge: BREAKING: Happy Birthday!02/22/2012 - 12:37pm

All shouts

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