Nintendo Financials (November 2025): results, highlights, Investors Briefing, Q&A

4 November 2025 Lite_Agent Nintendo Financial Results

Nintendo has shared its latest financial results, covering the period ended September 2025 (April 1st 2025 to September 30th 2025) today, November 4th. The Investors Briefing and Corporate Management Policy Briefing should take place on the following day (on November 5th).

You will find all the details on these pages:

Consolidated Financial Highlights, with consolidated operating results, the forecast for the current Fiscal Year, Nintendo comments, sales information (regional breakdown, digital sales), sales data and forecast, and more
Financial Results Explanatory Material, with lots of additional sales data, list of million-sellers this Fiscal Year, release planning, and more

Some highlights:

Mario Kart World saw strong sales during the second quarter of the current Fiscal Year, with 9.58 million units sold as of September 30th (that’s +3.95 million units during the quarter). The vast majority of sales (approximately 8.10 million units) come from the bundle;
Donkey Kong Bananza is off to a great start with 3.49 million units sold during its launch quarter (and unlike Mario Kart World, it was not bundled!);
Nintendo Switch evergreen titles, like Mario Kart 8 Deluxe and Super Mario Party Jamboree, saw steady sales thanks in great part to back compatibility;
Nintendo Switch 2 (Hardware): 10.36 million units sold during the first 4 months (that’s +4.54 million units during Q2);
Nintendo Switch 2 (Software): 20.62 million units sold during the first 4 months (+11.95 million units in Q2);
Nintendo Switch (Hardware): 1.89 million units sold during Q1 and Q2 (with 910.000 units sold in Q2);
Nintendo Switch (Software): 61.56 million units sold during Q1 and Q2 (with 37.16 million units sold in Q2);
Digital sales totaled 155.5 billion Yen: that’s a 2.8% drop Year on Year, which is due to the impact of foreign exchange rates, but also a drop in sales of download-only games;
IP related business (which includes mobile games), sales dropped to 33.3 billion Yen (-12.4%), mainly due to a decrease in movie-related revenue.
In order to expand the Nintendo Switch 2 userbase, Nintendo is planning to keep the momentum of releases titles, but also releases new ones (Kirby Air Riders and Metroid Prime 4: Beyond, for example)
With the Nintendo Switch, the focus is on leveraging the install base and rich library to further expand the sales of evergreen titles and maintain engagement.
Nintendo revised its forecast for the current Fiscal Year, due to sales being stronger than expected during the first half of the current Fiscal Year and good prospects for the remainder of the Fiscal Year.
- Nintendo is now expecting to ship 19 million units of its Nintendo Switch 2 console (+26.7%) and 48 million units of Nintendo Switch 2 games (+6.7%)
- Nintendo is now expecting to ship only 4 million units of its Nintendo Switch console (-11.1%), and 125 million units of Nintendo Switch games (+19%)
The gross profit margin declined by a whopping 24.6% due to the higher proportion of Hardware sales, and especially the Nintendo Switch 2 having a lower profit margin than the Nintendo Switch;

Here’s sales data for some games (courtesy of mazi):

Mario Kart World – 9.57M (+3.75M during Q2)
Donkey Kong Bananza – 3.49M
Super Mario Party Jamboree – 8.64M (+1.16M during Q1 and Q2)
Mario Kart 8 Deluxe – 69.56M (+700K during Q2)
Animal Crossing: New Horizons – 48.62M (+430K during Q2)
Super Smash Bros. Ultimate – 36.93M (+380K during Q2)
The Legend of Zelda: Breath of the Wild – 33.34M (+300K during Q2)
Super Mario Odyssey – 29.84M (+340K during Q2)
Pokémon Scarlet and Violet – 27.61M (+460K during Q2)
Pokémon Sword and Shield – 26.96M (+120K during Q2)
The Legend of Zelda: Tears of the Kingdom – 22.15M (+220K during Q2)
Super Mario Party – 21.23M (+40K during Q2)
New Super Mario Bros. U Deluxe – 18.53M (+170K during Q2)

The following pages were also updated:

Dedicated Video Game Sales Unit: Hardware and Software sales for Nintendo consoles

Top Selling Title Sales Units: Top 10 Software for each platforms:

Nintendo Financials – Briefing

The investors briefing is expected to take place on November 5th. A link to the full transcript and highlights will be added to this post when it’s live.

Nintendo Financials – Q&A

The investors briefing is expected to take place on November 5th. A link to the official English translation of the Q&A session transcript, as well as the list of questions, will be added to this post as soon as it’s live.