Nintendo Financials (August 2023): results and highlights

3 August 20233 August 2023 Lite_Agent Nintendo Financial Results

Nintendo Financials – Results

Nintendo have shared their latest financial results, covering the period ended June 30th, 2023 (April 1st 2023 to June 30th 2023). 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:

The Legend of Zelda: Tears of the Kingdom shipped 18.51 million units and sold 15.70 million units during its launch quarter. At launch, players who had already played The Legend of Zelda: Breath of the Wild were the primary driver of sales, but as weeks went by, Tears of the Kingdom attracted more and more players who had not yet played its predecessor.
The release of the Super Mario Bros. Movie had a positive impact on the sales of various Mario games, including Mario Kart 8 Deluxe that sold 1.67 million units during Q1 (55.46 million units in total).
Nintendo Switch (Hardware) sold 3.91 million units during Q1 (+13.9 Year on Year), with the OLED model accounting for a greater percentage of sales than in past quarters.
Nintendo Switch (Software) sold 52.21 million units during Q1 (+26.1% Year on Year).
Digital sales reached 119.6 billion Yen (+35.9% Year on Year) due to both the increase in sales of downloadable version of retail titles and the depreciation of the Yen. They accounted for 47.3% of total software sales. While digital sales for The Legend of Zelda: Tears of the Kingdom were strong, so were retail sales, which is why the ratio of digital sales in total software sales is lower compared to Q1 2022.
Nintendo Switch Online also saw an increase in sales.
The Mobile and IP related business saw overall sales of 31.8 billion Yen (+190.1% Year on Year) thanks to the Super Mario Bros. Movie.
No change to the forecast for the current Fiscal Year.
During Q1, the Nintendo Switch (Hardware) sell-through is significantly up Year on Year. In fact, this was the second strongest Q1 ever for the Nintendo Switch following Q1 2020 (and its Covid boost).
The number of annual playing users (Nintendo Accounts, out of all Nintendo Accounts registered to a Nintendo Switch system, that used Nintendo Switch software one or more times during the 12-month data aggregation period) has reached 116 millions.
Global sell-through of first-party games during Q1 reached the highest level for a first quarter since the launch of the Nintendo Switch, with The Legend of Zelda: Tears of the Kingdom accounting for half of those sales.
Previously released first-party games saw solid sales during Q1.

Also, the following pages have also been 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

No investors briefing during Q1!

Nintendo Financials – Q&A

No Q&A with investors during Q1!