Nintendo reported a decline in profits over the nine-month period that ended 31st December 2015.
The figures, reported by Financial Times, reveal a lacklustre 2015 for the Japanese giants of gaming, whose net profits during the period fell by 31.9% compared to the same period in 2014.
Nintendo’s earnings reached a total of 40.55 billion yen, which totals at approximately £233 million. Their net sales, however, fell by a significantly lesser amount. Net sales dropped 3.9% year on year, to 425 billion yen (£2.44 billion).
Despite this decline in profits, Nintendo’s targeted net profit for the period was 35 billion yen (roughly £201 million), meaning that they have still comfortably hit their goals by over 5 billion yen.
During the nine month period, Nintendo sold 3 million Wii U units, 1.87 million of which were sold in the last three months of the year. 3DS sales performed likewise—5.9 million sold in the nine month stint, with a majority of 3.6 million sold in the final three.
The total number of Wii U unit sales has hit a total of 12.6 million since its release in November 2012. Comparatively, PS4 sales have reached 36 million and Xbox One has shipped a total of 19 million, even though both consoles were first released a full year after the Wii U.
Although 2015 was far from Nintendo’s best profits-wise—no doubt in part to declining developer interest in their platforms — 2016 is shaping up to be a landmark year for the firm. Nintendo executives are expecting a quantum shift in their financial forecasts over the coming years, with president Tatsumi Kimishima planning for quadrupled profits.Nintendo, Tatsumi Kimishima