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’s fortunes are expected to reverse due to their upcoming projects, which include the hotly anticipated NX console, as well as Nintendo’s first ever appearance on mobile platforms.Related Topics: Nintendo, Tatsumi Kimishima