A new fiscal year began for Nintendo on April 1st, which means it’s time to look back on their performance in Fiscal 2017. A quick glance at Nintendo’s latest financial report instantly reveals that it was a monster year for Nintendo. It wasn’t long ago that Nintendo reported three consecutive yearly operating losses, but the company has seen a massive turnaround thanks to Nintendo Switch and other new ventures.
For the previous fiscal year (April 1st, 2017 through March 31st, 2018), Nintendo is reporting an operating profit of ¥177,577 million. Translated into US currency, that comes out to about $1.6 billion. To put that in perspective, Nintendo’s operating profit last year was just ¥29,362 million, or just one-sixth of this year’s total.
Nintendo’s net profit for the year came in at ¥139,590 million, or a little under $1.3 billion. By comparison, the previous year’s net profit was ¥102,574, but that’s a deeply deceiving stat. Nintendo’s respectable profits in 2016 game not from a strong year, but from the
sale of the Seattle Mariners, which netted them $661 million.
Nintendo’s total net sales for year topped an incredible ¥1.05
trillion yen, or a little under $9.7 billion. That’s well over double the previous year’s figure of ¥489,095 million.
Going forward into next year, Nintendo doesn’t expect their surge to stop. In fact, they’re expecting even better numbers. The company’s financial forecast for the current fiscal year includes projections for ¥1.2 trillion yen in sales with an operating profit of ¥225 billion. Net profits are expected to come in at around ¥165 billion.
A handy graphic from Niko Partners analyst
Daniel Ahmad (which you can find below) shows how this year’s numbers stack up against the past. As you can see, Nintendo’s pulling in cash in a way they haven’t done since the Wii days.
Here is a look at revenue / profit for Nintendo since 1983.
The impact of Nintendo Switch is apparent in 2018. pic.twitter.com/XYru0FePQV
— Daniel Ahmad (@ZhugeEX) April 26, 2018