The Nintendo Switch was massively popular when it launched back in 2017, and it was hard to find for a while. When the COVID-19 pandemic came around and the subsequent chip shortage happened, stock of the popular console was once again tough to find, with resellers flooding the market with overpriced consoles. Nintendo says it's putting forward plans to avoid the same issues with the Nintendo Switch 2. "As a measure against resale, we believe that the most important thing is to produce a sufficient number o ...

This title supports English, Japanese, French, and Traditional Chinese, and can be enjoyed by players from around the world (excluding mainland China and other specific regions) with access to the Xbox Store. Game Controller Support - A Must-Have for Smooth Gameplay Players can cross-platform play with Brave Souls users on other platforms. *Total number of downloads includes users who have downloaded the game more than once. *For the Xbox, support is provided for Xbox One with backwards compatibility also a ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Nintendo said that in 'The Legend of Zelda Echoes of Wisdom' video game, fans will be able to play as Princess Zelda herself rather than the elf-like warrior Link. Nintendo surprised fans on Tuesday by announcing a new chapter in its 40-year-old "Zelda" saga, one of the Japanese video game giant's biggest cash-cows. During an eve ...

TOKYO, May 28, 2024 /PRNewswire/ -- KLab Inc. announced that its hit 3D action game Bleach: Brave Souls will be released on the Nintendo Switch and Xbox consoles this summer. See the original press release (https://www.klab.com/en/press/) for more information. Bleach: Brave Souls is an exciting 3D action game which was released as an application for smartphones in 2015 and is based on the highly popular manga and animation series, BLEACH. KLab Inc. announced that its hit 3D action game Bleach: Brave Souls w ...

The global gaming market has grown significantly, driven by technological advancements, increased accessibility and the rise of trends like the metaverse and e-sports. Industry reports estimate the market will grow from $272.86 billion in 2024 to $426.02 billion by 2029, with a compound annual growth rate, otherwise known as CAGR, of 9.32%. Meanwhile, the performance of gaming stocks mostly hinges on the ability to innovate, retain users and capitalize on emerging trends. As with all long-term investments, ...

Nintendo has teased gamers over the Switch successor's release date - but fans may have to wait more than a year before trying the new console out.The Japanese gaming giant's Switch console - which can be played on a portable handset or on a TV screen - was first released in 2017. Speculation has grown in recent months over the release date for the console's next generation, which is believed to be called Switch 2.But in its financial results published on Tuesday, the Kyoto-based company said it will make a ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: This photo shows a balloon of the Mario character of Mario Bros. during an event in Tokyo, on Feb. 15, 2024. Japanese video-game maker Nintendo said Tuesday, May 7, 2024 that it will make an announcement about a successor to its Switch home console sometime before March 2025. Credit: AP Photo/Hiro Komae, File Japanese video-game ...

Mario poses at the "SUPER NINTENDO WORLD" welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California.Nintendo on Tuesday reported quarterly profit that beat market estimates and said it sold more units of its flagship Switch console than it had forecast.Here's how Nintendo did in its fiscal fourth quarter versus LSEG estimates:Revenue: 277.1 billion Japanese yen ($1.8 billion) versus 280.6 billion yen expected.Net profit: 82.6 billion yen versus 57.2 billion yen ex ...

Financial Performance - For the fiscal year ended March 31, 2024, net sales reached 1,671,865 million yen, an increase of 4.4% compared to the previous year[1] - Operating profit for the same period was 528,941 million yen, reflecting a growth of 4.9% year-on-year[1] - Ordinary profit increased by 13.2% to 680,497 million yen, while profit attributable to owners of the parent rose by 13.4% to 490,602 million yen[1] - Comprehensive income for the year ended March 31, 2024, was 573,849 million yen, representing a 17.9% increase from the previous year[22] - Profit attributable to owners of the parent increased to 490,602 million yen for the year ended March 31, 2024, up from 432,768 million yen, marking a growth of approximately 13.3%[39] - Ordinary profit was reported at 497,293 million yen, which is a decrease of 21.1% from the prior fiscal year[87] Sales and Revenue - Digital sales for the dedicated video game platform amounted to 443.3 billion yen, marking a 9.4% increase year-on-year[30] - The mobile and IP-related business generated sales of 92.7 billion yen, an impressive increase of 81.6% year-on-year[30] - Net sales for the year ended March 31, 2024, increased to 1,671,865 million yen, up from 1,601,677 million yen in the previous year, representing a growth of approximately 4.4%[39] - The dedicated video game platform sales reached 1,567,824 million yen for the year ended March 31, 2024, compared to 1,544,920 million yen in the previous year, showing an increase of approximately 1.5%[52] Assets and Equity - Total assets as of March 31, 2024, increased by 297.1 billion yen to 3,151.3 billion yen, while net assets rose by 338.5 billion yen to 2,604.9 billion yen[8] - The total shareholders' equity as of March 31, 2024, was 2,401,119 million yen, an increase from 2,146,798 million yen as of March 31, 2023, representing a growth of approximately 11.8%[44] - Total assets increased to 3.151 trillion yen as of March 31, 2024, compared to 2.854 trillion yen a year earlier, representing a growth of approximately 10.4%[61] Cash Flow and Dividends - Net cash provided by operating activities for the year ended March 31, 2024, was 462,097 million yen, compared to 322,843 million yen in the previous year, indicating a significant increase of about 43.2%[46] - The company paid dividends of 236,240 million yen for the year ended March 31, 2024, slightly down from 238,700 million yen in the previous year[46] - The company forecasts a dividend of 129 yen per share for the fiscal year ending March 31, 2025, based on expected earnings[59] Operational Metrics - Hardware sales for the fiscal year totaled 15.70 million units, a decrease of 12.6% year-on-year, while software sales reached 199.67 million units, down 6.7% year-on-year[30] - Total sales units for Nintendo Switch reached 14.132 million units for the fiscal year ending March 31, 2024, a decrease from 17.97 million units in the previous year[55] - The number of employees increased to 7,724 as of March 31, 2024, from 7,317 a year prior, reflecting growth in operations[77] Future Outlook - The company forecasts net sales of 1,350,000 million yen and operating profit of 400,000 million yen for the fiscal year ending March 31, 2025[11] - The company plans to release new titles and forecasts a total of 2,286 new titles for the fiscal year ending March 31, 2025[55] - The forecast for the fiscal year ending March 31, 2025 is currently under review, with no specific guidance provided in the available data[94] Research and Development - Research and development expenses rose to 137.749 million yen for the year ended March 31, 2024, up from 110.015 million yen in the previous year, indicating a focus on innovation[77] Stock Information - The company enacted a 10-for-1 stock split effective October 1, 2022, impacting the calculation of profit per share[3] - Profit per share for the year ended March 31, 2024 was 302.37 yen, down from 415.92 yen in the previous year[87]

| --- | --- | |----------------------------------------|--------------------| | | | | | | | Financial Results Explanatory Material | | | | | | Fiscal Year Ended March 2024 | | | | Nintendo Co., Ltd. | | | May 7, 2024 | | | 1 | Nintendo Co., Ltd. 1 1. Consolidated Financial Results and Outlook 2 • We would like to talk about the consolidated financial results for the fiscal year ended March 2024, and the consolidated financial forecast for the fiscal year ending March 2025. Nintendo Co., Ltd. 2 | --- | --- | ...