Nintendo is riding a wave right now. The success of Nintendo Switch hardware (including the cheaper Switch Lite model) has led to unprecedented software sales. Those successful games have in turn generated head-turning profits. According to the company’s year-end investor briefing, Nintendo had an operating profit of over $3.3 billion (¥352,370,000,000) during the past fiscal year.
Nintendo’s operating profit hits $3.3 billion
The past fiscal year (April 1, 2019 – March 30, 2020) included blockbuster titles like Pokémon Sword and Shield and Animal Crossing: New Horizons. There were also many other titles that weren’t juggernauts but still moved over a million units. Nintendo also launched the Switch Lite during this period, which added an additional 6.19 million to Nintendo’s hardware total. Add in the mobile business and an increase in Nintendo Switch Online subscribers and you’ve got a $3.3 billion operating profit.
Nintendo reported FY2019/20 revenue of 1,308 billion Yen, up 9% YoY.
Operating Profit was 352.3 billion Yen, up 41.1% YoY.
The Orange bars are Nintendo’s forecast for the net fiscal year. Sales down 8.3%, Profit down 14.9%. pic.twitter.com/eLW0IGFeqY
— Daniel Ahmad (@ZhugeEX) May 7, 2020
To put those numbers in perspective, you’d have to go back a decade to find a better year for Nintendo. It also wasn’t that long ago that the company had three years in a row with a financial loss instead of an operating profit. At that time, the late Satoru Iwata took a pay cut and enacted a plan to get Nintendo back on the road to billion-dollar profits. It took a few years, but Nintendo Switch (a console that was developed under Iwata’s guidance) has returned the company to its former glory.