Nintendo Posts Record Year, Operating Profit of 226 Billion Yen

Nintendo stock holders are probably doing a little jig right about now, with Wii-mote and DS held gratefully in hand.

The Mario factory reported today final consolidated fiscal year revenues of 966.5 billion yen and operating profits of 226.0 billion yen for the year ending March 31, 2007, an increase of 90 percent and 150 percent, respectively, over the same period one year ago.  Both numbers are record highs for the company.

The results are due largely to full-year sales of more than 23 million portable Nintendo DS systems globally, along with 123 million Nintendo DS games.  Since introduction, the Nintendo DS has now eclipsed lifetime sales of 40 million systems.

In addition, in less than five months since introduction, the company sold 5.84 million of its new Wii home video game systems globally, virtually every one snapped up immediately by consumers, along with nearly 29 million Wii games.  Wii has taken a step toward becoming a cultural phenomenon, appealing widely to both avid and previously disinterested game-playing audiences.

For the fiscal year beginning April 1, 2007, Nintendo projects sales of 14 million Wii systems and 55 million games worldwide.  The company projects sales of 22 million Nintendo DS hardware unit sales and 130 million software units sales.  Nintendo forecasts consolidated sales increasing nearly 18 percent to 1.14 trillion yen, and operating profits growing nearly 20 percent to 270 billion yen.

All financial projections are based on an anticipated ratio of 115 yen to the U.S. dollar, and 150 yen to the euro.  Using this estimate, recurring and net profits for the year are projected to be flat in anticipation of a foreign currency reevaluation loss.

Note the date on this article may be incorrect due to importing it from our old system.

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