Nintendo has revised its business estimate of the current year’s consolidated financial performance for the fiscal year ending March 31, 2014 that they announced at the beginning of the fiscal year (March 31, 2013). The new estimations are as follows:

  • Net Sales:  590 billion yen against the initially projected net sales of 920 billion yen
  • Operating Profit: -35 billion yen against the initially projected operating profit of 100 billion yen
  • Ordinary Income: Five billion yen against the initially projected ordinary income of 90 billion yen
  • Net Income: -25 billion yen against the initially projected net income of 55 billion yen.
  • Foreign Currency Assumptions: 90 yen to 100 yen per U.S. dollar and 120 yen to 140 yen per euro.

Nintendo has also revised its consolidated unit sales, or total revenue that it earned from selling products, projections, as outlined in their “Notice of Full-Year Financial Forecast and Dividend Forecast Modifications” report. The new estimations are as follows:

  • Nintendo 3DS Hardware: 13.5 million units against the initially projected 18 million
  • Nintendo 3DS Software: 66.0 million units against the initially projected 80 million
  • Wii Hardware: 1.2 million units against the initially projected 2.0 million
  • Wii Software: 26.0 million units against the initially projected 20.0 million
  • Wii U Hardware: 2.8 million units against the initially projected 9.0 million
  • Wii U Software: 19.0 million units against the initially projected 38.0 million.

There were no modifications to the company’s initial projections for the Nintendo DS hardware and software.

Despite initiating various promotional activities in order to promote sales of their product and expand their audience during the year-end 2013 sales season, also known as the Holiday season, Nintendo now expects to fail to meet their previous forecast by a large margin. Perhaps Nintendo shouldn’t have expected such high results if they were only planning to marketing their products during the Holidays.

Written by Omar Taylor

Omar Taylor

What is hardware without software?

Responsible for updating news, producing editorials, and reviewing games. When not carrying out these responsibilities, he can be found achieving first place in Star Wars Battlefront 2 and Republic Commando online, designing games, listening to and creating music, and watching and producing animations. Did he mention how good he was at Star Wars Battlefront 2 and Republic Commando?

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