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Nintendo Announces First Half FY 2011 Financial Results [Expects Full Year Loss]

Parmenides

Banned
May 9, 2006
577
0
0
-Nintendo Co.,the world's largest maker of handheld video-game players,today reported its consolidated financial results for the six-month period ended September 30,2011.


Consolidated Results For the Six Months Ended September 2011 (Million Yen)
Net Sales ---> 215,738

Operating loss ---> 57,346

Net loss ---> 70,273

1 US$ = 76.65 yen (Sp 30, 2011)

1 Euro = 104.11 yen (Sp 30, 2011)

Nintendo said:
The operating loss was 57.3 billion yen.Due to re-evaluation of assets in foreign currencies exchange losses totaling 52.4 billion yen occurred.As a result de ordinary loss was 107.8 billion yen and the net loss was 70.2 billion yen

Forecast: Fiscal Year Ending March 31,2012 (Million Yen)
Net Sales ---> 790,000

Operating Income ---> 1,000

Net loss ---> 20,000



NDS Worldwide Hardware Unit Sales (Unit:Million)
Code:
                Ap-Jn    Jl-Sp    Oc-Dc    Ja-Mr      FY      LTD

FY 2004/05        -        -      2.84     2.42      5.26     5.26

FY 2005/06      1.29     2.19     5.69     2.29      11.46    16.72

FY 2006/07      4.54     5.55     8.79     4.67      23.55    40.27

FY 2007/08      7.00     6.37     11.14    5.81      30.32    70.59   

FY 2008/09      6.96     6.78     11.89    5.56      31.19    101.78

FY 2009/10      5.97     5.73     11.65    3.76      27.11    128.89

FY 2010/11      3.15     3.54     9.01     1.82      17.52    146.42

FY 2011/12      1.44     1.14      -        -        2.58     149.00
NDS Worldwide Software Unit Sales (Unit:Million)
Code:
                Ap-Jn    Jl-Sp    Oc-Dc    Ja-Mr      FY       LTD

FY 2004/05        -        -      5.01     5.48      10.49    10.49

FY 2005/06      5.33     7.98     22.59    14.05     49.95    60.44

FY 2006/07      18.35    24.79    50.65    29.75     123.54   183.98

FY 2007/08      34.26    41.23    71.39    38.75     185.63   369.61   

FY 2008/09      36.58    48.43    78.77    33.53     197.31   566.92

FY 2009/10      29.09    42.06    50.22    30.22     151.59   718.5

FY 2010/11      22.42    32.42    44.15    21.99     120.98   839.48

FY 2011/12      12.13    16.86      -        -       28.99    868.48
Wii Worldwide Hardware Unit Sales (Unit:Million)
Code:
                Ap-Jn    Jl-Sp    Oc-Dc    Ja-Mr      FY      LTD

FY 2006/07        -        -      3.08     2.76      5.84     5.84

FY 2007/08      3.43     3.9      6.98     4.31      18.62    24.46   

FY 2008/09      5.17     4.92     10.42    5.43      25.94    50.4

FY 2009/10      2.23     3.53     11.29    3.48      20.53    70.93

FY 2010/11      3.04     1.93     8.75     1.36      15.08    86.01

FY 2011/12      1.56     1.79       -        -       3.35     89.36
Wii Worldwide Software Unit Sales (Unit:Million)
Code:
                 Ap-Jn    Jl-Sp    Oc-Dc    Ja-Mr     FY       LTD 

FY 2006/07        -        -       16.37    12.46    28.83    28.83

FY 2007/08       15.98    21.0     47.38    35.25    119.61   148.44  

FY 2008/09       40.4     41.0     82.39    40.79    204.58   353.02

FY 2009/10       31.07    45.14    80.43    35.17    191.81   544.83 

FY 2010/11       28.17    37.04    85.33    20.72    171.26   716.09

FY 2011/12       13.44    23.01      -        -      36.45    752.54
3DS Worldwide Unit Sales (Unit:Million)
Code:
Hardware Sales   Ap-Jn    Jl-Sp    Oc-Dc    Ja-Mr     FY      LTD

FY 2010/11         -        -       -       3.61      3.61    3.61

FY 2011/12       0.71     2.36      -         -       3.07    6.68       


Software Sales   Ap-Jn    Jl-Sp    Oc-Dc    Ja-Mr     FY      LTD

FY 2010/11         -        -       -       9.43      9.43    9.43

FY 2011/12       4.53     3.60      -         -       8.13    17.56
FY 2011/12 Forecast (Unit:Million)
Code:
                    NDS        Wii        3DS

Hardware Sales      6.0        12.0       16.0

Software Sales      62.0       100.0      50.0

Original Forecast (Unit:Million)
Code:
                    NDS         Wii        3DS

Hardware Sales      11.0        13.0       16.0

Software Sales      67.0        120.0      62.0

LINK
 

-WindYoshi-

Banned
Jan 22, 2007
2,876
0
0
33
Okay... Nintendo has posted losses, now - how many hours do we have to wait for an awesome surprise Nintendo game announcement!?

I'm pretty sure Nintendo did something like that for damage control last time too!

: )
 

UnluckyKate

Member
Jan 15, 2008
18,253
3
0
opticalmace said:
So a loss of 70 billion instead of 100? If I'm reading it correctly?
I have trouble reading: 200+ revenu but 70 total loss? Total or compared to mas year revenue?
 

Medalion

Banned
Dec 12, 2008
29,578
0
0
up my ass
-WindYoshi- said:
Okay... Nintendo has posted losses, now - how many hours do we have to wait for an awesome surprise Nintendo game announcement!?

I'm pretty sure Nintendo did something like that for damage control last time too!

: )
New Nintendo game... for the iOS!
 

Buddha Beam

Banned
Jan 22, 2010
6,181
1
0
-WindYoshi- said:
Okay... Nintendo has posted losses, now - how many hours do we have to wait for an awesome surprise Nintendo game announcement!?

I'm pretty sure Nintendo did something like that for damage control last time too!

: )

They would have to buy the rights to and release a sequel to God Hand to offset this level of bad news.

... I just want a sequel to God Hand, really. But I would settle for a new Kirby or Zelda game, I suppose.
 

Mr_Moogle

Member
Jul 23, 2005
2,358
0
0
35
Heres hoping it lights a fire under their collective asses. Nintendo's output is much better when they aren't doing well.
 

BKK

Member
Jan 20, 2010
2,791
8
930
 

bigtroyjon

Member
Oct 25, 2007
6,664
0
0
Fairbanks, AK
They changed their year end Net income forecast from a 20 billion yen profit down to a 20 billion yen loss. Operating Income forecast was lowered down to 1 billion yen and the forecast three months ago was for 35 billion yen.

Not been a good last three months.

edit- beaten with the actual chart.
 

Codeblue

Member
May 29, 2009
11,650
0
890
Rough numbers to be sure.

Hopefully they figure it out so they don't totally halt localizations of smaller projects.
 

eastmen

Banned
May 20, 2010
4,789
0
0
6.68 m 3DS units , not as bad as I thought , they can likely hit 10-12m by the end of the holiday period with the games they have coming out .
 

StreetsAhead

Member
Jun 13, 2011
12,625
0
0
So, 3DS has sold more units than the DS did in its first 3 quarters. DS had a holiday period in there, but wasn't coming off the back of brand-hype built by a 149 million unit seller, so it looks less healthy. Still, not bad, especially the price-drop related sales pick up after a very low second quarter.

Between Mario Kart, M3D Land and Monster Hunter they should be able to pick up this Christmas. Sonic and Inazuma should help software sales, too.
 

Orayn

Member
Jul 4, 2010
34,288
4
920
Minnesota
Glad to hear the losses weren't quite as huge as predicted.

...Also, the 3DS sold MORE units in the same length of time than the DS at that stage in its life, even without the critical October-December block. Why is it a doomed failure of a system again?
 

Thoraxes

Member
Jan 12, 2009
28,525
0
0
soundcloud.com
Orayn said:
Glad to hear the losses weren't quite as huge as predicted.

...Also, the 3DS sold MORE units in the same length of time than the DS, even without the critical October-December block. Why is it a doomed failure of a system again?
Nintendo is doomed unless they move to the future of gaming: iOS.
 

marc^o^

Nintendo's Pro Bono PR Firm
Feb 17, 2005
15,982
26
1,675
45
So they sold 2.36 millions 3DS this quarter, up from 0.71 million the previous quarter.
The price drop had a big impact.
 

StreetsAhead

Member
Jun 13, 2011
12,625
0
0
Orayn said:
Glad to hear the losses weren't quite as huge as predicted.

...Also, the 3DS sold MORE units in the same length of time than the DS, even without the critical October-December block. Why is it a doomed failure of a system again?

DS didn't have the brand recognition of a 149 million unit seller behind it. That being said, the 3DS is certainly not as unhealthy as it is made out to be, but it's definitely doing less well than even Nintendo expected, especially at first.
 

Thoraxes

Member
Jan 12, 2009
28,525
0
0
soundcloud.com
marc^o^ said:
So they sold 2,36 millions 3DS this quarter, up from 0.71 million the previous quarter.
The price drop had a big impact.
I didn't have a clue how bad the overall sales really were till that chart. August was a good move on their behalf, and well for everyone really.

Winter will be interesting.

Orayn said:
Damn, you're right. How could I have been so blind? Oh yeah, I have an Android device. :p
You're impeding progress!
 

Mpl90

Two copies sold? That's not a bomb guys, stop trolling!!!
Mar 10, 2011
22,885
0
955
30
theflyingthoughtsblog.wordpress.com
Heh, DS is really going down after 3DS price cut.
So much that they almost cut half of their DS forecast.
They cut also 3DS software forecast, due to its lower than expected performance in Q2.
 

AzaK

Member
Jun 11, 2011
8,363
1
0
StreetsAhead said:
So, 3DS has sold more units than the DS did in its first 3 quarters. DS had a holiday period in there, but wasn't coming off the back of brand-hype built by a 149 million unit seller, so it looks less healthy. Still, not bad, especially the price-drop related sales pick up after a very low second quarter.

Between Mario Kart, M3D Land and Monster Hunter they should be able to pick up this Christmas. Sonic and Inazuma should help software sales, too.

And didn't the DS then start going gangbusters about a year or so after release, when titles started coming out that really took advantage of the touch and the new things it offered? I don't see 3DS being able to do that to that level because it's nothing "new" as such. Just 3D which doesn't really add a lot to what you can do gameplay-wise.

Therefore I expect the figures to look way out of whack in the old DS' favour next year. Hope not, but I don't have much hope.

marc^o^ said:
So they sold 2.36 millions 3DS this quarter, up from 0.71 million the previous quarter.
The price drop had a big impact.

And notice that their forecast for 3DS hardware is staying the same. Sad thing for us owners is that the software sales forecast has dropped about 20% :(
 

Coxy

Member
Feb 27, 2010
6,540
0
0
Ireland
Orayn said:
Glad to hear the losses weren't quite as huge as predicted.

...Also, the 3DS sold MORE units in the same length of time than the DS at that stage in its life, even without the critical October-December block. Why is it a doomed failure of a system again?

did DS slash its price by an unprecedented amount to do it?

anyway seems like 107B loss with 95B due to Foreign exchange effects?
 

Orayn

Member
Jul 4, 2010
34,288
4
920
Minnesota
StreetsAhead said:
DS didn't have the brand recognition of a 149 million unit seller behind it. That being said, the 3DS is certainly not as unhealthy as it is made out to be, but it's definitely doing less well than even Nintendo expected, especially at first.
I know, but I find it funny and strange how people are so quick to conflate the 3DS failing to meet (admittedly high) expectations with it being an abject failure. Good old fashioned internet hyperbole, I guess.
 

Kazerei

Banned
Nov 25, 2010
12,122
1
0
Reason for variance

Sales of "Nintendo DS" hardware and "Nintendo 3DS" software were weaker than expected. In addition, yen appreciation was beyond expectation level and the exchange losses totaled 52.4 billion yen. These are the main factors of the variance.

What software were they expecting to sell? >_>
 

Orayn

Member
Jul 4, 2010
34,288
4
920
Minnesota
uchihasasuke said:
hopefully this results into more game announcements and localizations.
The yen situation actually gives them less incentive to localize, in a sense. :\
Coxy said:
did DS slash its price by an unprecedented amount to do it?
No, and you're absolutely right that the 3DS had a rocky start because of it. Still, not nearly the disaster some make it out be be.
 

Knux-Future

Banned
Feb 26, 2008
15,771
0
0
Nintendo is dead. Sony is dead and with the third console curse being the case Microsoft is also dead.

Gaming is dead.

I'm dead.

I'm Bruce Willis.
 

DCharlie

And even i am moderately surprised
Jun 7, 2004
23,311
38
1,660
still aiming for 16m 3DS's in 2011/12

with 3.07m sold... so... expecting 13m between now and March but predicting a reduction in software sales ?

#burnnoticeintrowhistle

FY 2011/12 Forecast (Unit:Million)

Code:
NDS Wii 3DS

Hardware Sales 6.0 12.0 16.0

Software Sales 62.0 100.0 50.0
Original Forecast (Unit:Million)

Code:
NDS Wii 3DS

Hardware Sales 11.0 13.0 16.0

Software Sales 67.0 120.0 62.0

so - from this i guess they expect the attractively priced 3DS to replace the NDS in sales and have adjusted accordingly?
 

Mpl90

Two copies sold? That's not a bomb guys, stop trolling!!!
Mar 10, 2011
22,885
0
955
30
theflyingthoughtsblog.wordpress.com
Tomorrow, we'll see if they announce something else.
Because they already announced an impressive load of software, both first party and third party.
Maybe, bundles for America, let's see.
 

walking fiend

Member
Apr 13, 2011
8,247
0
0
walking fiend said:
it's a bit strange.

First they predicted 156.4m income for fy 2012, and now it is exactly that amount of loss? is it correct or a mistype?
nvm, it actually makes sense. They sustained 273m more loss than what they expected, and reducing that from 154 will amount to -119 loss, and a bit further it'll be like -154 loss. (strange they are exactly the same numbers though!)

So, they are going to barely make even this fy if their forecasts don't change much like it did this time.

I believe the previous forecasts included sales of 3DS at $250, and also they expected DS to sell as well.

Now not only DS doesn't sell due to the high price, but 3DS is selling at a much lower profit margin, if any.