Nintendo reports 1H EPS Y93.33 vs. Y233.03 last year

Reports 1H revenue Y523.3B vs. Y796.24B last year. Reports 1H operating profit Y121.5B vs. Y279.9B last year. The company said, “Regarding the Nintendo (NTDOY) Switch business during the first half of this fiscal year, Paper Mario Thousand-Year Door, released in May, sold 1.94M units, Luigi’s Mansion 2 HD, released in June, sold 1.57M units, and The Legend of Zelda: Echoes of Wisdom, released in September, got off to a good start posting sales of 2.58M units. In addition, we saw stable sales in titles released through the end of the previous fiscal year, with Mario Kart 8 Deluxe selling 2.31M units. As a result of these factors, the total number of million-seller titles during this period reached nine, including titles from other software publishers. Hardware sales totaled 4.72M units, and software sales totaled 70.28M units. Hardware and software sales in the first half of last fiscal year were substantially driven by the May 2023 release of The Legend of Zelda: Tears of the Kingdom, so compared to then, hardware sales were down 31.0% and software sales were down 27.6% year-on-year. Turning to our digital business for our dedicated video game platform, digital sales totaled 159.9V yen, down 26.5% year- on-year, mainly due to a decrease in sales of Nintendo Switch downloadable versions of packaged software.”