Nintendo Posts FY3/2014 Earnings with Mixed Results; Wii U Lifetime Sales: 5.86 Million, 3DS 42.74 Million
Nintendo just posted its earnings results for the first nine months of the fiscal year 2014 (ending on December 31st).
Net sales amounted to 499.120 billion yen (down 8.1% from the same period of last year), resulting into an operating loss of 1.578 billion yen. Ordinary income and net income are still in the black with 55.566 billion yen (up 144.2%) and 10.195 billion yen (down 29.9%) respectively.
The company updated its total hardware sales since launch for the Wii U to 5.86 Million, while the 3DS reached 42.74 million. Software is at 29.37 million for the home console and 152.29 million for the portable.
Nintendo also announced the purchase of up to 10 million of its own shares (7.82% of the total) for a value of 125 billion yen. The decision was taken by the board of directors “to improve capital efficiency as a flexible capital policy in accordance with changes in the business environment.”
Results are definitely mixed, but not terrible, especially thanks to the fact that net income is still in the black, even if lowered since last year. All in all they’re in line with the forecast published a few days ago (not surprisingly).
Tomorrow a further briefing of the board of directors is expected to disclose potential changes to the business policies of the company to try and steer the ship in the right direction. We’ll see if they’ll be as radical as many expect.