Financial Performance - For the fiscal year ended March 31, 2024, net sales reached 1,671,865 million yen, an increase of 4.4% compared to the previous year[1] - Operating profit for the same period was 528,941 million yen, reflecting a growth of 4.9% year-on-year[1] - Ordinary profit increased by 13.2% to 680,497 million yen, while profit attributable to owners of the parent rose by 13.4% to 490,602 million yen[1] - Comprehensive income for the year ended March 31, 2024, was 573,849 million yen, representing a 17.9% increase from the previous year[22] - Profit attributable to owners of the parent increased to 490,602 million yen for the year ended March 31, 2024, up from 432,768 million yen, marking a growth of approximately 13.3%[39] - Ordinary profit was reported at 497,293 million yen, which is a decrease of 21.1% from the prior fiscal year[87] Sales and Revenue - Digital sales for the dedicated video game platform amounted to 443.3 billion yen, marking a 9.4% increase year-on-year[30] - The mobile and IP-related business generated sales of 92.7 billion yen, an impressive increase of 81.6% year-on-year[30] - Net sales for the year ended March 31, 2024, increased to 1,671,865 million yen, up from 1,601,677 million yen in the previous year, representing a growth of approximately 4.4%[39] - The dedicated video game platform sales reached 1,567,824 million yen for the year ended March 31, 2024, compared to 1,544,920 million yen in the previous year, showing an increase of approximately 1.5%[52] Assets and Equity - Total assets as of March 31, 2024, increased by 297.1 billion yen to 3,151.3 billion yen, while net assets rose by 338.5 billion yen to 2,604.9 billion yen[8] - The total shareholders' equity as of March 31, 2024, was 2,401,119 million yen, an increase from 2,146,798 million yen as of March 31, 2023, representing a growth of approximately 11.8%[44] - Total assets increased to 3.151 trillion yen as of March 31, 2024, compared to 2.854 trillion yen a year earlier, representing a growth of approximately 10.4%[61] Cash Flow and Dividends - Net cash provided by operating activities for the year ended March 31, 2024, was 462,097 million yen, compared to 322,843 million yen in the previous year, indicating a significant increase of about 43.2%[46] - The company paid dividends of 236,240 million yen for the year ended March 31, 2024, slightly down from 238,700 million yen in the previous year[46] - The company forecasts a dividend of 129 yen per share for the fiscal year ending March 31, 2025, based on expected earnings[59] Operational Metrics - Hardware sales for the fiscal year totaled 15.70 million units, a decrease of 12.6% year-on-year, while software sales reached 199.67 million units, down 6.7% year-on-year[30] - Total sales units for Nintendo Switch reached 14.132 million units for the fiscal year ending March 31, 2024, a decrease from 17.97 million units in the previous year[55] - The number of employees increased to 7,724 as of March 31, 2024, from 7,317 a year prior, reflecting growth in operations[77] Future Outlook - The company forecasts net sales of 1,350,000 million yen and operating profit of 400,000 million yen for the fiscal year ending March 31, 2025[11] - The company plans to release new titles and forecasts a total of 2,286 new titles for the fiscal year ending March 31, 2025[55] - The forecast for the fiscal year ending March 31, 2025 is currently under review, with no specific guidance provided in the available data[94] Research and Development - Research and development expenses rose to 137.749 million yen for the year ended March 31, 2024, up from 110.015 million yen in the previous year, indicating a focus on innovation[77] Stock Information - The company enacted a 10-for-1 stock split effective October 1, 2022, impacting the calculation of profit per share[3] - Profit per share for the year ended March 31, 2024 was 302.37 yen, down from 415.92 yen in the previous year[87]

| --- | --- | |----------------------------------------|--------------------| | | | | | | | Financial Results Explanatory Material | | | | | | Fiscal Year Ended March 2024 | | | | Nintendo Co., Ltd. | | | May 7, 2024 | | | 1 | Nintendo Co., Ltd. 1 1. Consolidated Financial Results and Outlook 2 • We would like to talk about the consolidated financial results for the fiscal year ended March 2024, and the consolidated financial forecast for the fiscal year ending March 2025. Nintendo Co., Ltd. 2 | --- | --- | ...

Nintendo Co. (NTDOY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a changin ...

When it comes to investment opportunities, one sector stands out for its ability to capture the imagination of both seasoned investors and newcomers alike—the video game industry. With its unparalleled growth, technological advancements, and expanding audience base, gaming stocks are not only turning players into investors but also skeptics into believers. Hence, in this piece, we’ll introduce you to our top gaming pick for this year.The global gaming phenomenonIn entertainment, video games have emerged as ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain A company that was sued by Nintendo for creating software that allowed the mass pirating of video games agreed Monday to pay the "Super Mario" maker $2.4 million in damages and shutter the tool. The company behind "Legend of Zelda" and "Donkey Kong" last week sued Tropic Haze, registered in t ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Nintendo Co. (NTDOY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Nintendo Co. is one of 292 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in ord ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain "Super Mario" giant Nintendo has filed a lawsuit against a US maker of software that allows video gamers to play games intended for its hugely popular Switch device on their PC or smartphone. The company behind "Legend of Zelda" and "Donkey Kong" is looking to clamp down on the operations of a ...

ToplineNintendo sued the developers of Nintendo Switch emulator Yuzu on Monday, accusing them of willingly “facilitating piracy at a colossal scale” and requesting a Rhode Island court shut down the emulator and seize and destroy all copies of it owned by the developers.The lawsuit against Yuzu was filed Monday. (Photo by Tomohiro Ohsumi/Getty Images)Getty Images Key FactsYuzu, which allows users to play Switch games on other platforms like Windows PC, turns computing devices into “tools for massive intelle ...

Veteran player in the video game arena Nintendo (NTDOY 2.01%) scored a few points on the stock exchange Monday. The Japan-based company saw its U.S.-listed shares rise by 2% following an analyst's reiteration of his buy recommendation on the stock.That bump was more than good enough to top the performance of the weakening S&P 500 index, which decreased by 0.4% on the day.Nintendo stock is a buy, insists Bernstein analystBefore the U.S. stock markets opened, Bernstein's Robin Zhu once again tagged Nintendo a ...

Shares of Japanese video game company Nintendo (NTDOY -4.92%) fell on Tuesday after a Bloomberg report said that the company would delay the release of its new hardware device, the Switch 2. The report came out Friday evening after the market closed.And since the market was closed over the weekend, as well as Monday, investors couldn't react until today. As of 1:50 p.m. ET, Nintendo stock was down 5%.What's going on with the Switch 2?First, investors should understand that the Switch 2 console hasn't even b ...