Nintendo reports solid profit following jump in Super Mario sales

business
Nintendo Reports Solid Profit Following Jump In Super Mario Sales
More than 10.7 million units of the latest Super Mario game have been sold around the world since it went on sale in October. Photo: AP
Share this article

By Yuri Kageyama, AP

Nintendo has reported healthy sales and profits on the back of the hit Super Mario Bros Wonder game, prompting the Japanese video games maker to raise its full fiscal year forecasts.

Kyoto-based Nintendo said that demand for what it called the first completely new Super Mario game in the series remained strong. Sales of the new Zelda game and Pikmin 4 also surged.

Advertisement

More than 10.7 million units of the latest Super Mario game have been sold around the world since it went on sale in October, according to Nintendo.

It is banking on upcoming games such as Mario Vs Donkey Kong and Princess Peach Showtime to keep the sales momentum going.

Advertisement

The weak yen also helped Nintendo’s bottom line by boosting the value of its overseas revenue when converted into yen. The US dollar has been trading at about 148 Japanese yen, up from 140 yen a year ago.

For the first nine months of the fiscal year, Nintendo earned 408 billion yen (€2.56 billion), up nearly 18 per cent from 346 billion yen in the same period the year before. Nine-month sales rose 8 per cent to 1.39 trillion yen.

Nintendo, which did not break down quarterly numbers, expects a full year profit of 440 billion yen, up from an earlier projection for a 420 billion yen profit.

Advertisement

Nintendo said theme parks such as its offerings at Universal Studios in Japan are vital for keeping people informed about and interested in its franchise. The Super Nintendo World park is set to open next year in Florida.

Read More

Message submitting... Thank you for waiting.

Want us to email you top stories each lunch time?

Download our Apps
© BreakingNews.ie 2024, developed by Square1 and powered by PublisherPlus.com