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Nintendo Boosts R&D Budget to Record 137.7 Billion Yen for Fiscal Year 2024

Nintendo invests in software innovations and new releases to enhance gaming experience and maintain market leadership
Japan
n 7974.TSE Blue Chip 150 OM 60 Games 75 Tech 350 Entertainment 100
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Nintendo has announced a substantial increase in its research and development (R&D) budget for the fiscal year ending March 2024, allocating 137.7 billion yen. This represents a 25.2% rise from the previous fiscal year, marking the highest R&D expenditure in the company’s history.

The increased investment underscores Nintendo’s commitment to advancing its hardware and software capabilities. Key improvements to the Nintendo Switch include firmware updates aimed at enhancing user convenience and operational stability. Additionally, the company continues to develop special specifications for the console and peripherals, alongside enhancements to the software development environment and network services.

Nintendo’s game development efforts are headlined by the release of “The Legend of Zelda: Tears of the Kingdom,” featuring innovative gameplay mechanics such as the “Ultra Hand” ability. Other significant releases include “Everybody 1-2-Switch!” a versatile party game, and new titles in popular franchises like Pikmin 4, Super Mario Bros. Wonder, and Princess Peach Showtime!.

In its mobile segment, Nintendo maintains its services for successful titles like “Fire Emblem Heroes” and “Animal Crossing: Pocket Camp.” The Nintendo Switch Online service continues to expand, offering features like online battles and cooperative play, with regular additions to its library of classic games.

Beyond gaming, Nintendo supports developers through the Nintendo Developer Portal and explores new products aimed at improving quality of life. This strategic increase in R&D spending signals Nintendo’s ongoing efforts to innovate and lead in the competitive gaming market.

 

 

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