Nintendo reported a significant profit decline for the fiscal year ending March 2025, with net income falling 43.2% to ¥278.8 billion (US$2 billion) from the previous year. Revenue dropped 30.3% to ¥1.16 trillion (US$8.3 billion).
The gaming giant’s results suffered from tough comparisons to last year when blockbuster titles like “The Legend of Zelda: Tears of the Kingdom” and “Super Mario Bros. Wonder” boosted sales. Despite the platform entering its ninth year, Nintendo still managed to sell 10.8 million Switch hardware units, though this represented a 31.2% decrease year-on-year.
Software performance remained resilient with several new releases performing well, including “Super Mario Party Jamboree” selling 7.48 million units and “The Legend of Zelda: Echoes of Wisdom” reaching 4.09 million. Digital sales decreased 26.5% to ¥326 billion, while mobile and IP-related revenue fell 27% to ¥67.6 billion following last year’s successful “Super Mario Bros. Movie.”
The company forecasts a substantial rebound in the coming fiscal year with the launch of Nintendo Switch 2 on June 5. Nintendo expects sales to surge 63.1% to ¥1.9 trillion, though initial production costs and unfavorable currency exchange rates will temper profit growth to just 13.3% for operating income.
