Nintendo reports Q1 hardware units sold 3.91M, up 13.9% y-o-y

The company said, “Regarding the Nintendo Switch business during the first quarter, The Legend of Zelda: Tears of the Kingdom got off to a good start recording sales of 18.51 million units. The April release of The Super Mario Bros. Movie positively impacted sales of Mario related titles, with Mario Kart 8 Deluxe recording sales of 1.67 million units. Other titles also continued to sell steadily. As a result of these factors, hardware unit sales increased 13.9% year-on-year to 3.91 million units, and software unit sales increased 26.1% year-on-year to 52.21 million units. Turning to the digital business for our dedicated video game platform, digital sales rose 35.9% year-on-year to 119.6 billion yen, helped by the depreciation of the yen combined with good sales of downloadable versions of packaged software for Nintendo Switch and increased sales related to Nintendo Switch Online. In the mobile and IP related business, the combination of an increase in income from royalties and the high level of audience engagement with The Super Mario Bros. Movie resulted in overall sales of 31.8 billion yen. The end result is that overall sales reached 461.3 billion yen, with sales outside Japan of 369.0 billion yen accounting for 80.0% of that total. Operating profit came to 185.4 billion yen. With the depreciation of the yen in foreign exchange markets, we recorded foreign exchange gains of 47.2 billion yen, with the result that ordinary profit totaled 253.7 billion yen and profit attributable to owners of parent totaled 181.0 billion yen.”