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Nintendo’s net income falls for the first time in six years

Nintendo today reported its year-end fiscal results for the year ended March 31. As expected, the company’s profits took a hit, sliding 18.1 percent to 228.6 billion yen ($2.5 billion). This represents the first time in 6 years that Nintendo’s profit has fallen. Annual sales also declined considerably, decreasing 22 percent to 1.434 trillion yen ($15.4 billion).

Nintendo blamed these declines primarily on the “results of year-on-year decreases in Wii hardware and Nintendo DS hardware and software sales, a price cut for Wii hardware, and the significant impact of a stronger yen.” Fiscal 2011 is anticipated to be tough for Nintendo as well. The company said it’s expecting sales to fall 2.4 percent to 1.4 trillion yen ($15 billion) and net income to drop 12.5 percent to 200 billion yen ($2.2 billion). See Industry Gamers for more.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat at VentureBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.