Nintendo FY2022 results (Switch hits 107 million sold)
Another huge year for Nintendo
Right on schedule, Nintendo has released their latest financial results. This time around, we’re looking at the figures for Fiscal Year 2022, which started April 1st, 2021, and ended March 31st, 2022. You can see a complete breakdown of details below.
Consolidated Financial Highlights
- Net sales: 1,695.3 billion yen
- Operating profit: 592.7 billion yen
- Ordinary profit: 670.8 billion yen
- Net profit: 477.6 billion yen
Switch hardware sales
- Total Hardware: 107.65 million units
- Total Software: 822.18 million units
- FY2022 Switch Hardware Sales: 23.06 million units (13.56 million Switch, 5.80 million OLED, 3.7 million Lite)
3DS hardware sales
- Total Hardware: 75.94million units
- Total Software: 388.55million units
- hardware sales this fiscal year were affected by shortages of semiconductor components, which resulted in a 20.0% decrease year-on-year
- a total of 39 titles sold over one million units during this period
- software sales grew 1.8% year-on-year to 235.07 million units, making it the highest annual software sales figure ever posted for a Nintendo platform to date
- digital sales hit 359.6 billion yen (an increase of 4.5% year-on-year)
- mobile business hit 53.3 billion yen (a decrease of 6.5% year-on-year)
- Nintendo will work to strengthen sales through the combination of existing popular titles and a continuous stream of new titles
Sales projections for FY 2023
- 1,600.0 billion yen in net sales
- 500.0 billion yen in operating profit
- 480.0 billion yen in ordinary profit
- 340.0 billion yen in profit attributable to owners of parent
- 21 million Switch units sold
- 210 million Switch software units sold
It’s worth noting that Nintendo said if COVID-19 interferes with production or transportation in the future, this might impact the supply of products. There could also be a number of other factors that could result in missed projections. Finally, Nintendo’s president says ‘there’s no end in sight to the chip shortage.’ which could certainly play into projections not being hit.
Only 50M more to reach the top! If that Switch Pro ever releases, that record will be here before we know it.
Also that software record is (Woody voice) AMAZING!
The Switch Pro will likely cost more though, I'd be interested in it, but it would need to be a decent jump in hardware capabilities. AND, it would need to release alongside new, vastly improved larger Joy-Cons. That bit Nintendo won't do.
These financials should put to bed the “Nintendo needs a Switch Pro” nonsense. If it doesn’t, then those people can’t read.
Hmm, thought it was in documents like these they usually announce their plan for the next year, any idea where i can find that?(to see if they state they'll focus on either dlc or actual new software), i recall following someones twitterfeed from japan from a meeting like this and it made the entire year after make so much more sence.
Until Switch collapses hard like the original Wii with no support from 3rd parties that even Nintendo couldn't rescue with Skyward Sword. If Nintendo wants to continue receiving Xbox and PS games, it needs comparative hardware to PS5 and Xbox Series. The only thing the original Switch is going to get is more 3rd parties skipping the system due to inferior tech or more Xbox 360/One and PS3/4 ports that didn't hit Switch already.
Nintendo cannot have another era where indies are the only things keeping them afloat since merging the handheld and console teams of the Wii U and 3DS eras did not result in faster development of games.
Larger joy-cons will definitely not happen, but the switch pro should have a decent jump and launch alongside some must-have software. It will happen eventually, maybe not until early 2024, but the release has to happen before switch sales slow too much.