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Nintendo cuts profit forecasts on 3DS weakness, yen strength

Nintendo has modified its financial forecasts for the financial year ending March 31, 2016, and now expects sales to be 12.3 percent lower than previously predicted.

Chris Kerr, News Editor

February 26, 2016

1 Min Read

Nintendo has modified its forecasts for the financial year ending March 31, 2016, and expects sales to be 12.3 percent lower than previously predicted

In a statement reported by Bloomberg, Nintendo spokesperson Yasuhiro Minagawa said the impact of a stronger yen and flagging 3DS sales meant Nintendo had "no choice" but to revise. 

As such, the company is now anticipating end-of-year sales of 500 billion yen ($4.39 billion), rather than 570 billion yen ($4.73 billion).

A 51.4 percent drop-off in profit is also expected, with Nintendo predicting profits will drop to 17 billion yen ($149.2 million) from 35 billion yen ($290.5 million) by the end of the financial year. 

With regards to the company's hardware forecasts, Wii U and Wii sales predictions remain unchanged at 3.4 million and 100,000 units respectively for the full fiscal year.

As previously mentioned, however, Nintendo has altered its 3DS predictions, with the console manufacturer lowering its 3DS sales forecast to 6.6 million units from 7.6 million units.

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About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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