[ad_1]
Nintendo has revised its consolidated operating income forecast (previous forecast of 300 billion yen) for the current fiscal year (ending March 2021) upwards to 450 billion yen. It will be the highest level in 12 years since the fiscal year ending March 2009. Strong worldwide sales of the home-use game machine “Switch” will contribute.
Expected operating income was below the market forecast of 480.3 billion yen on average. The profit will increase from the expected decrease.
Business forecast for the current period |
|---|
|
The sales target for switches has been revised up to 24 million units (previously 19 million units) and software has been raised to 170 million units (140 million units). In addition, based on the revision of the corporate forecast, the annual dividend forecast for this term has been raised to 1,260 yen per share, 420 yen more than the previous forecast.
As the spread of the new corona virus continues for a long time, the demand for home nesting games has been a tailwind for change. Sales of the popular “Atsumare Animal Forest” software were strong, and the gaming machine itself was temporarily out of stock on the official website. According to people familiar with the matter, Nintendo has set a production target for this switch period, which is a maximum of roughly 30 million units, up from roughly 25 million units in early August.
President Shuntaro Furukawa told a press conference on the 5th that switch production had recovered since the summer and that “there is currently no problem with production.” Production has started in Malaysia as well as China and Vietnam starting this summer, emphasizing that “the stock is ready to achieve the sales plan in the year-end sales season.”
Sony to launch next-gen jets on the 12th for the year-end sales seasonThe PlayStation 5 and Microsoft will also launch new Xbox series models on the 10th. Competition with the Switch, which has been on sale for more than three and a half years since its launch in March 2017, will intensify.
Nintendo’s consolidated operating income from July to September increased 2.2 times year-on-year to 146.7 billion yen, beating the market forecast of 96.2 billion yen. Total switchgear sales in the quarter increased 43% year-over-year to 6.85 million units.
| Results for the July-September period |
|---|
|
Kazunori Ito, an analyst at Morning Star in the United States, noted that the upward revision of this term is conservative and “there is still room for a further increase.” Starting next fiscal year, it is very important to retain users who have acquired due to nesting demand and develop them further.
Hideki Yasuda, a senior analyst at the Ace Economic Research Institute, said switch sales will reach more than 27 million units and the amount of software will reach less than 200 million units. I told.
Nintendo shares fell to the 30,000 yen level in March this year, but have continued to rise since then, and in September they recovered to the 60,000 yen level for the first time in 12 years since July 2008. Currently, it is in range. high of 50,000 yen.
(Update the article by adding financial results announcement details and analyst comments)
