Japanese video game maker Nintendo raised its annual profit forecast by 18 percent as a weaker yen helped offset lower-than-expected sales of the Switch console.
Nintendo, which generates about 80% of its revenue overseas, is expected to post a net profit of 400 billion yen by March 2023, up from a previous forecast of 340 billion yen.
Nintendo’s game hardware Switch shipped 3.22 million units in the second fiscal quarter ending in September, and the cumulative sales have exceeded 114.33 million units. Sales in the first six months of the fiscal year were 6.68 million units, down 19% year-on-year and down from 8.28 million units a year ago. Nintendo lowered its forecast for Switch console sales in fiscal 2022 to 19 million from 21 million.
As of September 30, 2022, the Switch TOP 10 software:
Mario Kart 8 Deluxe: 48.41 million
“Assemble! Animal Crossing: 40.17 million
Smash Bros. Special Edition: 29.53 million
The Legend of Zelda: Breath of the Wild: 27.79 million
“Pokémon Sword and Shield”: 25.37 million
Super Mario Odyssey: 24.4 million
“Super Mario Party”: 18.35 million
“Pokémon Crystal Diamond/Bright Pearl”: 14.92 million
Ring Fit Adventure: 14.87 million
Pokémon Let’s Go: 14.81 million
