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Nintendo fiscal Q4 loss narrows YOY

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According to Market Intelligence, December 2022

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Nintendo fiscal Q4 loss narrows YOY

Nintendo Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥143.11 per share, compared with a loss of ¥252.92 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥16.94 billion, compared with a loss of ¥30.95 billion in the year-earlier period.

The normalized profit margin rose to negative 15.9% from negative 42.6% in the year-earlier period.

Total revenue grew 47.2% year over year to ¥106.86 billion from ¥72.61 billion, and total operating expenses declined from the prior-year period to ¥113.69 billion from ¥117.45 billion.

Reported net income came to a loss of ¥17.67 billion, or a loss of ¥149.29 per share, compared with a loss of ¥33.42 billion, or a loss of ¥273.11 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥344.60 per share, compared to EPS of ¥29.92 in the prior year.

Normalized net income was ¥40.79 billion, a rise of 977.9% from ¥3.78 billion in the prior year.

Full-year total revenue decreased from the prior-year period to ¥549.78 billion from ¥571.73 billion, and total operating expenses decreased on an annual basis to ¥525.01 billion from ¥618.15 billion.

The company said reported net income came to ¥41.84 billion, or ¥353.48 per share, in the full year, compared with a loss of ¥23.22 billion, or a loss of ¥183.58 per share, the prior year.

As of June 29, US$1 was equivalent to ¥122.67.