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Nintendo Releases 2012 Fiscal Results, Corporate Reshuffling

Nintendo today has announced their 2012 fiscal year earnings. Nintendo's fiscal year net profits came in at ¥7 billion, about halfway from its projected ¥14 billion. Good news is that it was much better than last year’s ¥43 billion loss. Nintendo is forecasting a ¥55 billion profit for the next fiscal year.

The Wii U shipped short of its 4 million projected units at 3.45 million units worldwide from launch to the end of March. Nintendo said the Wii U failed to "maintain the initial sales momentum" due to delays of various games, and aims to fix it this year into the next by "releasing key Nintendo titles." The company was expected to sell 5.5 million units before a readjustment in January to 4 million. Nintendo is currently aiming to ship 9 million Wii U consoles for the next fiscal year.

The Nintendo 3DS shaped up better with system sales now at 31.09 million, with 13.95 million sold in the last year. The company is projecting to sell another 18 million 3DS this fiscal year. The sharp incline is probably due to the various amount of key titles hitting the system throughout the next year like Pokémon X/Y, Mario & Luigi: Dream Team, The Legend of Zelda: Link to the Past 2 and the Western release of Animal Crossing: New Leaf.

The Wii squeaks under 100 million sold at 99.84 million. It outperformed the Wii U in the last quarter, shipping 460,000 units versus the Wii U's 390,000.

Today also marks a corporate reshuffling within the company. Nintendo President Satoru Iwata will assume the role of Nintendo of America’s CEO this summer to create a “unified global strategy” and to “allow streamlined decision-making and enhance Nintendo's organizational agility in the current competitive environment.” Reggie Fils-Aime will continue as president and COO of NOA.

The current chairman and CEO of Nintendo of America, Tatsumi Kimishima, will assume the roles of general manager of Corporate Analysis and Administration and general manager of the General Affairs Division. He will be replacing the retiring Yoshihiro Mori and Masaharu Matsumoto.


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