Nintendo today announced the Q1 financial report for the 2022 fiscal year. The net profit for the first quarter was 92.75 billion yen (approx $84,58,73,229), and the market was estimated to be 82.56 billion yen; sales were 322.647 billion yen.
A year-on-year decrease of 9.9%; operating profit was 119.752 billion yen, a year-on-year decrease of 17.3%. The annual operating profit is predicted to be 500 billion yen, and the market is estimated to be 624.16 billion yen; the annual net sales are predicted to be 1.6 trillion yen, and the market is estimated to be 1.77 trillion yen; the annual net profit is forecast to be 340 billion yen. Estimated 447.03 billion yen.
Nintendo forecasts annual Switch hardware sales of 25.5 million units. In the first quarter, Switch hardware sales were 4.45 million units, a year-on-year decrease of 22%. In the fourth quarter of the previous fiscal year, Nintendo sold 4.73 million Switch hardware, a decrease from the previous quarter. The total sales of Switch hardware has reached 89.04 million units, and the sales of software has reached 324 million units.
