Nintendo Upgrades Profit Outlook to $2.8 Billion Following Strong Sales of Zelda and Mario Titles

Nintendo has revised its profit forecast upwards to $2.8 billion for the current fiscal year, driven by a robust first half performance that saw significant sales of The Legend of Zelda: Tears of the Kingdom and The Super Mario Bros Movie. For the six-month period ending September 30, 2023, the company reported a 21.2% year-over-year increase in net sales to $5.3 billion and a 27% rise in operating profit to $1.9 billion. Key highlights include net sales of $5.3 billion, operating profit of $1.9 billion, and ordinary profit of $1.5 billion. The company sold 6.84 million hardware units and 97.1 million software units, with The Legend of Zelda: Tears of the Kingdom selling 19.5 million copies. The Super Mario Bros Movie also positively impacted sales of Mario-related titles, with Mario Kart 8 Deluxe selling an additional 3.22 million units. Nintendo's mobile and IP-related business saw a 133.3% year-over-year increase in sales to $365.8 million. The company's strong performance has led to an increased profit forecast, with predicted net sales of $10.6 billion, operating profit of $3.3 billion, and ordinary profit of $4 billion for the full year.