- Nintendo Co Ltd NTDOY reported FY21 net sales growth of 34.4% year-on-year to ¥1.76 trillion.
- Net sales from the dedicated video platform rose 35.6% Y/Y to ¥1.7 trillion, Net sales from mobile and IP-related income rose 11.3% Y/Y to ¥57 billion, while revenue from playing cards declined 41.9% Y/Y to ¥1.7 billion.
- Under Hardware, Nintendo Switch and Nintendo Switch Lite sales rose 37% Y/Y and 37.3% Y/Y to 20.32 million units and 8.51 million units. Software sales rose 36.8% Y/Y to 230.88 million units.
- Gross profit rose 51.2% Y/Y to ¥970.4 billion, with the margins expanding 610 basis points to 55.2%.
- Operating profit rose 81.8% Y/Y to ¥640.6 billion. The margin expanded 950 basis points to 36.4%.
- Net profit rose 85.7% Y/Y to ¥480.3 billion with 750 basis points margin expansion to 27.3%.
- The company held ¥1.19 trillion in cash and equivalents and generated ¥612.1 billion in operating cash flow.
- Guidance: Nintendo sees FY22 net sales, operating profit, and net profit at ¥1.6 trillion, ¥500 billion, and ¥340 billion.
- Price action: NTDOY shares traded lower by 5.85% at $68.07 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in