Nintendo's Net Profits Reached $1bn In The Last Quarter, A 541% Rise Year-On-Year

No doubt lock-down helped with ACNH.

And I have to read twitter comments every day about how Nintendo is doomed because a bunch of random says. lol those same people said that this quarter would make switch lose steam but it clearly won't.

@Nemesis666 Don't listen to twitter. Nintendo has a gold mine with the Switch. It's comparable to the Wii, though the games are better on the Switch.

Also you don't need a new game each month, before the Switch this was never the case. So why should this be any different?

I've gone off Animal Crossing in all honesty, but I'm sure there's still a crazy number of people out there playing it. Nintendo must be thinking about paid DLC after they hit that 1-year free update mark. Although they've done nothing for Mario Kart Deluxe and I assume that's the number 1 best seller? They really are a mystery sometimes.

Also, if they're expecting to beat these profits year-on-year then they really need to get to announcing some new games...

No doubt they are deliberately holding their cards close to their chest. They don’t need a boost. They take their time now to make their games better for the moment they do need their boost.

Probably start of next year, when their competition has some new toys on the market.

Still it seems their are reaping the rewards of what the 2 latest Nintendo Presidents sowed . The current one seems to be stiring the boat down the drain again

@Nemesis666

"twitter" That's your mistake right there.

@Hobbesyall

You what?

Rubbish.

Back in 2016, Nintendo set a goal of returning the company to a profitability level of ¥100 billion per year after the 3DS and Wii U doldrums sent them to years of historically low profits and even losses.

Now in 2020, Nintendo earned ¥106 billion of operating profit during the last quarter alone. It's the biggest non-holiday quarter of operating profit in the company's history.

@Hobbesyall
I will make fake NL accounts just to like what you said more than once. Kimishima killed it as an Iwata successor, too bad they had to replace him with Furukawa. The guy hails from The Pokémon Company for crying out loud, that just screams anti-consumerism to me.

@AlexSora89 every move they make this year further convinces me of what I wrote! Didn’t know he hailed from Pokémon Company, but that’s a huge warning sign xD

With all that profit, I hope Nintendo can find it in their hearts to take a risk on some of their dormant IPs .

I also think this could be down to the general lack of game announcements, admittedly Covid has played a part but with sales and profit this high why keep announcing games, they don't need to...
They could be thinking lets just space the next games out and ride high in the meantime on the high profits...
You could actually find they ride out the next few month's with only Pikmin 3 Deluxe before Christmas then hit the ground running in 2021 with some further game announcements once PS5 and Series X are actually out...

@Hobbesyall

Examples?

@Collette
I believe they earned more profit than Sony's PlayStation division, not all of Sony.

@TheFullAndy The Lack of new games, the lack of new risks and generally relying on recycling content! All Signs of the crap state the Pokémon Company is in! Nintendo is showing signs of going down a path I don’t like, and for me It as a lot to do with Furukawa! Sadly he will turn a profit and keep the spot, we’ve seen this movie with EA, Activision and Bethesda. It will never get as bad with Nintendo, but this tarnishes the Image of Quality and pro consumerism Nintendo had in my eyes

So do they have enough money to remake the Mario games now?

@Hobbesyall I agree!

@Hobbesyall

You just learned he came from Pokemon Company 5 minutes ago from your mate.

Nintendo were recycling games on Switch long before Shuntaro Furukawa became President.

As for lack of games there is a world wide pandemic going on and it has become obvious Nintendo was not set up to be able to work from home so is taking longer to adjust. That would be a historic problem with the business that cannot be laid at Furukawa's feet alone if at all.

Just going to guess it all boils down to "waaaah I want a Direct"

@Hobbesyall Unfortunately sometimes great success breeds laziness.... I just hope that isn't the case but there is signs of this happening...
Nintendo is extreamly shrewd, I just hope they are keeping their cards close to their chest and have some good surprises to be announced down the line shortly...

@TheFullAndy yes I learned it 5 minutes ago but I matches my previous opinion. I still think I’m entitled to an opinion even if it’s very far from yours! Ever since this president took over Nintendo changed for the worst. I can accept you may think otherwise and time will tell :3

@Hobbesyall

Well let's hope you are wrong then as that works out for us all.

@BANJO Yep that’s what I meant

@spirit_flame No doubt, ACNH helped with lockdown

@TheFullAndy I hope I’m wrong as well, and it’s not a Andrew Wilson kind of deal xD

That rise in profit better make the next Switch as powerful as the Xbox Two.

Now that they have made a larger install base I hope they aim for the fence next. Let Xbox and Sony go first on stage, and then Nintendo 1st quarter of next year reveal a more expensive, but advanced Switch for the rumored Switch Pro.

Both kimishima and furukawa hail from the banking world and pokemon company.

Even Iwata had close ties to the pkmn company so that is a non argument tbh.

Furukawa is extending the line Iwata and kimishima said.

We will not know what this president is up to fully yet. Prob not next gen either as they will simply go for switch 2.

The generation after that is what will make a true deciding factor.

Also to suggest a game company wouldnt produce games or slow down on purpose is silly.

Maybe in release scedule they might. But they will always work on games as that is their income.

Its bad business if you stop production cause of a few good years which can turn around fast.

Suggesting that shows that no one here knows business or game design even.

Gotta remember.

A ton of ps5 games are prob alrdy ready or close to being rdy.
A pandemic wont stop what has alrdy been worked on for years, most projects from sony and Microsoft probs Alrdy finished a few months backs and are being worked on till release for now.

Nintendo has been in the middle of restarting development on some franchises and should be close to finishing up on others while being in the middle of others.

Zelda and mario come to mind on being close to having their sequel released.

Optimizing games should still be possible if we understand nintendo' s and Microsofts wording.

What comes after is what will really affect development. Building an engine is impossible to do now. Level design and enemy design / animations will have slowed down heavily for example as it will have to go through several members of a team. So lots of delay in those kinds of things

Edit: oops that was a bit long i guess

This is what happens when you delist discounted games from the Wii u shop and charge full price for the same games on the Eshop.

@superguy123 what I meant is expect Nintendo to go the minimal effort route, lazy remakes, low content games stuff like that, and I do think we will see it more in the long run.

@sixrings

Success?

@TheFullAndy Winning. It would be nice if they took some of those dollars and hired some extra help to get their games done faster.

@sixrings

They just need to keep doing what they are doing I would rather they do not rush their games.

People just need to understand these are not normal circumstances.

@TheFullAndy sorry maybe I should have said get their games out on what would be their normal time schedule. We all understand these aren't normal circumstances but I fear although we've only been home for say 6 months the games are more than 6 months behind schedule. That would be a real shame.

I agree no one wants rushed games.

@sixrings

I think, hope, what Nintendo is doing is making proper changes so they can work from home properly now so any other outbreaks it doesn't affect their schedule. But they need to take the time now to set everything in place for that hence the delays.

I am still confident we will get a number of first releases before years end.

All hail Nintendo!!! But now you need to invest that money into producing more new games and improving online services...

Nintendo’s slowest year ever!!!

@spirit_flame anyone who is saying it has those fanboy glasses firmly fused to their skull.

It feels weird to even think this is a good thing, or even celebrate it. I normally don’t celebrate news like this anyway, but it feels especially tone deaf to be excited by Nintendo’s current success when most of it's inflated because of a world crisis.

I’d rather have no one dying by a virus.

@sanderev not everyone likes the same software? It baffles me that fanboys don’t understand that not everyone sees Paper Mario and is satiated by it, as if that solves the drought.

Good job N! Now make me a happy stock holder and use this money to acquire at least one game studios, one (not more, but one) phone game studio and buy/open a movie studio
You need to hit hard now! That’s the time to become much bigger than ever!

@LUIGITORNADO Not really sure which angle your coming from... Without question, the virus is a current tragedy. People having something to distract them during lock-down's and employment furlough (myself), is a positive. ACNH is a remarkable piece of entertainment that is real time zen like nurturing that is perfect for this moment.

@Hobbesyall First of all, Furukawa was never part of TPC as an employee. He was the Nintendo representative of the board of directors since 2011. He never got out of the company and has been on there for years as executive, much like Iwata and Kimishima were before they became CEO.

Also, all the games from 2018 to 2019 has nothing to do with Furukawa but Kimishima's time. We only will see games from Furukawa in 2021 and beyond.

Shareholders and their obsession with quarterly profit margins are the cancer of our modern worldwide economy. I worry Nintendo is increasingly drinking the kool-aid under Kimishima and now Furukawa. Nintendo's stubbornness on Joysticks, the Switch's stale operating system including the eShop, and all the pervading issues with the Nintendo Switch Online service convince me that Furukawa is less worried about quality and more worried about profit margins.

This mirrors Tim Cook's guidance of Apple after the death of Steve Jobs, focusing on profit over quality, with rampant hardware issues like the butterfly keyboard fiasco and a steadily deteriorating OS; the parallel between the two companies and the transition between CEO's concerns me.