Nintendo announced its fourth quarter and full year consolidated financial results for fiscal year ended on March 31, 2018. Net sales for Q4 FY18 were ¥198.67 billion ($1.82 billion), an increase of 11.7%, compared to ¥177.97 billion ($1.63 billion) in Q4 FY17. Net profit for Q4 FY18 was ¥4.42 billion ($41 million), compared to the net loss of ¥394 million ($3.61 million) in Q4 FY17.
Net sales for fiscal year 2017 ended on March 31, 2018 were ¥1055.68 billion ($9.68 billion), an increase of 115.8%, compared to ¥489.09 billion ($4.48 billion) in FY17. Net profit for FY18 was ¥139.59 billion ($1.28 billion), an increase of 36.1%, compared to ¥102.57 billion ($940 million) in FY17.
The growth in revenues was primarily driven by sale of 15.05 million Nintendo Switch units and 10.41 million units of Super Mario Odyssey, which has been a major hit with audiences worldwide.
The company’s outlook for the fiscal year ending March 31, 2019 states that the company is expecting net sales of ¥1,200.0 billion ($11.0 billion) with net profit of ¥165.0 billion ($1.51 billion).
