Nintendo’s revenue 50% from a year ago while net profit surged by 52%. Operating profit came in at 185.44 billion yen, ahead of expectations, jumping 82.4% year-on-year.
Prior to the fiscal first quarter, Nintendo had seen two straight quarters of revenue and
Nintendo saw a boost from the “The Super Mario Bros. Movie,” based on the company’s best-known characters, which has generated more than $1 billion at the box office since its April release. The film was produced by Universal Studios.
The Japanese gaming giant also released a highly-anticipated game called “The Legend of Zelda: Tears of the Kingdom” in May, which it said was the fastest selling title in the history of the series.
“In the first quarter of this fiscal year, both sales and profits were notably large for a first quarter mainly due to the concurrent releases of ‘The Super Mario Bros. Movie’ and ‘The Legend of Zelda: Tears of the Kingdom’, and we made steady progress toward our full-year earnings forecast,” Nintendo said in an earnings release.
Nintendo previously forecasted its revenue for the current fiscal year, which ends in March 2024, at 1.45 trillion yen and 340 billion yen of profit.