Nintendo Shows Strength on New Games in Financial Results

NintendoAs reported by Bloomberg News on Wednesday, Nintendo posted second-quarter profits that beat analyst estimates, helped by a weaker yen that boosted the value of overseas sales and demand for new games, including the company’s Super Smash Bros. and Mario Kart 8. Net income was 24.2 billion yen, or $224 million, for the three months ended September 30, compared to an 8 billion yen loss a year earlier.

The company booked a 15.5 billion yen gain in the fiscal first half from the weaker Japanese currency. Second-quarter sales fell to 96.7 billion yen from 115 billion yen a year ago, but Nintendo left unchanged its forecast for full-year profit of 20 billion yen and sales of 590 billion yen. The company maintained its projection to sell 3.6 million Wii U consoles across the full year.

In a statement, Nintendo also maintained its full-year sales targets for the 3DS handheld player and software titles for both. The newest version of the 3DS, which features additional buttons and a faster processor, went on sale in Japan on October 11; and Super Smash Bros. for 3DS, which was released in Japan on September 13, and in North America and Europe on October 3, sold 3.2 million units as of the end of the month. The company is also entering the multi-billion-dollar, collectible toy market with its amiibo figurines, which let players enter a Nintendo character into a game through the Wii U’s GamePad tablet.

Nintendo Enters Toys to Life Category with amiibo

AmiiboAt the Electronic Entertainment Expo (E3) video game trade show in Los Angeles, Nintendo began showcasing new interactive figures called amiibo, which feature popular Nintendo characters. The company’s entry into the toys to life category, amiibo can interact with Wii U and Nintendo 3DS games in unique ways.

Nintendo will launch the new amiibo line this year with 10 figures, and more during the holiday season and throughout next year. Super Smash Bros. for Wii U will be the first game to support the figures, and upcoming games include Mario Kart 8, Captain Toad: Treasure Tracker, Mario Party 10, and Yoshi’s Woolly World. A new NFC reader/writer designed for Nintendo 3DS is scheduled to launch next year.