Nintendo announced on the 5th that it will lower its sales plan for the game console “Nintendo Switch” for the fiscal year ending March 2022 to 24 million units. The semiconductor shortage continued in the second half of the year, and it was judged that it would be difficult to produce enough to meet the growing demand toward the end of the year.
Sales in the first half were 8.28 million units. President Shuntaro Furukawa, who met, said, “There was no noticeable shortage of goods, but we could not produce enough to meet the expected demand for the (end of the year) holiday sales season. There is no sign that the semiconductor shortage will improve at this time. The situation continues. “
As of August, when the first quarter financial results were announced, the full-year plan was 25.5 million units.
However, at the same time, the company revised its full-year consolidated operating profit forecast upward to 520 billion yen, down 18% from the previous year. Although the number of switches sold was lower than planned, profits were boosted by the effect of an increase in sales of 24 billion yen due to the depreciation of the yen in the first half of the year and the resulting increase in the sales composition ratio of software with a larger profit margin than hardware. Expected to lead to.
The operating profit forecast as of August was 500 billion yen, down 22% from the previous year. It did not reach the consensus forecast of 607.9 billion yen for 18 analysts compiled by IBES.
The full-year sales plan for software has been revised upward from 190 million units to 200 million units.
James Warren is a writer, author, and news reporter for Hiccupsandkicks.com. He has written articles about the latest tech news and products facts, as well as health related topics.