TOKYO — Nintendo, a Japanese video game company, announced on Tuesday that it will provide details regarding a Switch home console replacement before March 2025.
Nintendo did not provide any information regarding the announcement when releasing its financial results, including if it will only announce its plans for the replacement product or debut it during this fiscal year.
“Within this fiscal year, we plan to reveal details on the Nintendo Switch successor. Nintendo Switch was first unveiled in March 2015. Thus, it will have been more than nine years since then, according to a statement from Shuntaro Furukawa, president of the business.
Nintendo To Announce Switch Successor In This Fiscal Year As Profits Rise
The fiscal year that concluded in March saw a 13% increase in earnings for Kyoto-based Nintendo Co. This was due to strong demand for Switch titles such as “The Legend of Zelda: Tears of the Kingdom.”
Nintendo increased its net profit from 432.7 billion yen to 490.6 billion yen ($3 billion) during the fiscal year that ended in March 2024. Sales increased 4% annually to 1.67 trillion yen ($11 billion), with almost 80% coming from outside of Japan.
Nintendo reports that in addition to “The Legend of Zelda,” which sold 20.6 million units worldwide during the fiscal year, “Super Mario Bros. Wonder” sold 13.4 million units, and “Pikmin 4” sold about 3.5 million units.
Nintendo To Announce Switch Successor In This Fiscal Year As Profits Rise
The Super Mario Bros. Movie’s release a year ago also helped sales.
Additionally beneficial was the yen’s depreciation versus the dollar, which increases the value of Japanese exporters’ foreign earnings in yen, such as Nintendo. Over the last fiscal year, the U.S. dollar has averaged roughly 151 Japanese yen, up from 133 yen the year before.
Nintendo was less enthusiastic about its financial results for the fiscal year through March 2025, predicting net profit to drop to 300 billion yen ($1.9 billion). Nintendo did not provide quarterly data.
Nintendo has sold over 141 million Switch units, with 15.7 million of those sales occurring in the recently ended fiscal year.
Providing a consistent flow of entertaining games is essential because these sales tend to decrease steadily over time.
Nintendo To Announce Switch Successor In This Fiscal Year As Profits Rise
This month, “Endless Ocean Luminous,” a virtual scuba diving experience that included whales, vibrant fish, and other aquatic species, went on sale. Next month, the plumber Mario’s sibling will appear in “Luigi’s Mansion 2,” which will go on sale.
Nintendo is also preparing a new movie for a global release in April 2026. It hopes to attract more fans to its property with the later this year debuts of Donkey Kong Country at Universal Studios Japan and a Nintendo museum in Kyoto.
SOURCE – (AP)
