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The collapse of Nintendo Switch sales forces the company to act

Japanese developer and publisher of video games and game consoles Nintendo It closed its fiscal year ended March 31, with…

By admin , in news , at May 10, 2022


Japanese developer and publisher of video games and game consoles Nintendo It closed its fiscal year ended March 31, with a net due profit of 477,691 million yen (3,468 million euros), representing a 2.7% decline compared to the previous year’s result. A division of its shares, by which each existing title shall be divided into ten new ones.

over 20 million

Nintendo’s net sales fell 3.6% year over year to 1.69 billion yen (12,270 million euros), with a 20% drop in the number of units sold for its console Nintendo Switch,

In the last fiscal year, the Japanese sold a total of 23.06 million units, down from 28.83 million last year. Since its market launch, the game console has achieved sales of 107.65 million units.

Similarly, in view of the current financial year, Nintendo Nintendo Switch sales declined, with 5.6 trillion yen (11,620 million euros) in revenue. up to 21 million units.

stock split

On the other hand, the Board of Directors of the company has agreed to split the shares of NintendoThereby, each existing share of the company will be divided into ten new ones.

particular, Nintendo has indicated that the next 30 September will be the last date before the ‘Partition’ goes into effect, with effect from October 1, 2022, and the number of company titles thereafter will increase to 1,298.69 million.