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Nintendo (NTDOY) forecasts 19.3% drop in FY 2025 revenue

Nintendo issued financial results for FY 2024 today alongside a cloudy FY 2025 forecast for the Mushroom Kingdom.
Asif Khan
Asif Khan
2

Nintendo is out with earnings results for FY24, and while the company did actually put together a decent 2024, the FY25 guidance paint a painful picture for Princess Peach and the Mushroom Kingdom. Nintendo expects sales to fall 19.3% and earnings to fall 38.9% in FY25. 

Screenshot of Nintendo FY25 financial forecast.

Source: Nintendo

With the Nintendo Switch successor likely slipping into the next calendar year, the company still expects to sell 13.5 million console units in the upcoming year. This is the eighth trip around the sun for Nintendo's hybrid handheld home console.

Nintendo President Shuntaro Furukawa did take to Twitter to announce that the successor to the Nintendo Switch will be announced within FY25, which ends on March 31, 2025.

Here's a link to the Nintendo's FY24 earnings release.

Looks like the Nintendo Switch console and its already epic library of great games will have to carry fans for another year. FY24 did have some bright spots with Mobile/IP related income growing 81.6% from the prior year driven by the wildly successfuly Super Mario Bros. Movie.

This article is only meant for educational purposes, and should not be taken as investment advice. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.

Full Disclosure:

At the time of this article, Shacknews primary shareholder Asif A. Khan, his family members, or his company Virtue LLC had the following positions:

Long Nintendo via NTDOY shares

CEO/EIC/EIEIO
CEO/EIC/EIEIO

Asif Khan is the CEO, EIC, and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

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  • Shacknews legacy 10 years legacy 20 years
    reply
    May 7, 2024 12:10 AM

    Asif Khan posted a new article, Nintendo (NTDOY) forecasts 19.3% drop in FY 2025 revenue

    • metralgia legacy 10 years legacy 20 years mercury ultra mega
      reply
      May 7, 2024 7:57 AM

      Not as bad a forecast as I expected.

      I wonder whether or not revenue from the switch2 is included in that. If it is, they’re expecting a a real snoozer of a year until the launch. Given how well they did this past FY with just ToTK and Mario Wonder as their blockbuster releases (sad pikmin4 isn’t selling more!). 32 million copies between those two.

      Back of the envelope calc is 300b yn decrease in revenue forecast. That’s essentially last year sans those two games. So their “baseline” business is just super solid it seems to me. They still sold 8 million copies of mariokart last year. 8 million!! If they switch2 revenue is included in that forecast they’re either being EXTREMELY conservative with the baseline revenue for the year or their sales figures for the switch2.

      If it isn’t then man oh man is next year gonna be a whopper and buy buy buy.

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