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People don't understand that bottom of line is profit at end, not operating income.

And if we look profit, things are quite difrent.

FY3/2012

 FY3/2013 FY3/2014 FY3/2015 FY3/2016
Net sales 647,652 635,422 571,726 549,780 504,459
Operating income -37,320 -36,410 -46,425 24,770 32,881
Ordinary income -60,863 10,482 6,086 70,530 28,790
Profit attributable to owners of parent -43,204 7,099 -23,222 41,843 16,505
Net income per share (yen) -337.86 55.52 -183.59 353.49 137.40
Total assets 1,368,401 1,447,878 1,306,410 1,352,944 1,296,902
Total net assets 1,191,025 1,227,520 1,118,438 1,167,556 1,160,901
Capital adequacy ratio 87.0% 84.8% 85.6% 86.3% 89.5%
Net assets per share (yen) 9,313.15 9,598.22 9,447.00 9,862.52 9,662.73

https://www.nintendo.co.jp/ir/en/finance/2015_04.html