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Forums - Sales - Nintendo FY 3/2009 Earnings Results & Projections: Coming May 7

http://www.nintendo.co.jp/ir/index.html

It looks like on May 7 - Japan time - Nintendo will announce its fiscal year results for the year ending March 2009 and it will issue projections for the year ending March 2010. I'm on the east coast of the USA - these results tend to come in about 3:30 am my time, which is ~26 hours from this post because Japan time is 12 hours ahead of east coast usa time usually.

As the most powerful videogame only company in the world, Nintendo usually releases alot of relevant information in its reports, including regional breakdowns, and what they are seeing as far as trend changes, so whether you like Nintendo or not there is alot that can be learned from reading their reports.

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For Fiscal Year 3/2009  Nintendo made the following projections:

April 2008 projection: 25m Wiis, 177m Wii games, 28m DS, 187m DS games

July 2008 projection: Unchanged

August 2008 projection: 26.5m Wiis, 186m Wii games, 30.3m DS, 197m DS games

October 2008 projection: 27.5m Wiis, 200m Wii games, 30.5m DS, 207m DS games

January 2009 projection: 26.5m Wiis, 193m Wii games, 31.5m DS, 193m DS games

For Fiscal Year 3/2008 Nintendo made the following projections:

April 2007 projection: DS HW 22m, DS SW 130m, Wii HW 14m, Wii SW 55m

July 2007 projection: DS HW 26m, DS SW 140m, Wii HW 16.5m, Wii SW 72m

October 2007 projection: DS HW 28m, DS SW 165m, Wii HW 17.5m, Wii SW 97m

January 2008 projection: DS HW 29.5m, DS SW 179m, Wii HW 18.5m, Wii SW 115m

Actual FY 3/2008 Results: DS HW 30.31m, DS SW 185.62m, Wii HW 18.61m, Wii SW 119.6m

So Nintendo beat its initial FY 3/2008 projections for DS HW by FY 3/2008 by 8.3m (!!), DS SW by 55.6m (!!),  Wii HW by 4.61m (!!), and Wii SW by 64.6m (!!)...shipping over 300m games instead of the projected 185m, and 49m units of hw instead of the projected 36m. Obviously this is what inflated Nintendo's stock price in 2007 - these were unprecedented results in gaming. Sony's best sw year was 268m games in production shipments.

For FY 3/2009, if Nintendo meets its January projections for the March 2009 year, DS hw looks like it beat Nintendo's initial estimate by over 12%, DS sw by 3% while Wii hardware is 6% above the original estimate, and Wii sw is 9% above the original estimate.

I'm expecting DS SW to be closer to 200m on retailers more aggressively restocking key games ahead of the DSi launch, and DS hw may be a bit higher than 31.5m too. Wii should come in at 26.2m and 195m I figure.

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March 2010 Projection Trends to Watch For:

- Iphone/PSP2 (PSP-Go if one of them exists!) threat to DS sales. If Nintendo sees a threat look for DS sales to be down otherwise DS should be flat or up - probably 30-33m.

- Price cuts. In Japan a PS3 price cut right now would seriously hurt Wii. Nintendo may choose to cut the Wii price in Japan to counteract this. Western markets look ok through at least this Christmas regardless of PS3/360 price cuts as unemployment rates of 8-10% don't bode well for $400 consoles with $60 games.

- Wii HW/SW. How big is Motion Plus? If Nintendo expects it to be big look for Wii to be forecast at 28m - 33m for the FY, with 200m-280m games shipped for the year. Otherwise, look for maybe 23m-28m with 175m-230m games on Wii. If Wii gets price cuts worldwide, which is unlikely, I don't think 35m or 40m would be out of the question. A price cut in Japan would assure 25m+ though.

I'm expecting 28m-30m Wiis projected, with about 230m games projected for Wii (the average Wii owner buying ~3 games in a year - it seems doable). DS I think will be up slightly on the DSi launch. Who know what they'll project though. DS has beaten its projections every year since it was launched I believe. 32.5m and 205m I think are doable, especially since DS will have a good May-July with DQIX and Kingdom Hearts, and the system should have its best western Christmas this year...which is scary since it did 3m+ in December just in the USA last year.

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Thoughts?



People are difficult to govern because they have too much knowledge.

When there are more laws, there are more criminals.

- Lao Tzu

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Very interesting topic, that's for sure.
Tomorrow I'll get up at 5:00 AM jus to follow it (Italian folk here), just like I did with their conference back in October. I haven't understood yet whether they're gonna hold a briefing or it's gonna be just about sales. According to me, that's a great time to show off what they're cooking up for the rest of the year, don't ya think?

I'm not a big expert sales wise, so I don't think to be able to do good predictions: anyway, I think that the 30 milions goal in one year is a bit too high: 25 would be my guess.
I'm interested to know what they're waiting from Wii Sports Resort worldwide: I don't think it may be a big seller like the first one, yet I'm sure that it will outsell at least Wii Play, so I'd be glad to know how Nintendo thinks of it.
Anyway, I'm pretty hyped.

 

EDIT: Another little question: they're gonna talk of FY 2009?

I entered their site and it clearly says that it's gonna be about the 2009.
So we won't have news from the past one?
Please, explain me, I'm such a newbie :(



I'd say 30m is possible.



Bet between Slimbeast and Arius Dion about Wii sales 2009:


If the Wii sells less than 20 million in 2009 (as defined by VGC sales between week ending 3d Jan 2009 to week ending 4th Jan 2010) Slimebeast wins and get to control Arius Dion's sig for 1 month.

If the Wii sells more than 20 million in 2009 (as defined above) Arius Dion wins and gets to control Slimebeast's sig for 1 month.

RolStoppable said:
Captendo said:

EDIT: Another little question: they're gonna talk of FY 2009?

I entered their site and it clearly says that it's gonna be about the 2009.
So we won't have news from the past one?
Please, explain me, I'm such a newbie :(

Nintendo's fiscal year 2009 covers the period from April 1st 2008 to March 31st 2009.

 

 

Thank you, I thought it was from Aprils 1st 2009 to March 31st 2009.

Thank you very much ;)



Five hours



People are difficult to govern because they have too much knowledge.

When there are more laws, there are more criminals.

- Lao Tzu

Around the Network

Will be interesting to see the results. I wish Nintendo would cut the price of a new DS lite to about $99 considering the DSi is now released. I have no interest in a DSi since it doesn't have a GBA slot but I still want to pick up a DS lite.



@The source

I know this may seem somewhat off topic but when do you suspect famitsu will be released?



 

mM

Five hours... sad thing is I'll probably be awake thanks to finals. Argh.



All Japan data comes in a little later for Golden Week unless the entirety of the holiday week falls within the sales tracking-week. There is a break in the middle of Golden Weeks, which is why we got data for the preview on time but the rest of the data - whether our data, Famitsu, Media Create, Dengeki or whatever arrives when people return from the Japanese holidays.

It would be like expecting NPD to report weekly data on July 4 for the week ending July 4. Not happening - workers are off, ergo the data is a bit delayed.

Data should be out between Thursday and Tuesday Japan time.



People are difficult to govern because they have too much knowledge.

When there are more laws, there are more criminals.

- Lao Tzu

What time in japan exactly is it being released, after business trading hours?



“When we make some new announcement and if there is no positive initial reaction from the market, I try to think of it as a good sign because that can be interpreted as people reacting to something groundbreaking. ...if the employees were always minding themselves to do whatever the market is requiring at any moment, and if they were always focusing on something we can sell right now for the short term, it would be very limiting. We are trying to think outside the box.” - Satoru Iwata - This is why corporate multinationals will never truly understand, or risk doing, what Nintendo does.