FILE - In this Jan. 23, 2020, file photo, Nintendo characters, including Mario, right, are seen on a glass of its official store in Tokyo. Nintendo Co.’s profit for the fiscal year ended in March jumped 86% on healthy sales of the Switch handheld machine as people staying at home over the pandemic turned to video games. (AP Photo/Jae C. Hong, File)

FILE - In this Jan. 23, 2020, file photo, Nintendo characters, including Mario, right, are seen on a glass of its official store in Tokyo. Nintendo Co.’s profit for the fiscal year ended in March jumped 86% on healthy sales of the Switch handheld machine as people staying at home over the pandemic turned to video games. (AP Photo/Jae C. Hong, File)

Nintendo profits boom as people stuck at home play games

Sales rose 34 per cent

TOKYO — Nintendo Co.’s profit for the fiscal year that ended in March jumped 86 per cent on healthy sales of its Switch handheld machine as people stayed home due to the pandemic, turning to video games for entertainment.

Annual profit for the Japanese maker of Super Mario and Pokemon games totalled a record 480.4 billion yen ($4.4 billion), up from 258.6 billion yen the year before. The results, released Thursday, were better than the company’s internal profit forecast of 400 billion yen ($3.7 billion).

Sales rose 34 per cent to 1.76 trillion yen ($16 billion), the company said.

In game software sales, demand remained strong for “Animal Crossing: New Horizons,” with 20.85 million units sold for cumulative sales of 32.6 million units. “Mario Kart 8 Deluxe” and “Ring Fit Adventure” also were popular.

Kyoto-based Nintendo said digital downloads for the Switch also did well, helping to support its bottom line.

But Nintendo said it didn’t expect such good fortune to persist through the current fiscal year, which ends in March 2022. It is forecasting a 29 per cent drop in profit to 340 billion yen ($3 billion).

Nintendo said it has attractive games in the works, including a collaboration in the mobile sector with Niantic on an application featuring Pikmin for smart devices. It expects to release that in the second half of 2021.

Other software titles planned for global release later this year include “Mario Golf: Super Rush,” and “The Legend of Zelda: Skyward Sword HD.” A new Pokemon game is planned for late 2021, according to Nintendo.

Nintendo is among companies that have thrived during the pandemic, which is wreaking havoc on the global economy overall.

Its Super Nintendo World theme park in Osaka, Japan, built with Universal Studios, opened in March after a delay due to the pandemic.

But it closed soon afterward because Osaka is one of several areas under a state of emergency due to a surge of new coronavirus cases.

The state of emergency began last month and is certain to be extended beyond its May 11 end, as all such large-scale facilities are being asked to close.

By The Associated Press

video games

Just Posted

Alberta Premier Jason Kenney arrives at the 2021 budget in Edmonton on Thursday, Feb. 25, 2021.THE CANADIAN PRESS/Jason Franson
Alberta launches COVID vaccine lottery with million-dollar prizes to encourage uptake

The premier says the lottery will offer three prizes worth $1 million a piece, as well as other prizes

Dharmesh Goradia, and his daughter Vidhi and wife Chaitali, at the 2017 festival for the Godess Durga, held at the Golden Circle. (Photo contributed)
Draft curriculum misses the mark for central Alberta Hindu society

Meeting scheduled with Alberta Education officials

Air Canada planes sit on the tarmac at Pearson International Airport during the COVID-19 pandemic in Toronto on Wednesday, April 28, 2021. Air Canada says it will recall more than 2,600 employees who were furloughed during the COVID-19 pandemic. THE CANADIAN PRESS/Nathan Denette
Alberta’s tourism sector hurt by COVID-19 pandemic: ATB Financial

Between border closures, public health measures and hesitancy to travel, Alberta’s tourism… Continue reading

Canadian Prime Minister Justin Trudeau participates in a plenary session at the G7 Summit in Carbis Bay, England on Friday June 11, 2021. THE CANADIAN PRESS/Adrian Wyld
Canada donating 13M surplus COVID-19 vaccine doses to poor countries

Trudeau says the government will pay for 87 million shots to be distributed to poor countries

Indigenous Services Minister Marc Miller is seen during a news conference, Wednesday May 19, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Indigenous child-welfare battle heads to court despite calls for Ottawa to drop cases

Feds are poised to argue against two Canadian Human Rights Tribunal rulings

The Great Ogopogo Bathtub Race has been held in Summerland as a fundraising event. Do you know which Canadian city introduced this sport? (Black Press file photo)
QUIZ: A summer’s day at the water

How much do you know about boats, lakes and water?

A man wears a face mask as he walks by a sign for a COVID-19 vaccination site in Montreal, Sunday, May 16, 2021, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes
Canada paid a premium to get doses from Pfizer earlier than planned

OTTAWA — Canada paid a premium to get more than 250,000 doses… Continue reading

The Kamloops Indian Residential School in Kamloops, B.C., is shown in this 1930 handout photo. HO — Deschatelets-NDC Archives
Calls grow for Ottawa to review settlement decisions for residential school survivors

Lawyer Teri Lynn Bougie still cries when she talks about the final… Continue reading

Syringes are readied at a COVID-19 mobile vaccination clinic for members of First Nations and their partners, Friday, April 30, 2021 in Montreal. Most of the federal contracts for COVID-19 vaccines allow for Canada to donate some of its doses to other countries or international aid organizations and in at least three cases, for the doses to be resold.THE CANADIAN PRESS/Ryan Remiorz
Canada’s vaccine contracts allow for doses to be donated, in some cases resold

OTTAWA — Most of the federal contracts for COVID-19 vaccines allow for… Continue reading

Grand Chief Stewart Phillip, President of the Union of British Columbia Indian Chiefs, responds to the report on the National Inquiry into Missing and Murdered Indigenous Women and Girls, in Vancouver, on Monday June 3, 2019. As stories of the horrors of residential schools circulate after the Tk'emlups te Secwepemc First Nation announced it had located what are believed to be the remains of 215 children, Grand Chief Stewart Phillip of the Union of B.C. Indian Chiefs said he feels a connection with the former students. THE CANADIAN PRESS/Darryl Dyck
Two sides of the same coin: Ex-foster kids identify with residential school survivors

VANCOUVER — As stories of the horrors of residential schools circulate after… Continue reading

A woman sits and weeps at the scene of Sunday's hate-motivated vehicle attack in London, Ont. on Tuesday, June 8, 2021. Four members of a family in London, Ont., are set to be buried today. The public has been invited to help celebrate the lives of Talat Afzaal, 74, her son Salman Afzaal, 46, his wife Madiha Salman, 44, and their 15-year-old daughter Yumna Salman.THE CANADIAN PRESS/ Geoff Robins
Funeral to be held today for London family killed in attack

LONDON, Ont. — Four members of a Muslim family killed in what… Continue reading

Canadian Prime Minister Justin Trudeau and United States President Joe Biden listen to United Kingdom Prime Minister Boris Johnson deliver opening remarks at a plenary session at the G7 Summit in Carbis Bay, United Kingdom Friday June 11, 2021. THE CANADIAN PRESS/Adrian Wyld
Trudeau to discuss foreign policy with G7 leaders at second day of summit meeting

CARBIS BAY, CORNWALL, ENGLAND — Foreign policy is on the agenda for… Continue reading

Most Read