Nintendo Revises FY3 / 20 Outlook Loosts Switch Sales

Nintendo  announced on March 30 that it has revised up its consolidated operating income forecast for the fiscal year ending March 2020 to ¥ 300 billion, up 20.1% from the previous year. Sales of switch and home video game consoles were strong, and the full-year sales forecast was revised upward.

The sales forecast for the switch family, which combines the switch and the portable “Switch Light” released in September, is estimated to be 19.5 million units from 18 million units and 140 million units from 125 million units for software. Each raised.

With respect to the year-end dividend, the previous forecast of 490 yen per share was raised to 620 yen, and the annual dividend forecast was 890 yen (compared to 810 yen in the previous fiscal year).

President Shuntaro Furukawa said at the meeting that the effects of the spread of the new coronavirus infection “have had a considerable effect on production plans.”