Nintendo : Financial Results Briefing for the 80th Fiscal Term Ended March 2020（Conference Call) - Financial Results Explanatory Material（with Notes) (1.6MB)

Fiscal Year Ended March 2020

Financial Results Explanatory Material

Nintendo Co., Ltd.

May 7, 2020

1

• We would like to start by extending our deepest sympathies to all those affected byCOVID-19. We would also like to express how deeply grateful we are to the medical staff and all those who are working hard to prevent the spread of this virus.

Nintendo Co., Ltd.

1

Information About Risks Related to COVID-19

• Impact on parts procurement, production, and shipments
• Impact on consumption activities
• Impact on research and development
• Impact of foreign exchange fluctuations

2

• As you are all aware, the impact ofCOVID-19 continues to expand. The emergency declarations and other regulatory restrictions in countries all around the world are growing both in duration and in scale, making it difficult to predict when things will return to normal.
• Taking this into account, we would like to talk about the possibility that the situation may affect Nintendo's future financial results.
• First, we would like to talk about the impact on parts procurement, production, and shipments. It appears that delays in production and shipping are gradually recovering. However, we may be affected if there continue to be issues involving the procurement of necessary components. In addition, if the impact ofCOVID-19 is prolonged or worsens further, it may disrupt the product supply.
• Second, we would like to discuss the impact on consumption activities. There are restrictions on sales channels in each country due to measures to prevent the spread of the virus including restrictions on movement outside the home and closure of retail stores, and this effect may be prolonged. Also, if physical distribution is suspended, we will not be able to sell hardware or packaged software throughe-commerce. In addition, there is a possibility that provision of those services offered via our network may be suspended in the event that we are no longer able to maintain the stability of our network systems.
• Third, we would like to discuss the impact on research and development. If the effects ofCOVID-19 are prolonged or worsen further, development schedules may be impacted due to the difference in development environments between working from home and in the office. In particular, the impact to overseas subsidiaries and

Nintendo Co., Ltd.

2

other affiliated companies involved in development is anticipated to be even more difficult to predict than within Japan. As a result of these factors, we may not be able to proceed with the release of Nintendo products and the start of services as planned. This is also true for other software publishers, so it may not be possible to provide game content on Nintendo platforms as planned.

• Fourth, we would like to discuss the impact of foreign exchange fluctuations. If foreign exchange fluctuations occur due to changes in the economic conditions of each country caused by the impact ofCOVID-19, any deviation from the assumed exchange rates in our financial forecasts may affect our financial results.
• Furthermore, both direct and indirect risks exist which are difficult to foresee and may affect our financial results. The situation regarding COVID- 19 is changingday-by-day around the world, so we will carefully monitor trends while continuing to gather information and taking the measures necessary to minimize the impact of these concerns.

Nintendo Co., Ltd.

2

1. Consolidated Financial Results and Outlook

3

• We would now like to talk about our consolidated financial results for the fiscal year ended March 2020 and the consolidated financial forecast for the fiscal year ending March 2021.

Nintendo Co., Ltd.

3

Consolidated Financial Highlights

FY19FY20 Comparison

Net sales	1,200.5	bn yen	1,308.5	bn yen	+9.0	％
Operating profit	249.7	bn yen	352.3	bn yen	+41.1	%
Operating profit ratio	20.8	%	26.9 %	+6.1 pt.
Ordinary profit	277.3	bn yen	360.4	bn yen	+30.0	%
Net profit	194.0	bn yen	258.6	bn yen	+33.3	%
Net profit ratio	16.2	%	19.8 ％	+3.6 pt.

*Net profit: Profit attributable to owners of parent

*FY = Fiscal Year: FY20 indicates the period between April 1, 2019 and March 31, 2020.

4

• Year-on-year,net sales for this financial year rose by 9.0% to 1,308.5 billion yen, operating profit rose by 41.1% to 352.3 billion yen, ordinary profit rose by 30.0% to
• 1. billion yen, and net profit attributable to owners of parent rose by 33.3% to
  1. billion yen.

Nintendo Co., Ltd.

4

Consolidated Sales

FY19

FY20

Comparison

Net sales	1,200.5 bn yen	1,308.5	bn yen	+9.0 %
Dedicated video game platform*1	1,152.6 bn yen	1,254.1	bn yen	+8.8 %
Mobile, IP related income, etc.*2	46.0	bn yen	51.2	bn yen	+11.5 %
Playing cards, etc.	1.9	bn yen	3.0	bn yen	+57.1 %

*1 Each platform includes hardware, software (including downloadable versions of packaged software, download-only software, add-on content, and Nintendo Switch Online) and accessories.

*2 Includes income from smart-device content and royalty income.

Effect of changes in foreign exchange rates on net sales: -37.3 billion yen

FY20 Regional Sales Ratio

8.8%	Japan
23.0%
The Americas
25.0%
	Europe
43.2%	Other
Proportion of overseas sales: 77.0%	5

• Next, we would like to give a breakdown of consolidated sales.
• Sales from our dedicated video game business grew by 8.8%year-on-year, to 1,254.1 billion yen. Sales of Nintendo Switch hardware and software remained strong, leading to an overall increase in sales despite the negative impact of a strong yen and the sharp decrease in sales for Nintendo 3DS hardware and software, as well as the Classic Edition series.
• Sales from mobile, IP related income increased from the previous fiscal year in bothsmart-device transactions and royalty income, resulting in a 11.5% increase overall to 51.2 billion yen.
• Other sales grew by 57.1% to 3.0 billion yen, partially due to Nintendo TOKYO, which opened this past fall.
• The impact of the exchange rate on net sales was a reduction of 37.3 billion yenyear-on-year.

Nintendo Co., Ltd.

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Gross Profit

		FY19	FY20	Comparison
Gross profit		501.1 bn yen	641.7	bn yen	+28.0 %
Gross profit ratio	41.7 %	49.0	％	＋7.3 pt.
		Main Variable Factors
		FY19	FY20	Comparison
Proportion of hardware	58.4 %	52.2		-6.2pt.
sales*1		%
Proportion of first-party	83.8 %	82.8		-1.0pt.
software sales*2	%
Proportion of digital	24.8 %	34.0		+9.2 pt.
sales*2		%
Average	1 USD	110.91 yen	108.74	yen	-2.17yen
exchange rate	1 Euro	128.41 yen	120.82	yen	-7.59yen
*1 Proportion of sales to total dedicated video game platform sales			6
*2 Proportion of sales to total dedicated video game platform software sales

• Next, we would like to take an itemized look at profits.
• Gross profit increased 28.0%year-on-year to 641.7 billion yen due to increased sales.
• While gross profit margin was negatively impacted by the strengthening of the yen, a rise in the proportion of sales largely made up of software and an increase in the rate ofhigh-margin digital sales were primarily responsible for an increase of 7.3 percentage points over the previous fiscal year, to 49.0%.

Nintendo Co., Ltd.

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Selling, General and Administrative Expenses / Operating Profit

	FY19	FY20	Comparison
Selling, general and
administrative expenses	251.4 bn yen	289.3	bn yen	+15.0 %
SG&A expenses-to-sales ratio	20.9 %	22.1	%	+1.2 pt.
Operating profit	249.7 bn yen	352.3	bn yen	+41.1 %
Operating profit ratio	20.8 %	26.9	%	+6.1 pt.

Effect of changes in foreign exchange rates on operating profit: approx. -20.0 billion yen

	FY19	FY20	Comparison
Research and development
expenses	69.6bn yen	84.1	bn yen	+20.9 %
Advertising expenses	75.4bn yen	76.0	bn yen	+0.8 %

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• Selling, General and Administrative expenses (referred to as SG&A expenses below) increased 15.0%year-on-year to 289.3 billion yen, and our SG&A expenses- to-sales ratio increased by 1.2 percentage points to 22.1%.
• This was mainly due to an increase in research and development expenses and an increase in transaction fees and other costs related to the growth in digital sales, resulting in an overall increase in SG&A expenses.
• Although SG&A expenses increased, operating profit increased 41.1%year-on-year to 352.3 billion yen due to the increase in gross profit on sales, and operating margin increased 6.1 percentage points to 26.9%.
• The effect of changes in foreign exchange rates at the operating profit level was a reduction of approximately 20.0 billion yenyear-on-year.

Nintendo Co., Ltd.

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Ordinary Profit and Net Profit

FY19

FY20

Comparison

Non-operating income

28.3bn yen

25.5

bn yen

-9.7%

included foreign exchange gains

5.4

bn yen

-

Non-operating expenses

0.6bn yen

17.4

bn yen+2,541.9 %

included foreign exchange losses

-

15.8

bn yen

Ordinary profit

277.3 bn yen

360.4

bn yen

+30.0 %

Net profit

194.0 bn yen

258.6

bn yen

+33.3 %

Net profit ratio

16.2

%

19.8

%

+3.6 pt.

*Net profit: Profit attributable to owners of parent

Exchange rate

FY19

FY20

Comparison

Dividends

FY19

FY20

Comparison

1 USD

110.99

yen

108.83 yen

-2.16

yen

Annual

810 yen

1,090 yen

+280 yen

1 Euro

124.56

yen

119.55 yen

-5.01

yen

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• While the strengthening of the exchange rate for the yen at the end of this period compared to the end of the previous fiscal year resulted in a foreign exchange loss of 15.8 billion yen, ordinary profit increased by 30.0% to 360.4 billion yen, primarily due to an increase in interest income from U.S. dollar deposits.
• Net profit attributable to owners of parent rose by 33.3% to 258.6 billion yen.
• As a result, the annual dividend per share for this fiscal year will be 1,090 yen.

Nintendo Co., Ltd.

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Consolidated Financial Forecast

FY20	FY21	Comparison
(Results)	(Forecast)

Net sales	1,308.5	bn yen	1,200.0	bn yen	-8.3%
Operating profit	352.3	bn yen	300.0	bn yen	-14.9%
Ordinary profit	360.4	bn yen	290.0	bn yen	-19.5%
Net profit	258.6	bn yen	200.0	bn yen	-22.7%
*Net profit: Profit attributable to owners of parent
*Estimated exchange rate for FY21: 1 USD = 105 yen, 1 Euro = 115 yen
	FY20
Dividends			FY21		Comparison
(Results)			(Forecast)
Annual	1,090	yen		840	yen	-250yen
Nintendo Switch	FY20			FY21		Comparison
(Results)			(Forecast)
Hardware	21.03	mil	19.00	mil	-9.6%
units	units
Software	168.72	mil	140.00	mil	-17.0%
units	units

*Software sales units for FY20 include the quantity bundled with hardware (3.40 million units).	9

• Next, we would like to talk about the consolidated financial forecast for the fiscal year ending March 2021.
• We forecast sales of 1,200.0 billion yen, operating profit of 300.0 billion yen, ordinary profit of 290.0 billion yen, and profit attributable to owners of parent of 200.0 billion yen. The assumed exchange rates are 105 yen per US dollar and 115 yen per euro.
• If we achieve the financial results we are currently forecasting, we expect that the annual dividend per share will be 840 yen.
• Our unit sales forecast for the full year is 19.00 million units of Nintendo Switch hardware and 140.00 million units of software.
• We are not disclosing the unit sales forecast of Nintendo 3DS because it has limited impact on our overall financial performance.
• We ask for your understanding thatCOVID-19 could impact this consolidated financial forecast, as mentioned at the beginning.

Note: Appropriate Use of Earnings Forecasts

Statements relating to future projections represent the judgments made by Nintendo management based on information that was available at the time they were written, and therefore include certain potential risks and uncertainties. Regarding the impact of COVID-19 on our earnings forecasts, production and sales volumes may decrease for a certain period of time, but we anticipate that production and sales will be able to meet demand for the full year and that we will be able to release software titles now in development as planned. That being said, there are many elements of uncertainty, so if there is a need to revise our earnings forecasts at a later date, we will promptly disclose those revisions. Please be aware that such risks and uncertainties may cause actual results to be materially different from these forecasts (including but not limited to earnings forecasts and dividend forecasts).

Nintendo Co., Ltd.

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2. Business Highlights

10

• We would like to turn now to our business highlights.

Nintendo Co., Ltd.

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Sales Status of Nintendo Switch (Sell-in)

FY19

FY20

Comparison

Hardware

16.95

mil

21.03

mil

+24.0 %

units

units

Nintendo Switch

16.95

mil

14.83

mil

-12.5%

units

units

Nintendo Switch Lite

-

6.19

mil

-

Pokémon Sword/ Pokémon Shield

units

17.37million units

Software

118.55

mil

168.72

mil

+42.3 %

units

units

Regional Hardware Unit Sales

Regional Software Unit Sales

25

200

20

Animal Crossing: New Horizons

Mario Kart 8 Deluxe

150

11.77million units

8.08million units

15

100

Number of million-seller titles (FY20)

10

50

27titles

5

include 18 Nintendo titles and

0

0

9 titles by other software publishers

FY19

FY20

(mil units)

(mil units) FY19

FY20

11

Japan

The Americas

Europe

Other

Japan

The Americas

Europe

Other

• First let's talk about Nintendo Switch sales.
• Sales for the entire Nintendo Switch family rose 24.0%year-on-year to 21.03 million units. That breaks down to sales of 14.83 million units of Nintendo Switch and 6.19 million units of Nintendo Switch Lite.
• Nintendo Switch sales continued at levels close to those of the previous fiscal year, and when you add in sales of Nintendo Switch Lite, just launched in September of last year, you see that sales of the entire Nintendo Switch family exceeded the good results of the previous fiscal year.
• Looking at software,Pokémon Swordand Pokémon Shieldposted sales of 17.37 million units, and Animal Crossing: New Horizonssold 11.77 million units, which is now the best start ever for a Nintendo Switch title. In addition to titles like Luigiʼs Mansion 3and Super Mario Maker 2that were released during this fiscal year, sales also continued to grow steadily for titles released in previous fiscal years like Mario Kart 8 Deluxe,and for titles from other software publishers. The total number of million-seller titles during this fiscal year reached 27 titles, including those from other software publishers.
• As a result, total software sales grew 42.3%year-on-year to 168.72 million units.
• As you can see by looking at sales by region, both hardware sales and software sales grewyear-on-year in every region.

Nintendo Co., Ltd.

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Nintendo Switch System Family Sell-Through

Note: Sell-throughrefers to units sold by retailers to consumers.

Japan

North America

Europe

Apr.-JuneJul.-Sept.Oct.-Dec.Jan.-Mar.Apr.-JuneJul.-Sept.Oct.-Dec.Jan.-Mar.Apr.-JuneJul.-Sept.Oct.-Dec.Jan.-Mar.

Previous: 3.80mil units		Previous: 6.35mil units		Previous: 4.49mil units
Current: 5.06mil units		Current: 7.67mil units		Current: 5.37mil units
(+33%)		(+20%)		(+19%)
					12
				Source: Nintendo, Media Create

• Previously, we have addressedsell-in, or the number of sales from Nintendo to retailers, but we would like to turn the discussion to sell-through, which is the number of sales made from retailers to consumers. This graph shows quarterly sell-through for the Nintendo Switch family. In all major regions, sell-through from January through March was higher than that of the same period in the previous fiscal year. In the Japanese market, the release of Animal Crossing: New Horizonsdrove hardware sales greatly, with console sell-through for the week of release reaching levels above weekly sell-through during the holiday season.
• Annualsell-through of the Nintendo Switch family in Japan during this fiscal year increased 33% over the previous fiscal year, with sell-through of 5.06 million units. The North American market saw a 20% rise over the previous fiscal year, to 7.67 million units. The European market saw a 19% rise over the previous fiscal year, to 5.37 million units.
• In the fourth quarter, the proportion ofsell-through for Nintendo Switch Lite to the entire Nintendo Switch family was higher than that of sell-in. This is because inventories for Nintendo Switch Lite, which was just launched last September, were relatively plentiful at the start of the new year in markets outside of Japan, and sell-through for the system grew significantly together with that of the flagship Nintendo Switch both before and after the release of Animal Crossing: New Horizons.
• Although the spread ofCOVID-19 impacted production and shipments in some regions during this fiscal year, the scope was limited. Nintendo Switch has been gaining momentum throughout the year, and has achieved widespread expansion compared to the previous fiscal year.

Nintendo Co., Ltd.

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Animal Crossing Series Comparative Sell-Through (JP/US/EUR)

13.41

10

5

0

(mil units）

Lifetime total

First 6 weeks

13

Includes system bundles and digital sales / Source: Nintendo, Media Create

• Combinedsell-through of Animal Crossing: New Horizons, released on March 20, exceeded 13 million units in the first six weeks for the three regions of Japan, the US, and Europe, making it the fastest-starting title for Nintendo Switch. Moreover, sell-through for Animal Crossing: New Horizonshas quickly exceeded the lifetime sell-through for the Nintendo 3DS entry Animal Crossing: New Leaf, making it the title with the highest sell-through in the Animal Crossing series.
  Not only have sales of the physical version exceeded our expectations, but demand for the digital version is also high, leading to a digital sales ratio never before seen in Nintendo Switch titles.
• In terms of consumer demographics, we are seeing a high percentage of players in their 20s and 30s who have likely played past entries in the Animal Crossing series, and a high overall percentage of female players, at over 40%. Among this group, many appear to have newly purchased a console in the Nintendo Switch family.

Nintendo Co., Ltd.

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Digital Sales

	FY19	FY20	Comparison
Digital sales	118.8 bn yen	204.1	bn yen	+71.8 %
Proportion of digital sales	24.8 %	34.0	％	+9.2 pt.

*Proportion to total dedicated video game platform software sales

*Sales of downloadable versions of packaged software, download-only software,

add-on content and Nintendo Switch Online, etc.
Downloadable versions of packaged software	Download-only software, add-on content
and Nintendo Switch Online, etc.

30.0%

FY20

Component ratio

of digital sales

70.0%

14

• Next, we would like to talk about our digital business on dedicated video game platforms.
• Digital sales for this fiscal year grew to 204.1 million yen, a 71.8%year-on-year increase. Software sales on our dedicated video game platforms contributed 34.0% of total digital sales.
• Downloadable versions of packaged software, especially Nintendo Switch software, made up 70.0% of the overall digital sales, and greatly contributed to growth.
• Other factors leading to growth include an increase indownload-only software that is not sold physically, including indie titles, and growth in add-on content sales for titles such as Super Smash Bros. Ultimateand Fire Emblem: Three Houses. In addition, Nintendo Switch Online contributed to sales throughout the year.

[Regarding calculation of digital sales]

In principle, sales of Nintendo software are recognized as gross sales while sales of software released by other software publishers are recognized as net sales.

Note: Sales commissions, which Nintendo receives based on contracts with other software publishers, etc. are recognized are revenue.

Nintendo Co., Ltd.

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Announced Title Releases for FY21

May 29

June 5

2020 in Japan

Release continuous updates	Part 1: Release by end of June 2020	Releases from June 2020 onward
Part 2: Release in fall of 2020
	15

• These are the title releases planned for the fiscal year ending March of 2021 that have already been announced. We plan to release not only new software titles, but also purchasable and free updates to already released software that will encourage consumers to continue playing on Nintendo Switch. We plan to introduce a succession of seasonal events forAnimal Crossing: New Horizons, paid add-on content for Pokémon Swordand Pokémon Shield, and begin releasing the fighters included in Fighter Pass Vol. 2 for Super Smash Bros. Ultimate.
• As mentioned in the beginning, if the effects ofCOVID-19 are prolonged or worsen further, we may not be able to proceed with the release of Nintendo products and the start of services as planned, so our future plans are subject to change.

Nintendo Co., Ltd.

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Mobile, IP Related Income, etc.

	FY19	FY20	Comparison
Mobile, IP related income, etc.	46.0bn yen	51.2	bn yen	+ 11.5%

* Includes income from smart-device content and royalty income

•	Addition of monthly subscription service	•	Addition of multiplayer feature
•	Large increase in active players	•	More than one third of all sales in US
			16

• Next, we would like to talk about our mobile and IP related businesses. Mobile, IP related income grew by 11.5%year-on-year to 51.2 billion yen.
• During this fiscal year, we began distribution of bothDr. Mario World(in July 2019) and Mario Kart Tour(in September 2019), bringing the total number of game applications we currently operate to six. The applications released in this fiscal year have contributed to our mobile application revenues, as has Animal Crossing: Pocket Camp, for which a subscription service was implemented last November. We are seeing a synergistic effect, with this application helping to spread awareness of Animal Crossing: New Horizonsfor Nintendo Switch, and our promotions for that title helping to greatly increase the number of active players of Animal Crossing: Pocket Camp.
• A multiplayer feature was added toMario Kart Tourin March. Since the addition of this feature, the number of active players has been continuously increasing, and there are also increasing numbers of players subscribing to Gold Pass. US consumers represent approximately one third of all players, and sales in the US account for more than one third of total sales.
• Please understand that we do not disclose details like the number of downloads and the sales revenues for individual applications.

Nintendo Co., Ltd.

16

IP Expansion Initiatives

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• We will now move on to our IP expansion business, in which we are continuing to implement a variety of initiatives.
• Clothing company Levi Strauss is selling products full of inspiration from the world of Super Mario, centered onstreetwear-inspired denim jeans, as well as T-shirts, polo shirts, hoodies, and other items.
• The LEGO Group announced LEGO Super Mario as a collaboration between LEGO and Super Mario. In this new product series from the LEGO Group, you move an interactive LEGO Mario figure around a course built from LEGO bricks, progressing and collecting coins.
• We will continue our efforts to increase opportunities for people to have access to Nintendo IP and increase the value of that IP, which is the source of our competitive edge.

Nintendo Co., Ltd.

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3. Reference

18

• This concludes our presentation. The following slides are provided as reference and include details published asSupplementary Informationfor previous fiscal years.

[Disclaimers]

The contents of these materials are based upon the information available and the judgments which can be made at the time of the announcement. Nintendo is not responsible for updating or changing these materials if the information presented changes due to future circumstances or for other reasons.

Also, forecasts referred to in these materials involve known and unknown risks and uncertainties. Please note that such risks and uncertainties may cause actual results to be materially different from the forecasts.

Nintendo Co., Ltd.

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Million-Seller Nintendo First-Party Titles

			units in ten thousands
		FY20			Life-to-date
Nintendo Switch	Global	including			Global
Japan	Overseas
Pokémon Sword/Pokémon Shield
1,737	452	1,285	1,737
Animal Crossing: New Horizons	1,177	384	793	1,177
Mario Kart 8 Deluxe	808	93	715	2,477
Luigiʼs Mansion 3	633	83	550	633
Super Mario Maker 2	548	116	432	548
Super Smash Bros. Ultimate	503	90	413	1,884
The Legend of Zelda: Breath of the Wild	464	45	418	1,741
The Legend of Zelda: Link's Awakening	438	43	395	438
Super Mario Party	370	62	309	1,010
New Super Mario Bros. U Deluxe	329	33	296	660
SUPER MARIO ODYSSEY	297	21	275	1,741
Fire Emblem: Three Houses	287	58	229	287
Ring Fit Adventure	273	89	184	273
Splatoon 2	143	45	98	1,013
Pokémon: Let's Go, Pikachu! Pokémon: Let's Go, Eevee!	134	14	120	1,197
Pokémon Mystery Dungeon: Rescue Team DX	126	36	89	126
MARVEL ULTIMATE ALLIANCE 3: The Black Order	108	4	104	108
ASTRAL CHAIN	108	16	91	108
[Note] Software sales units include the quantity bundled with hardware. Software sales units include their downloadable versions.	19

Nintendo Co., Ltd.

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Key Indicators

Proportion of Overseas Sales

FY20

Q1	Q2	Q3	Q4
76.5%	76.9%	78.6%	74.0%
76.8%
	77.8%
	77.0%
	FY19
Q1	Q2	Q3	Q4
76.6%	78.7%	77.7%	78.7%
77.8%
	77.7%
	77.9%

Proportion of Hardware Sales

FY20

Q1	Q2	Q3	Q4
50.5%	54.9%	57.4%	39.6%
53.2%
	55.6%
	52.2%
	FY19
Q1	Q2	Q3	Q4
51.7%	62.4%	61.2%	51.1%
57.8%
	59.9%
	58.4%

Proportion of First-Party

Software Sales

FY20

Q1	Q2	Q3	Q4
74.1%	76.0%	87.4%	85.1%
75.2%
	82.0%
	82.8%
	FY19
Q1	Q2	Q3	Q4
82.9%	71.0%	89.8%	80.3%
76.8%
	84.6%
	83.8%

* Proportion of overseas (outside of Japan) sales to total sales

*Proportion of hardware (including accessories)	* Proportion of first-party software sales to total
sales to total dedicated video game platform	dedicated video game platform software sales
sales
	20

Nintendo Co., Ltd.

20

Digital Sales Indicators

Digital Sales

Proportion of Digital Sales

Proportion of Downloadable Versions

in yen

of Packaged Software Sales

FY20

FY20

FY20

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

30.6 bn

40.9 bn

53.2 bn

79.2 bn

38.3%

34.8%

22.3%

48.5%

56.4%

64.5%

71.7%

76.9%

71.6 bn

36.2%

61.0%

124.9 bn

28.6%

65.6%

204.1 bn

34.0%

70.0%

FY19

FY19

FY19

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

18.5 bn

20.6 bn

45.0 bn

34.6 bn

24.2%

26.0%

19.6%

37.2%

59.3%

59.1%

78.7%

62.6%

39.1 bn

25.1%

59.2%

84.2 bn

21.8%

69.6%

118.8 bn

24.8%

67.6%

*Digital sales include (a) downloadable version of packaged software (the downloadable version of software that is offered both physically and digitally), (b) download-only software, (c) add- on content and (d) Nintendo Switch Online, etc.

*Proportion of digital sales to total dedicated video game platform software sales

* Proportion of downloadable versions of packaged software sales to total digital sales as indicated on the left: a/(a+b+c+d)

21

Nintendo Co., Ltd.

21

Supplementary Information on Our Website

Earnings Releases, etc.		IR Events
・Earning Releases		・Corporate Management Policy Briefing Presentation Materials
・Timely Disclosure of Information, etc.		・Financial Results Explanatory Materials, etc.
Financial Highlights		Dedicated Video Game Sales Units
・Consolidated Statements of Income	(Annual/ Quarterly)	・Total Unit Sales	(Life-to-date)
・Consolidated Balance Sheet	(Annual/ Quarterly)	・Unit Sales	(Annual/ Quarterly)
・Consolidated Cash Flows	(Annual)	・Number of Titles Released	(Annual)
・Key Figures per Share	(Annual)
・Geographical Sales Breakdown	(Annual/ Quarterly)
・Sales Breakdown by Category	(Annual/ Quarterly)
Top Selling Title Sales Units		Historical Data(Updated at fiscal year-end)
・Top selling Nintendo software sales units	・Consolidated Statements of Income Transition
on an accumulated basis		・Consolidated Sales Transition by Region
		・Number of Software Titles Released

*Corresponding pages on our website can be accessed by clicking on the titles above. *Financial Highlights will be updated within 2 business daysof our financial announcement. *Information previously available in Supplementary Informationcan be found at the following locations:

・Consolidated Statements of Income Transition → Financial Highlights

・Foreign Currency Transaction Information → Earnings Releases (Others, page 13)

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Nintendo Co., Ltd.

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Launch Dates of Primary Nintendo Products by Region (Apr. 2019〜Mar. 2020)

Nintendo Switch

	Japan		The United States		Europe
	Title	Launch Date	Title	Launch Date	Title	Launch Date
	(Hardware)		(Hardware)		(Hardware)
	Nintendo Switch Lite	9/20/2019	Nintendo Switch Lite	9/20/2019	Nintendo Switch Lite	9/20/2019
	(Software)		(Software)		(Software)
	Nintendo Labo Toy-Con 04: VR Kit	4/12/2019	Nintendo Labo Toy-Con 04: VR Kit	4/12/2019	Nintendo Labo Toy-Con 04: VR Kit	4/12/2019
	Super Mario Maker 2	6/28/2019	Super Mario Maker 2	6/28/2019	Super Mario Maker 2	6/28/2019
	MARVEL ULTIMATE ALLIANCE 3: The Black Order	7/19/2019	DRAGON QUEST BUILDERS 2 *	7/12/2019	DRAGON QUEST BUILDERS 2 *	7/12/2019
	Fire Emblem: Three Houses	7/26/2019	MARVEL ULTIMATE ALLIANCE 3: The Black Order	7/19/2019	MARVEL ULTIMATE ALLIANCE 3: The Black Order	7/19/2019
	TETRIS 99	8/9/2019	Fire Emblem: Three Houses	7/26/2019	Fire Emblem: Three Houses	7/26/2019
	ASTRAL CHAIN	8/30/2019	ASTRAL CHAIN	8/30/2019	ASTRAL CHAIN	8/30/2019
	The Legend of Zelda: Link's Awakening	9/20/2019	TETRIS 99	9/6/2019	DAEMON X MACHINA *	9/13/2019
	Ring Fit Adventure	10/18/2019	DAEMON X MACHINA *	9/13/2019	The Legend of Zelda: Link's Awakening	9/20/2019
	Luigiʼs Mansion 3	10/31/2019	The Legend of Zelda: Link's Awakening	9/20/2019	TETRIS 99	9/20/2019
	Pokémon Sword	11/15/2019	DRAGON QUEST XI S:	9/27/2019	DRAGON QUEST XI S:	9/27/2019
	Pokémon Shield	11/15/2019	Echoes of an Elusive Age - Definitive Edition *	Echoes of an Elusive Age - Definitive Edition *
	Dr Kawashima's Brain Training for Nintendo Switch	12/27/2019	Ring Fit Adventure	10/18/2019	Ring Fit Adventure	10/18/2019
	Tokyo Mirage Sessions #FE Encore	1/17/2020	Luigiʼs Mansion 3	10/31/2019	Luigiʼs Mansion 3	10/31/2019
	Pokémon Mystery Dungeon: Rescue Team DX	3/6/2020	Pokémon Sword	11/15/2019	Pokémon Sword	11/15/2019
	Animal Crossing: New Horizons	3/20/2020	Pokémon Shield	11/15/2019	Pokémon Shield	11/15/2019
			Tokyo Mirage Sessions #FE Encore	1/17/2020	Dr Kawashima's Brain Training for Nintendo Switch	1/3/2020
			Pokémon Mystery Dungeon: Rescue Team DX	3/6/2020	Tokyo Mirage Sessions #FE Encore	1/17/2020
			Animal Crossing: New Horizons	3/20/2020	Pokémon Mystery Dungeon: Rescue Team DX	3/6/2020
					Animal Crossing: New Horizons	3/20/2020
					[Note] Launch dates may differ within the United States and Europe regions depending on territories or countries.
					*This title is licensed to be sold as a Nintendo product.
Launch Schedule of Primary Nintendo Products by Region (extracts: Apr. 2020〜)
	Nintendo Switch
	Japan		The United States		Europe
	Title	Launch Date	Title	Launch Date	Title	Launch Date
	(Software)		(Software)		(Software)
	Xenoblade Chronicles Definitive Edition	5/29/2020	Xenoblade Chronicles Definitive Edition	5/29/2020	Xenoblade Chronicles Definitive Edition	5/29/2020
	Clubhouse Games: 51 Worldwide Classics	6/5/2020	Clubhouse Games: 51 Worldwide Classics	6/5/2020	51 Worldwide Games	6/5/2020
	Famicom Tantei Club: Kieta Koukeisha	2020	BRAVELY DEFAULT II *	2020	BRAVELY DEFAULT II *	2020
	Famicom Tantei Club: Ushiro ni Tatsu Shoujo	2020	Bayonetta 3	TBA	Bayonetta 3	TBA
	Bayonetta 3	TBA	Metroid Prime 4 (temp.)	TBA	Metroid Prime 4 (temp.)	TBA
	Metroid Prime 4 (temp.)	TBA	The sequel to The Legend of Zelda: Breath of the Wild (temp.)	TBA	The sequel to The Legend of Zelda: Breath of the Wild (temp.)	TBA
	The sequel to The Legend of Zelda: Breath of the Wild (temp.)	TBA
					[Note] Launch dates and titles etc. are subject to change.
					Launch dates may differ within the United States and Europe regions depending on territories or countries.
					*This title is licensed to be sold as a Nintendo product.
Upcoming Software Publishers' Title Lineup (extracts: Apr. 2020〜)
	Nintendo Switch
	Japan		The United States		Europe
	Title	Publisher	Title	Publisher	Title	Publisher
	KOWLOON YOHMA GAKUENKI: ORIGIN OF ADVENTURE	ARC SYSTEM WORKS	Borderlands Legendary Collection	2K	Borderlands Legendary Collection	2K
	Catherine: Full Body for Nintendo Switch	ATLUS	Bioshock: The Collection	2K	Bioshock: The Collection	2K
	Kotoba no Puzzle: Mojipittan Encore	BANDAI NAMCO Entertainment	XCOM 2 Collection	2K	XCOM 2 Collection	2K
	NAMCOT COLLECTION	BANDAI NAMCO Entertainment	Levelhead	Butterscotch Shenanigans	SuperMash	Digital Continue
	Mr. DRILLER DrillLand	BANDAI NAMCO Entertainment	SuperMash	Digital Continue	Streets of Rage 4	Dotemu
	Utano Prince Sama	BROCCOLI	Streets of Rage 4	Dotemu	Burnout Paradise Remastered	Electronic Arts
	Amazing Aria & Sweet Serenade LOVE for Nintendo Switch	Burnout Paradise Remastered	Electronic Arts	Ninjala	GungHo Online Entertainment
	BRIGANDINE The Legend of Runersia	HAPPINET	Ninjala	GungHo Online Entertainment	Minecraft Dungeons	Mojang Synergies / Xbox Game Studios
	Hakuoki Shinkai Ginseinosho	IDEA FACTORY	Minecraft Dungeons	Mojang Synergies / Xbox Game Studios	The Outer Worlds	Private Division
	Harukanaru Toki no Naka de 7	KOEI TECMO GAMES	The Outer Worlds	Private Division	Trials of Mana	Square Enix
	FAIRY TAIL	KOEI TECMO GAMES	Trials of Mana	Square Enix	Moving Out	Team17
	eBASEBALL PAWAFURU PUROYAKYU 2020	KONAMI	Moving Out	Team17	NARUTO SHIPPUDEN: Ultimate Ninja STORM 4 ROAD TO BORUTO	Bandai Namco Entertainment
	Rodents 2	NIPPON COLUMBIA			Ghost of a Tale	Plug In Digital
	Zumba Burn It Up!	SEGA			The Elder Scrolls: Blades	Bethesda Softworks
	Trials of Mana	SQUARE ENIX			Railway Empire - Nintendo Switch Edition	Kalypso Media Group
	SYNAPTIC DRIVE	Yunuo International

[Note] Launch schedules, software names etc. are subject to change. Launch titles are listed by publisher alphabetically.

This list includes titles that are released as download-only software.