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Thursday, August 5, 2021

June 30, 2021 Nintendo Quarterly Financial Update

By LUDWIG VON KOOPA - Ring Fit Adventure has ASCENDED!

While I'm not currently making Ring Fit Adventure based on fitness logs, I still will name-drop it at any opportunity. And today Nintendo has provided the perfect opportunity because they announced their financial results for the quarter that ended June 30, 2021.

Nintendo Switch million selling games June 30 2021 Ring Fit Adventure
I could've put New Pokémon Snap on this since it's reported to sell 2.07 million... but that's non-Japan only.
Because The Pokémon Company is the publisher in Japan, Nintendo apparently doesn't get to report on the Japanese numbers.
So me not wanting to under-report New Pokémon Snap has made me not include it entirely.

Ring Fit Adventure has now sold a total of 11.26 million units, knocking out New Super Mario Bros. U Deluxe or whatever that game is named out of the Nintendo Switch top 10. Now Ring Fit Adventure is in that 10th spot, and it deserves it. The Switch as a whole has sold 89.04 million units, meaning a good number of Switch owners also own Ring Fit Adventure. You might think that a notable percentage of all households in Japan own Ring Fit Adventure, so I really think it should've shown up in the indoor fitness short montage at the Tokyo 2021 Olympics Opening Ceremony. (I haven't kept track of the exact number of which of those 11.26 million are from Japan, but I guess I could if you ask me to in the comments section.)

Yes, the above chart is dedicated to Ring Fit Adventure for this quarter, though other games not selling much contributes to that. Year-to-year, Nintendo's profits and sell-through are down... which Nintendo continually attributed to Animal Crossing: New Horizons being extremely overpowered back from April 2020 to June 2020 because it went and sold over 10 million copies by itself back then.

Somehow, Mario Kart 8 Deluxe keeps selling a lot, and now it's sold a grand total of 37.08 million copies. Meanwhile, Mario Kart Wii sold a total of 37.38 million, so it'll turn out that this Deluxe version is soon to be the highest-selling game in the whole Mario Kart series. The original Mario Kart 8 only sold 8.45 million on the Wii U.

Nintendo isn't directly talking about games sold by third party publishers like Monster Hunter Rise, which is basically the Animal Crossing: New Horizons of 2021. ...Except it's sold only 7 million copies while New Horizons has sold triple that by this time last year.

Nintendo has also finally decided to make the guy who keeps asking them about stock buybacks happy by... agreeing to start doing stock buybacks starting now. They plan to repurchase up to 100 billion yen (using their 1.1 trillion yen in cash and deposits) and cancel the repurchased shares. This reduces the quantity of stocks in the market, which should increase the value of the remaining stocks. Investors should like this, especially that one guy. It basically means that Nintendo has cash in excess of their excess and they really have nothing better to do with it. How envious.

Do you think Ring Fit Adventure will outsell Splatoon 2, which sits at spot #9 (12.45 million copies) of the Switch's top 10? Splatoon 2 is no longer selling a million copies every quarter while Ring Fit Adventure is, so it's definitely gaining ground as time passes with apparently no sign of stopping. That would be... very interesting.

For the last Nintendo financial results article, see the year ending March 2021.
Since a lot of the points Nintendo made was to compare to June 30, 2020, here's Ludwig's article from back then.
Next quarter's financial update has some more interesting content, but Ring Fit Adventure is still at #10.
How about June 30, 2022? Nintendo has worse results than in 2021, too.

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