Nintendo Full-Year Earnings Jump 39 Percent to $1.7 Billion

Courtesy of Nintendo
'Super Mario'

Strong sales of the Switch console and software lifted results at the Japanese game giant, but they still came in below expectations.

Japanese video gaming giant Nintendo on Thursday reported earnings of $1.7 billion (¥194.4 billion) for the fiscal year ended in March, up 39 percent from the previous year, with revenue up 14 percent to $10.7 billion (¥1.2 trillion).

However, the results came in below expectations, and Nintendo failed to set a release date for the new versions of its Switch console, which some had expected would be launched at the E3 game show in June.

The Kyoto-headquartered company sold nearly 17 million units of its hybrid Switch console and is forecasting sales of 18 million for the current fiscal year to March 2020.

Mario Kart 8 Deluxe shifted 16.7 million units, while Super Mario Odyssey shipped 14.5 million and Super Smash Bros. Ultimate nearly 14 million. Total software sales reached 119 million units.