Nintendo Co., Ltd.

CONSOLIDATED FINANCIAL STATEMENTS
April 26, 2018
Nintendo Co., Ltd.
11-1 Hokotate-cho, Kamitoba,
Minami-ku, Kyoto 601-8501
Japan

Consolidated Results for the Years Ended March 31, 2017 and 2018
(1) Consolidated operating results
Net sales
million yen%
1,055,682 115.8
489,095(3.0)

Year ended March 31, 2018Year ended March 31, 2017

(Amounts below one million yen are rounded down)
Profit attributable
Operating profit
Ordinary profit
to owners of parent
million yen %million yen %million yen %177,557 504.7
199,356 295.8
139,590 36.1
29,362 (10.7)
102,574 521.5
50,364 74.9

[Note]
Percentages for net sales, operating profit etc. show increase (decrease) from the last fiscal year.

Profit per shareyen%

1,162.30
853.87

Year ended March 31, 2018Year ended March 31, 2017

Ordinary profit
on total assets

Return on equity

Operating profit
to net sales

%

%

12.9
3.6

10.9
8.5

16.8
6.0

(2) Consolidated financial positions
Total assets

Net assets

million yen
1,633,748
1,468,978million yen
1,323,574
1,250,972

80.7
85.2

Net assets per
share
yen
10,980.45
10,412.59

Cash flows fromoperating activities
million yen
152,208
19,101

Cash flows frominvesting activities
million yen
61,38769,518Cash flows fromfinancing activities
million yen(61,311)(14,435)

Cash and cash
equivalents - ending
million yen
484,480
330,974

As of March 31, 2018
As of March 31, 2017

Capital adequacy
ratio

%

(3) Consolidated cash flows

Year ended March 31, 2018Year ended March 31, 2017

Dividends
Dividend per share
End of 2nd quarter

Year-end

AnnualYear ended Mar. 2018

yen
0.00
110.00yen
430.00480.00yen
430.00590.00Year ending Mar. 2019
(forecast)-*-*

690.00Year ended Mar. 2017

Dividends in total(annual)million yen
51,65470,874

Dividend payout ratio Dividends on net assets(consolidated basis)(consolidated basis)

%
50.4
50.8

%
4.3
5.5

50.2

[Note]*Dividends are paid twice a year after the end of the second quarter and at the fiscal year-end based on profit levels achieved in each fiscal year as our basic
policy. As for the dividend forecast for the fiscal year ending March 31, 2019, only the annual dividend is described because the financial forecast for theyear is prepared only on a full fiscal year basis and the dividend cannot be separately forecasted between the interim and the fiscal year-end.

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Nintendo Co., Ltd.

Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2019Year ending Mar. 2019

Net sales

Operating profit

million yen%
1,200,000 13.7

million yen%
225,000 26.7

Profit attributable toProfit per shareowners of parent
million yen
million yen%%
yen
1,373.56
230,000 15.4
165,000 18.2
Ordinary profit[Notes]Percentages for net sales, operating profit etc. show increase (decrease) from previous period.
With respect to this forecast, please refer to page 4 for the forward-looking conditions and other related matters.

Others(1) Changes for important subsidiaries during the fiscal year ended March 31, 2018
Newly consolidated: Nintendo Sales Co., Ltd.
(2) Changes in accounting procedures:
1) Related to accounting standard revisions etc.
2) Other changes
3) Changes in accounting estimates
4) Modified restatements: Applicable: Not applicable: Not applicable: Not applicable: Not applicable(3) Outstanding shares (common shares)① Number of shares outstanding (including treasury shares)
As of March 31, 2018 :
141,669,000 shares② Number of treasury shares
As of March 31, 2018 :
21,543,231 shares③ Average number of sharesYear ended March 31, 2018 : 120,098,818 shares

As of March 31, 2017 :

141,669,000 shares

As of March 31, 2017 :

21,541,341 sharesYear ended March 31, 2017 : 120,128,492 shares(Reference) Non-consolidated Results
Non-consolidated Results for the Years Ended March 31, 2017 and 2018
(1) Non-consolidated operating results
Net salesYear ended March 31, 2018Year ended March 31, 2017

million yen%
978,496 169.3(4.4)
363,383

Operating profit
million yen
128,104(5,304)

Ordinary profit%

million yen
133,429(7,631)-

Profit%-million yen
95,007(1,434)%-[Note] Percentages for net sales, operating profit etc. show increase (decrease) from the last fiscal year.

Profit per share
Year ended March 31, 2018Year ended March 31, 2017yen
790.89(11.94)(2) Non-consolidated financial positions

As of March 31, 2018
As of March 31, 2017

Total assets

Net assets

million yen
1,163,741
1,051,811

million yen
899,655
872,320

Capital adequacy
ratio
%
77.3
82.9

Net assets per
share
yen
7,489.28
7,261.62[Notes]1. This earnings release report is not subject to audit procedures based on the Financial Instruments and Exchange Act.
2. Forecasts announced by the Company (Nintendo Co., Ltd.) referred to above were prepared based on management's assumptions with information available
at this time and therefore involve known and unknown risks and uncertainties. Please note such risks and uncertainties may cause the actual results to bematerially different from the forecasts (earnings forecast, dividend forecast, and other forecasts).

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Nintendo Co., Ltd.

Description of Operating Results
1. Operating Results and Financial Positions for the Fiscal Year Ended March 31, 2018
(1) Operating results for the fiscal year ended March 31, 2018
The results for this fiscal year show a very positive trend in global hardware sales for Nintendo Switch, which sold a total of 15.05
million units during this fiscal year. On the software end, Super Mario Odyssey has been a major hit with audiences worldwide, andsold 10.41 million units. This is in addition to 9.22 million units sold for Mario Kart 8 Deluxe, and 6.02 million units sold for Splatoon
2, bringing the total number of million-seller titles during this fiscal year to 12, including the titles of other software publishers. The
combined software sales results for this fiscal year reached 63.51 million units.
Nintendo 3DS hardware sales remained solid in each region even after the launch of Nintendo Switch, with sales during this fiscal
year reaching 6.40 million units. For the Nintendo 3DS software, Pokémon Ultra Sun and Pokémon Ultra Moon sold 7.51 million units,
while overall sales for this fiscal year totaled 35.64 million units.
Turning to our digital business for dedicated video game platforms, digital sales were very good, especially on Nintendo Switch,which brought digital sales (see note) to a combined total of 60.8 billion yen (87% increase on a year-on-year basis).
Meanwhile, the Super Nintendo Entertainment System: Super NES Classic Edition proved to be a hit in every region, with sales
totaling 5.28 million units, and we grew amiibo sales compared to the previous fiscal year, with approximately 10.30 million figuressold, while card sales hit approximately 5.80 million units.
In our smart-device business, we released Animal Crossing: Pocket Camp during this fiscal year to join Super Mario Run and Fire
Emblem Heroes, which have both been available since before the start of the fiscal year. These applications are being enjoyed by many
consumers globally. Our smart devices and IP related income was 39.3 billion yen (62% increase on a year-on-year basis).
In total, net sales reached 1,055.6 billion yen (of which overseas sales were 794.4 billion yen or 75.3% of the total sales). Operating
profit came to 177.5 billion yen. Ordinary profit was 199.3 billion yen, and profit attributable to owners of parent totaled 139.5 billion
yen.

[Note] “Download Sales” has been renamed to “Digital Sales” as of the end of the fiscal year ended March 31, 2018.

(2) Financial positions as of March 31, 2018
Total assets increased by 164.7 billion yen compared to the prior fiscal year-end to 1,633.7 billion yen mainly due to an increase in
cash and deposits as well as inventories. Total liabilities increased by 92.1 billion yen compared to the prior fiscal year-end to 310.1
billion yen mainly due to an increase in notes and accounts payable-trade, and income taxes payable. Net assets increased by 72.6
billion yen compared to the prior fiscal year-end to 1,323.5 billion yen.

(3) Cash flows for the fiscal year ended March 31, 2018
The ending balance of “Cash and cash equivalents” (collectively, “Cash”) as of March 31, 2018 was 484.4 billion yen, with anincrease of 153.5 billion yen during the fiscal year. During the prior fiscal year, there was an increase of 72.8 billion yen. Net increase(decrease) of Cash and contributing factors during the fiscal year ended March 31, 2018 are as follows:

Net cash provided by (used in) operating activities:
There were decreasing factors contributing to 201.0 billion yen of profit before income taxes such as an increase in inventories anda record of share of profit of entities accounted for using equity method. However, due to increasing factors such as a decrease innotes and accounts receivable-trade, net cash resulted in an increase of 152.2 billion yen compared to an increase of 19.1 billion yen
during the prior year.

Net cash provided by (used in) investing activities:
Net cash from investing activities increased by 61.3 billion yen compared to an increase of 69.5 billion yen during the prior year
mainly due to proceeds from withdrawal of time deposits and sales and redemption of short-term and long-term investment securities
exceeding payments into time deposits and purchase of short-term and long-term investment securities.

Net cash provided by (used in) financing activities:
Net cash from financing activities decreased by 61.3 billion yen compared to a decrease of 14.4 billion yen during the prior year
mainly due to payments of cash dividends.

- 3-

Nintendo Co., Ltd.

2. Outlook for the Fiscal Year Ending March 31, 2019
Consumers have been very receptive to the new concept introduced by Nintendo Switch as a home gaming system that they can takewith them to play anytime, anywhere, with anyone, which helped it maintain its favorable momentum during this fiscal year. Looking
ahead, we plan to leverage this momentum to reach an even broader range of consumers and expand the installed base of the hardware.
Specifically, we released Nintendo Labo in April as an offering of a new way to play, and then we are slated to release Mario Tennis
Aces in June, as well as the latest entry from the popular series, Super Smash Bros. (temp.) within the year. We expect to release several
hit titles from other software publishers as well. Then in September, we will begin offering the Nintendo Switch Online paid service toexpand the online functionality of Nintendo Switch. Our goal is to take full advantage of the platform by continuously introducing
compelling new software while further increasing sales of popular titles that are already in the market.
With Nintendo 3DS, we will continue to target an ever wider range of consumers. We will work to leverage the platform’s richsoftware library and worldwide total hardware install base of over 72 million units and further expand sales of evergreen titles.
Our smart-device business is poised to grow with the release of new gaming applications including Mario Kart Tour, alongside theapplications consumers continue to enjoy that were released prior to this fiscal year.
Through these initiatives, for the fiscal year ending March 31, 2019, we expect to see results of 1,200.0 billion yen in net sales, with
225.0 billion yen in operating profit, 230.0 billion yen in ordinary profit, and profit attributable to owners of parent of 165.0 billion yen.
Unit sales of major products used in these forecasts can be found on page 15 under the heading “(4) Consolidated sales units, number of
new titles, and sales units forecast” in the section titled “Others.” Exchange rate assumptions for the major currencies used inforecasting are 105 yen per US dollar and 125 yen per euro.

[Note] Forecasts announced by the Company referred to above were prepared based on management's assumptions with information available at this time andtherefore involve known and unknown risks and uncertainties. Please note such risks and uncertainties may cause the actual results to be materially different fromthe forecasts (earnings forecast, dividend forecast and other forecasts).

3. Basic Policy of Profit Distribution and Dividends
It is the Company’s basic policy to internally provide the capital necessary to fund future growth, including capital investments, andto maintain a strong and liquid financial position in preparation for changes in the business environment and intensified competition. As
for direct profit returns to our shareholders, dividends are paid based on profit levels achieved in each fiscal period.
The annual dividend per share will be established at the higher of the amount calculated by dividing 33% of consolidated operating
profit by the total number of outstanding shares, excluding treasury shares, as of the end of the fiscal year rounded up to the 10 yen digit,
and the amount calculated based on the 50% consolidated profit standard rounded up to the 10 yen digit.
The end of 2nd quarter (interim) dividend per share is calculated by dividing 33% of consolidated operating profit by the total numberof outstanding shares, excluding treasury shares, as of the end of the six-month period rounded up to the 10 yen digit.
As a result, the dividend for the fiscal year ended March 31, 2018 has been established at 590 yen (interim: 110 yen, year-end: 480yen) and dividend for fiscal year ending March 31, 2019 will be 690 yen if earnings are in line with the financial forecast herein. The
end of 2nd quarter dividends are yet to be determined as there are no interim financial forecasts, but there are no changes to ourdividend policy.
Retained earnings are maintained for effective use in research of new technology and development of new products and services,
capital investments and securing materials, enhancement of selling power including advertisements, strengthening of network
infrastructure, and treasury share buyback whenever deemed appropriate.

- 4-Nintendo Co., Ltd.

Management Policy
1. Basic Management Policy
Nintendo strives to create new forms of entertainment while maintaining a robust business structure. To expand our business, ourhighest emphasis is on providing users around the world with exciting forms of entertainment that they have never experienced before.

2. Targeted Management Index
It is essential for us to provide new and entertaining products and services consistently. In doing so, Nintendo aims to improve its
corporate value by sustaining robust growth while increasing profitability. Because Nintendo deals with entertainment products andcontent that naturally hold many uncertainties in terms of research and development, we have not set any specific management index
targets so that our corporate decision-making can stay flexible in this highly competitive industry.

3. Mid to Long-Term Corporate Business Strategy and Issues to Address
With the belief in our mission to put smiles on people's faces around the world through products and services, Nintendo will focus on
expanding the number of people who have access to Nintendo IP (intellectual properties) by offering products that everyone can enjoy,
regardless of age, gender, or gaming experience.
In accordance with this basic strategy, we will drive continual growth for Nintendo by expanding the dedicated video game businessand establishing the smart-device business. For our dedicated video game business, we plan to keep our distinctive software-driven
hardware and software business at the core of our operations, while actively investing resources in our unique platform business. We
plan to expand our smart-device business into one of our major pillars of revenue, and in doing so, strengthen the foundations of thebusiness, generate synergy with our dedicated video game business, and maximize business for Nintendo as a whole.
Alongside our gaming business, we are also collaborating with our corporate partners to actively leverage Nintendo IP through theme
park projects, film, and merchandising. Through these efforts, we hope to pursue every possible business opportunity and add value toour company by actively offering Nintendo IP in a variety of different ways so that not only current users of our video games but all
consumers - including those who used to play our games but currently do not, and those who have never played our video games before- can experience Nintendo IP.
We will continue to flexibly transform ourselves by adapting to changing times while constantly valuing the spirit of originality basedon the belief that “the true value of entertainment lies in its uniqueness” - and will endeavor to continue providing products and services
that people will be surprised and delighted by.

Basic Policy on the Selection of Accounting Standards
Nintendo is preparing for mandatory International Financial Reporting Standards adoption by attending seminars held by outside
agencies to collect information, and conducting a deliberation on its adoption. However, the effective date has not been determined.

- 5-

Nintendo Co., Ltd.

Consolidated Balance Sheets
million yen

Description

As of March 31, 2017

As of March 31, 2018

(Assets)
Current assets
Cash and deposits

662,763744,555

Notes and accounts receivable-trade106,054

69,829Securities

283,307

243,431

Inventories

39,129141,795

332

10,83449,53566,405

Deferred tax assets
Other

(379)

(87)

1,140,742

1,276,764

Buildings and structures, net

38,70736,094

Machinery, equipment and vehicles, net

1,400

1,450

Tools, furniture and fixtures, net

4,313

3,915

Land

42,13341,812

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

3653

86,55883,926

Software

9,942

11,487

Other

2,882

2,533

12,825

14,020Investment securities

157,963

198,538

Deferred tax assets

49,45337,094

Net defined benefit asset

7,680

7,931

Other

13,753

15,503

Construction in progress
Total property, plant and equipment
Intangible assets

Total intangible assets
Investments and other assets

Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

- 6-

(0)

(30)

228,851

259,037

328,235

356,984

1,468,9781,633,748

Nintendo Co., Ltd.

million yen

Description

As of March 31, 2017

As of March 31, 2018

(Liabilities)
Current liabilities
Notes and accounts payable-trade104,181

138,015

Income taxes payable

11,26743,390

Provision for bonuses

2,341

3,217

Other
Total current liabilities

66,31993,452

184,109

278,076

19,245

16,609Non-current liabilities
Net defined benefit liability

14,650

15,487

Total non-current liabilities

33,89532,097

Total liabilities

218,005

310,173

Capital stock

10,065

10,065

Capital surplus

13,256

13,742Retained earnings

1,489,518

1,564,240

Treasury shares(250,601)(250,679)

1,262,239

1,337,369

Other(Net assets)
Shareholders' equity

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities

18,913

16,402Foreign currency translation adjustment(30,312)(34,736)(11,399)(18,334)

132

4,540

Total net assets

1,250,972

1,323,574

Total liabilities and net assets

1,468,9781,633,748

Total accumulated other comprehensive income
Non-controlling interests- 7-

Nintendo Co., Ltd.

Consolidated Statements of Income
million yen

Description

Year ended March 31, 2017

Year ended March 31, 2018

Net sales

489,095

1,055,682

Cost of sales

290,197652,141

Gross profit

198,898

403,540

Selling, general and administrative expenses

169,535

225,983

Operating profit

29,362

177,557

Interest income

6,237

9,064

Share of profit of entities accounted for using equity method

20,271

10,318Non-operating income

2,083

4,126

28,59323,5093-

Loss on redemption of securities

2,199

794

Foreign exchange losses

5,256

766

131

150

Total non-operating expenses

7,591

1,710

Ordinary profit

50,364

199,356

Gain on sales of non-current assets

185

821

Gain on sales of investment securities

64,589

490

-

1,929

64,775

3,240

Loss on disposal of non-current assets

328

366

Loss on sales of investment securities-

2

Restructuring loss

80-

Loss on litigation

-

1,138

Other
Total non-operating income
Non-operating expenses
Sales discounts

Other

Extraordinary income

Reversal of loss on litigation
Total extraordinary income
Extraordinary losses

409

1,507

Profit before income taxes

114,730

201,090

Income taxes-current

25,331

56,977

Income taxes-deferred(13,183)

3,167

Total extraordinary losses

Total income taxes

12,14760,144

Profit102,582

140,9458

1,354

102,574

139,590

Profit attributable to non-controlling interests
Profit attributable to owners of parent- 8-

Nintendo Co., Ltd.

Consolidated Statements of Comprehensive Income
million yen

Description

Year ended March 31, 2017

Year ended March 31, 2018

102,582

140,945

Valuation difference on available-for-sale securities

7,147(2,490)Foreign currency translation adjustment(5,916)(4,028)

711

(336)

1,942

(6,855)

104,525

134,090

104,517

132,6558

1,434ProfitOther comprehensive income

Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests- 9-

Nintendo Co., Ltd.

Consolidated Statements of Changes in Equity
Year ended March 31, 2017 (April 1, 2016 - March 31, 2017)
million yen
Shareholders' equity

Balance as of April 1, 2016

Capital stock

Capital surplus

10,065

13,256

Retainedearnings

Treasury shares

Total
shareholders'equity1,401,359(250,563)

1,174,118

Changes of items during period
Dividends from surplus--(14,415)-(14,415)

Profit attributable to owners of parent--

102,574-

102,574

Purchase of treasury shares

-

-

-

(38)

(38)

Disposal of treasury shares

-

-

-

-

-

Net changes of items
other than shareholders' equity

-

-

-

-

-

Total changes of items during period--

88,159(38)

88,121

10,065

13,256

1,489,518(250,601)

1,262,239

Total accumulated Non-controlling
otherinterests
comprehensive
incomeTotal
net assets

Balance as of March 31, 2017

Accumulated other comprehensive income
Valuationdifference
on available-forsale securities
Balance as of April 1, 2016

11,909Foreign currencytranslation
adjustment(25,250)(13,341)

124

1,160,901

Changes of items during period
Dividends from surplus

-

-

-

-

(14,415)

Profit attributable to owners of parent

-

-

-

-

102,574

Purchase of treasury shares

-

-

-

-

(38)

Disposal of treasury shares

-

-

-

-

-

Net changes of items
other than shareholders' equity

7,004(5,061)

1,942

8

1,950

Total changes of items during period

7,004(5,061)1,942

8

90,071

Balance as of March 31, 2017

18,913(30,312)(11,399)132

1,250,972- 10 -

Nintendo Co., Ltd.

Consolidated Statements of Changes in Equity
Year ended March 31, 2018 (April 1, 2017 - March 31, 2018)
million yen
Shareholders' equity
Retainedearnings

Treasury shares

Total
shareholders'equity1,489,518(250,601)

1,262,239

Capital stock

Capital surplus

10,065

13,256

Dividends from surplus--(64,868)-(64,868)

Profit attributable to owners of parent--

139,590-

139,590

Purchase of treasury shares

-

-

-

(1,903)(1,903)

Disposal of treasury shares

-

485

-

1,825

2,311

Net changes of items
other than shareholders' equity

-

-

-

-

-

Total changes of items during period-

485

74,722(77)

75,12910,065

13,742

1,564,240(250,679)

1,337,369

Total accumulated Non-controlling
otherinterests
comprehensive
incomeTotal
net assets

Balance as of April 1, 2017
Changes of items during period

Balance as of March 31, 2018

Accumulated other comprehensive income
Valuationdifference
on available-forsale securities
Balance as of April 1, 2017

18,913Foreign currencytranslation
adjustment(30,312)(11,399)132

1,250,972

Changes of items during period
Dividends from surplus

-

-

-

-

(64,868)

Profit attributable to owners of parent

-

-

-

-

139,590

Purchase of treasury shares

-

-

-

-

(1,903)

Disposal of treasury shares

-

-

-

-

2,311

Net changes of items
other than shareholders' equity(2,510)(4,424)(6,935)

4,407(2,527)

Total changes of items during period(2,510)(4,424)(6,935)

4,407

72,602

Balance as of March 31, 2018

16,402(34,736)(18,334)

4,540

1,323,574- 11 -

Nintendo Co., Ltd.

Consolidated Statements of Cash Flows
million yen
Description

Year Ended March 31, 2017

Year Ended March 31, 2018

Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in net defined benefit liability
Interest and dividend income
Foreign exchange losses (gains)
Loss (gain) on sales of short-term and long-term investment securities
Share of (profit) loss of entities accounted for using equity method
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accrued consumption taxes
Other, net

Sub-totalInterest and dividends income received
Interest expenses paid
Income taxes (paid) refund

Net cash provided by (used in) operating activities

114,7308,366
23(4,053)(6,904)
6,066(64,617)(20,271)(65,706)(155)
51,5281,212
9,231
29,4516,332(1)(16,680)
19,101

201,090
9,064(513)(2,125)(10,116)
6,434
(411)
(10,318)
51,585(107,454)
9,368
(354)
22,650168,901
10,585(10)(27,267)
152,208(537,674)
500,936(10,458)544(680,408)(534,832)
590,660(9,609)984(552,785)

804,571

567,484-

2,735(7,992)69,518(3,251)
61,387(14,384)(38)(12)(14,435)(1,306)72,878258,095
330,974(64,829)
(78)
3,609
(13)
(61,311)
1,222
153,506
330,974
484,480

Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment and intangible assets
Proceeds from sales of property, plant and equipment and intangible assets
Purchase of short-term and long-term investment securities
Proceeds from sales and redemption of short-termand long-term investment securities
Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation
Other, net

Net cash provided by (used in) investing activities
Cash flows from financing activities
Cash dividends paid
Purchase of treasury shares
Proceeds from sales of shares of parent held by subsidiaries
Other, net

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 12 -

Nintendo Co., Ltd.

Notes Pertaining to Consolidated Financial Statements(Consolidated balance sheets information)
Accumulated depreciation

million yen
As of March 31, 2017

million yen
As of March 31, 201867,25768,609(Consolidated statements of cash flows information)"Cash and cash equivalents at end of period" were reconciled to "Cash and deposits"
in the accompanying consolidated balance sheets as of March 31, 2017 and 2018 as follows:

Cash and deposits
Time deposits with maturities ofmore than three months
Short-term investments with an original
maturity of three months or less
Cash and cash equivalents

million yen
Year ended
March 31, 2017

million yen
Year ended
March 31, 2018662,763744,555(362,801)(307,509)

31,01147,434

330,974

484,480- 13 -

Nintendo Co., Ltd.

Othersmillion yen(1)Consolidated sales information

Year ended
March 31, 2018Year ended
March 31, 2017Japan

The Americas

Europe

Other

Total

Dedicated video game platform (*1)
of which Nintendo 3DS platformof which Nintendo Switch platformof which the others (*2)
Smart devices, IP related income, etc. (*3)
Playing cards, etc.
Total

242,879
52,645
171,739
18,494
17,632
676
261,189

423,172
74,431
316,854
31,88617,0091,028
441,210

265,632
54,037
193,085
18,5093,242
24268,900

82,946
7,154
71,7294,062
1,436
84,382

1,014,631
188,269
753,409
72,95339,3201,729
1,055,682

Japan

The Americas

Europe

Other

Total

Dedicated video game platform (*1)
of which Nintendo 3DS platformof which Wii U platformof which Nintendo Switch platformof which the others (*4)
Smart devices, IP related income, etc. (*3)
Playing cards, etc.
Total

117,458
71,99913,627
21,637
10,194
11,785770
130,014

193,707
91,98331,431
52,415
17,877
9,345
901
203,954

127,060
70,35917,867
29,186
9,646
2,353
42
129,455

24,904
13,607
1,456
7,712
2,127
766
25,671

463,131247,949
64,383110,951
39,84624,2501,714
489,095[Note] Digital sales in dedicated video game platform (*5):
Year ended March 31, 2017: 32.5 billion yen

Year ended March 31, 2018: 60.8 billion yen*1 Each platform includes hardware, software (including downloadable versions of packaged software, download-only
software and add-on content) and accessories.
*2 Includes amiibo, Virtual Console and platforms other than Nintendo 3DS or Nintendo Switch.
*3 Includes income from smart-device content and royalty income.
*4 Includes amiibo, Virtual Console and platforms other than Nintendo 3DS, Wii U or Nintendo Switch.
*5 Includes downloadable versions of packaged software, download-only software and add-on content.

million yen(2)Other consolidated information
Year ended March 31, 2017

Year ended March 31, 2018

Capital investments
Depreciation of property, plant and equipment
Research and development expenses
Advertising expenses
Number of employees (at year-end)
Average exchange rates
1 USD =
1 Euro =15,1585,543
59,197
48,726
5,166
108.38 yen
118.79 yen

13,082
6,389
64,032
72,6165,501
110.85 yen
129.70 yen

Consolidated net sales in U.S. dollars
Consolidated net sales in Euros
Non-consolidated purchases in U.S. dollars

1.7 billion
1.0 billion
1.5 billion

3.7 billion
2.0 billion
5.7 billion

USD

Euro

Cash and deposits
Accounts receivable-trade
Accounts payable-trade
Loans payable to subsidiaries
Cash and deposits
Accounts receivable-trade

495
333

1 Euro=119.79 yen- 14 -

As of March 31, 2018
Exchange rate
Balance
2,069
1 USD=
1,853
106.24 yen
1,058
300
571
403

-

million U.S. dollars/euros(3)Balance of major assets and liabilities in foreign currencies (non-consolidated)
As of March 31, 2017
Exchange rate
Balance
2,181
1 USD=
500
112.19 yen
531
300

Year ending March 31, 2019
(Forecast)
14,0006,000
70,00085,000105.00 yen
125.00 yen

1 Euro=130.52 yen

As of March 31, 2019
Estimated exchange rate
1 USD=
105.00 yen
1 Euro=125.00 yen

Nintendo Co., Ltd.

(4) Consolidated sales units, number of new titles, and sales units forecast

Nintendo 3DS

Hardwareof which New Nintendo 3DS XLof which Nintendo 2DS

of which New Nintendo 2DS XLSoftware

New titles

Nintendo Switch

Hardware

Software

New titlesJapan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other
Japan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other

ActualActualApr. '16-Mar. '17

Apr. '17-Mar. '18

199
255
273
727
138
139
125
402
49
77
124
249
1,784
1,905
1,820
5,508
71
39
35
60
120
94
274
89
286
171
546
9
10
9

139
286
216
640
54
85
31
170
6
112
81
199
78
89
104
271
1,118
1,212
1,234
3,564
51
30
38
378
594
533
1,505
1,226
2,752
2,373
6,351
74
95
101

[Notes]1 Software sales units include both packaged and downloadable versions of software.

2 Each title available in both packaged and downloadable versions is counted as one new title.
3 Actual software sales units for each platform include the quantity bundled with hardware.
4 Forecasted software sales units for each platform do not include the quantity bundled with hardware.

- 15 -

Sales Units in Ten Thousands
Number of New Titles Released
Forecast
Life-to-date
Mar. '18

2,470
2,517
2,266
7,253
484
432
286
1,202
65
411
466
941
78
89
104
271
13,461
12,282
10,74636,489
656
479
534
438
714
627
1,779
1,315
3,037
2,544
6,897
83
105
110

Apr. '18-Mar. '19

400

1,600

2,000

10,000