CONSOLIDATED FINANCIAL HIGHLIGHTS
January 25, 2007
Nintendo Co., Ltd.
11-1 Kamitoba hokotate-cho,
Minami-ku, Kyoto 601-8501
Japan

1. Consolidated Results for the Nine Months Ended December 2005 and 2006, and Year Ended March 2006
(1) Consolidated operating results(Amounts below one million are rounded down)

Net sales
Nine months ended Dec. 31, '06
Nine months ended Dec. 31, '05
Year ended Mar. 31, '06

Income before income taxes
and extraordinary items

Net income%million yen%million yen%

167,633 102.5
82,783 (19.7)
90,349220,713146,694
160,759

50.5
27.2

131,916
92,18598,37843.1
36.1

Operating income

million yen%

712,589
412,339509,249

72.8
(1.7)

million yen

Net income pershareyen
Nine months ended Dec. 31, '06
Nine months ended Dec. 31, '05
Year ended Mar. 31, '06

1,031.32
713.96762.28[Note] Percentage for net sales, operating income etc. show increase (decrease) from previous third quarter period.

With respect to the handheld game products of the electronic entertainment division, both "Nintendo DS" hardware andsoftware recorded very strong sales for the nine month period ended December 31, 2006. "Nintendo DS" hardware has
been the fastest rising game platform ever in the Japan market, and, in addition, has sold well in overseas markets. As aresult, sales in the first three quarters have reached 18.88 million units on a worldwide basis. As for ” Nintendo DS ”
software, net sales have also accelerated, supported by a number of millon-seller titles. Sales have been led by "NewSuper Mario Bros.", with 8.64 million units sold on a worldwide basis and continuing strong sales of "Touch!
Generations" titles such as "Brain Age: Train Your Brain in Minutes a Day!" and "Nintendogs".
In the console business, "Wii" hardware (launched at the end of last year) got off to a favorable start and “Wii” software
titles such as "The Legend of Zelda : Twilight Princess" enjoyed brisk sales as well.
As a result, net sales rose to 712.5 billion yen (72.8% up y/y), causing operating income to reach 167.6 billion yen(102.5% up y/y) despite a rise in selling, general, and administrative expenses, which was primarily driven by higher
marketing expenses. Income before income taxes and extraordinary items was 220.7 billion yen (50.5% up y/y) primarily
due to 26.0 billion yen (45.2 billion yen last nine-month period) of foreign exchange gains. Net income reached 131.9
billion yen exceeding last year by 43.1%.

-1-(2) Consolidated financial position

As of Dec. 31, '06
As of Dec. 31, '05
As of Mar. 31, '06

Total assets

Net assets

million yen
1,486,890
1,180,069
1,160,703

million yen
1,060,290
967,986
974,091

Cash flows fromoperating activities
million yen115,073(749)
46,382

Cash flows frominvesting activities
million yen
54,019(52,427)(208,807)

Capital adequacy ratio
%
71.3
82.0
83.9

Net assets pershareyen
8,288.47
7,567.36
7,613.79【Consolidated cash flows】

Nine months ended Dec. 31, '06
Nine months ended Dec. 31, '05
Year ended Mar. 31, '06

Cash flows fromfinancing activities
million yen(49,311)(59,355)(60,166)

Cash and cash
equivalents - Ending
million yen
763,523
726,805
617,139

Total assets as of December 31, 2006 increased by 326.1 billion yen compared to the previous fiscal year-end to 1,486.8
billion yen, mainly due to the increase in notes and trade accounts receivable resulting from the recent boost in net sales.
As for consolidated cash flows, net cash from operating activities increased by 115.0 billion yen primarily due tosubtracting the payment of income taxes from the income before income taxes and minority interests. Net cash frominvesting activities increased by 54.0 billion yen primarily due to proceeds from time deposits exceeding the transferpayments for deposits. Net cash from financing activities decreased by 49.3 billion yen primarily due to the payment ofcash dividends. As a result, net cash and cash equivalents during the nine month period ended December 31, 2006
increased by 146.3 billion yen versus the beginning of the reporting period to 763.5 billion yen.

[Note] Forecast of consolidated results for the fiscal year ending March 2007 (April 1, 2006 - March 31, 2007)
Net salesYear ending March 31, 2007

million yen
900,000

Operating income
million yen
185,000

Income before income taxes
and extraordinary items

million yen
210,000

Net incomemillion yen
120,000

Estimated annual earnings per share: 938.16 yen※ Note with respect to financial forecast
The consolidated earnings forecast for the fiscal year ending March 2007 remains unchanged from the forecast
announced on January 10, 2007.
Estimated exchange rates for the fiscal year ending March 2007 are 115 yen per U.S. dollar and 143 yen per euro.
Forecasts announced by the Company referred to above were prepared based on management's assumptions withinformation 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 be materially different from the forecasts.

-2-<Appendix>

Nintendo Co., Ltd.

1. Summary of Consolidated Balance Sheets
million yen, %As of December 31,
2006

As of March 31,
2006

AmountAmountAmount866,585
190,32147,981
208,308(2,258)1,310,938

812,064
43,82630,835133,518(1,514)
1,018,730

Ⅱ Fixed assets
Total fixed assets

175,952

Total assets

Description

Increase (Decrease)

As of December 31,
2005%

Amount54,521
146,495
17,14674,789(744)
292,208

28.7

795,172
112,071
37,42599,915(2,131)
1,042,454

141,972

33,97923.9137,615

1,486,890

1,160,703

326,18728.1

1,180,069

Total current liabilities

263,893
62,394
95,175
421,462

83,81753,04045,416
182,274

180,075
9,354
49,758239,188131.2

108,224
46,49452,607
207,326

Ⅱ Non-current liabilities
Total non-current liabilities

5,137

4,161

975

23.5

4,567

426,599

186,435

240,164128.8

211,894(Minority interests)
Minority interests

-

176

-

-

188

(Shareholders' equity)
Ⅰ Common stock-

10,065--10,065

Ⅱ Additional paid-in capital-

11,585--

11,584

Ⅲ Retained earnings-

1,096,073--

1,089,881

Ⅳ Unrealized gains on other securities-

10,717--

10,614

Ⅴ Translation adjustments

-

762

-

-

921

Ⅵ Treasury stock, at cost-

(155,112)--(155,079)

Total shareholders' equity-

974,091--

967,986

Total liabilities, minority interests, andshareholders' equity-

1,160,703--

1,180,069

10,065
11,586
1,177,919(155,302)
1,044,268

-

-

-

-

8,824
7,051
15,875----146----

Total net assets

1,060,290----Total liabilities and net assets

1,486,890----(Assets)
Ⅰ Current assets
Cash and deposits
Notes and trade accounts receivable
Inventories
Other current assets
Allowance for doubtful accounts

Total current assets(Liabilities)
Ⅰ Current liabilities
Notes and trade accounts payable
Accrued income taxes
Other current liabilities

Total liabilities(Net assets)
Ⅰ Owners' equity
Common stock
Additional paid-in capital
Retained earnings
Treasury stock, at cost

Total owners' equity
Ⅱ Valuation and translation adjustments
Unrealized gains on other securities
Translation adjustments

Total valuation and translation adjustments
Ⅲ Minority interests-3-<Appendix>

Nintendo Co., Ltd.

2. Summary of Consolidated Statements of Income
million yen, %Description

Nine months ended
December 31, 2006

Nine months ended
December 31, 2005

AmountAmountIncrease (Decrease)

Amount%72.8

Year ended
March 31, 2006

AmountⅠ Net sales

712,589

412,339300,249

Ⅱ Cost of sales

411,862

237,322

174,539

Gross margin

300,727

175,017

125,710

Selling, general, andadministrative expenses

133,093

92,23340,859Operating income

167,633

82,78384,85053,79364,268(10,474)

70,897

Foreign exchange gain

26,06945,226(19,157)

45,515

Other

27,724

19,042

8,682

25,381

714

357

356

487

220,713

146,694

74,018

Ⅵ Extraordinary gains

1,047

6,888

(5,840)7,360

Ⅶ Extraordinary losses

27255

(228)

1,648

Income before income taxes andminority interests

221,734

153,327

68,406

Income taxes

89,847

61,176

28,671

68,138

(29)

(34)

4(46)

131,916

92,18539,730Ⅲ

Ⅳ Other income

Ⅴ Other expenses
Income before income taxes andextraordinary items

Minority interests
Net income-4-

509,249
294,13371.8

215,115
124,766

102.5

50.5

44.6

43.1

90,349160,759

166,470

98,378

<Appendix>

Nintendo Co., Ltd.

3. Summary of Consolidated Statements of Cash Flows
million yen
Nine months ended
December 31, 2006

Nine months ended
December 31, 2005

Year ended
March 31, 2006

AmountAmountAmount221,734(27,807)(137,913)(15,069)
135,927
18,176
195,045(103,528)
23,556
115,073

153,327(46,085)(56,315)
15,408454(14,042)
52,746(70,322)
16,826(749)

166,470(46,577)
9,140
21,554(28,679)(23,909)
97,999(74,853)
23,236
46,382

Proceeds from (payment for) time deposits

91,735(74,531)(202,461)

Proceeds from sale or redemption (payment for acquisition) of
securities

7,284

13,193(8,445)(39,407)(5,592)54,01910,663(1,752)(52,427)

4,767(2,666)(208,807)(49,111)(200)(49,311)(34,171)(25,183)(59,355)(34,943)(25,223)(60,166)

26,60346,60947,003

Ⅴ Net increase (decrease) of cash and cash equivalents

146,384(65,921)(175,587)

Ⅵ Cash and cash equivalents - Beginning

617,139792,727

792,727

Ⅶ Cash and cash equivalents - Ending

763,523

726,805

617,139

Description

Ⅰ Cash flows from operating activities
Income before income taxes and minority interests
Foreign exchange loss (gain)
Decrease (increase) in notes and trade accounts receivable
Decrease (increase) in inventories
Increase (decrease) in notes and trade accounts payable
Other, net

Sub-total
Income taxes paid
Other, net

Net cash provided by (used in) operating activities
Ⅱ Cash flows from investing activitiesProceeds from (payment for) investments in securities
Other, net

Net cash provided by (used in) investing activities
Ⅲ Cash flows from financing activities
Cash dividends paid
Other, net

Net cash provided by (used in) financing activities
Ⅳ

Effect of exchange rate changes oncash and cash equivalents-5-

<Appendix>

Nintendo Co., Ltd.

4. Consolidated Sales Information
million yenBusiness
Main Products
Category
Electronic
HardwareEntertainment
SoftwareProducts
Sub-Total
Other
Playing Cards, Karuta, etc.
Total

Nine Months Ended Nine Months Ended
December 31, 2006 December 31, 2005

Year ended March
31, 2006

419,151

232,467

281,484

291,260

178,263

225,588

710,411

410,731507,072

2,177
712,589

1,608
412,3392,176
509,249

5. Supplementary Information(1) Consolidated sales units, number of new titles, and sales unit forecast
Sales Units in Ten Thousands
Number of New Titles Released

Nine months
Apr.-Dec. '06
9260
104
373
8
211
92
310
2
49
6
57
237
2,350
890
3,477
16
101
95
753
506
629
1,888
731
484
460
1,675
3,986
2,872
2,522
9,380
191
120
116
256
866
38
1,320
169
1,527
7392711412580319433902
416
1,751213327

Game Boy AdvanceHardwareJapan
The Americas
OtherTotal
Japanof which Game Boy Advance SP
The Americas
Other
Total
of which Game Boy MicroJapan
The Americas
Other
Total
SoftwareJapan
The Americas
Other
Total
New titlesJapan
The Americas
Other
HardwareJapan
Nintendo DS
The Americas
Other
Total
Japan
of which Nintendo DS Lite
The Americas
Other
Total
SoftwareJapan
The Americas
Other
Total
New titlesJapan
The Americas
Other
HardwareJapan
Nintendo GameCube
The Americas
Other
Total
SoftwareJapan
The Americas
Other
Total
New titlesJapan
The Americas
Other
HardwareJapan
Wii
The Americas
Other
Total
SoftwareJapanThe Americas
OtherTotal
New titles
JapanThe Americas
Other

Nine months
Apr.-Dec. '05
92417
236
746
35
371
154
561
57
47
78
182
635
3,031
1,429
5,095
61
151
144
358
243
315
916
1,468
1,238
885
3,590
100
74
59
18
155
40
212
265
2,030
513
2,807
3376
53
-

[Notes] New titles-Other include new titles in the European and Australian markets.
*1 the sum of Game Boy Advance, Game Boy Advance SP, and Game Boy Micro units*2 the sum of Nintendo DS and Nintendo DS Lite units*3 software bundled with Wii hardware not included in the forecast-6-

Life-to-dateDec. '06
1,664
4,070
2,152
7,886
650
2,306
1,178
4,133
60
96
85
240
7,219
20,608
8,423
36,250
786
967
890
1,443
1,018
1,100
3,561
789
484
460
1,733
6,520
4,955
3,949
15,423
364
235
216
402
1,274
476
2,152
2,735
13,485
4,215
20,435
275
548
451
114
125
80
319
433
902
416
1,751
2133
27

Forecast
Apr. '06-Mar. '07

400 *13,600

2,300 *2

10,000-

1,600

600

2,100 *3

<Appendix>

Nintendo Co., Ltd.

(2) Balance of assets in major foreign currencies without exchange contract (non-consolidated)
million US dollars / euros

US$US$EUR
EUR

Cash and Deposits
Accounts Receivable
Cash and Deposits
Accounts Receivable

As of Dec. 31, '06
Ending Balance
2,904977
968
531

Average Exchange Rate
Apr.-Dec. '06
US$1.00＝¥116.19
EUR1.00＝¥147.96

Exchange Rateas of Dec. 31, '06¥119.11¥156.50

Launch Dates of Primary NINTENDO Products by Region (Apr. - Dec. 2006)
Nintendo GameCubeRegion Category
JapanTitle

Wii
Launch Date Title(Hardware)(Software)

2006/12/2

2006/12/2

2006/4/13

Wii Sports

Legend of Zelda, The:Twilight Princess

2006/12/2

Wario Ware: Smooth Moves

2006/12/2

Legend of Zelda, The:Twilight Princess

2006/12/2

Wii Play (Wii Remote bundled)

2006/12/2

Pokemon Battle Revolution

2006/12/14

Wii (Wii Sports bundled)

2006/11/19

Odama

2006/4/10

Legend of Zelda, The:Twilight Princess

2006/11/19

Baten Kaitos Origins

2006/9/25

Excite Truck

2006/11/19

Legend of Zelda, The:Twilight Princess

2006/12/11

Wii (Wii Sports bundled)

2006/12/8

Europe (Hardware)(Software)

WiiOdama

The(Hardware)
UnitedStates(Software)

Launch Date

Chibi-Robo!

2006/5/26

Legend of Zelda, The:Twilight Princess

2006/12/8

Legend of Zelda, The:Twilight Princess

2006/12/15

Wii Play (Wii Remote bundled)

2006/12/8

Notes: Launch dates may be different within the United States and Europe regions depending on territories or countries.

-7-Nintendo Co., Ltd.

<Appendix>

Launch Dates of Primary NINTENDO Products by Region (Apr. - Dec. 2006)
RegionCategoryJapan(Hardware)Game Boy AdvanceTitle

Nintendo DS
Launch Date Title(Software) Eyeshield 21 DEVILBATS DEVILDAYS
EarthBound 3
Karuchobit
bit Generations dotstream
bit Generations BOUNDISH
bit Generations DIALHEX
bit Generations COLORIS
bit Generations ORBITAL
bit Generations DIGIDRIVE
bit Generations SoundvoyagerRhythm Tengoku

TheUnited States

2006/4/6
2006/4/20
2006/5/18
2006/7/13
2006/7/13
2006/7/13
2006/7/27
2006/7/27
2006/7/27
2006/7/27
2006/8/3(Hardware)(Software) Pokémon Mystery Dungeon: Red Rescue Team
Final Fantasy Ⅴ AdvanceEuropeDensetsu no Stafy 4
Kanji Sonomama DS Rakubiki Jiten
Tabi no Yubisashi KaiwachoDS DSseries1 Thai
Tabi no Yubisashi KaiwachoDS DSseries２ China
Tabi no Yubisashi KaiwachoDS DSseries３ Korea
Tabi no Yubisashi KaiwachoDS DSseries４ America
Tabi no Yubisashi KaiwachoDS DSseries５ Germany
Tetris DS
New Super Mario Bros.
Mawashite Tsunageru Touch Panic
Metroid Prime Hunters
Magical Starsign
Project Hacker Kakusei
Shaberu! DS Oryori Navi
Mario Hoops 3-on-3
Star Fox Command
Chosoju Mecha MG
Mogitate Tinkle no Barairo Ruppi-land
Yakuman DS (Wi-Fi enabled)
Pokémon Diamond
Pokémon Pearl
Gekito! Custom Robo
Otona no Joshikiryoku Training DS
Kirby: Squeak Squad
Magic Taizen
Jump Ultimate Stars
Kenko Oen Recipe1000 DS Kondatezenshu
Touch de Tanoshimu Hyakuninisshu DS Sigureden

2006/4/13
2006/4/13
2006/4/20
2006/4/20
2006/4/20
2006/4/27
2006/4/27
2006/4/27
2006/5/25
2006/5/25
2006/6/1
2006/6/22
2006/7/13
2006/7/20
2006/7/27
2006/8/3
2006/9/2
2006/9/2
2006/9/14
2006/9/28
2006/9/28
2006/10/19
2006/10/26
2006/11/2
2006/11/16
2006/11/23
2006/12/7
2006/12/14

Nintendo DS Lite

2006/6/11

2006/9/18 Brain Age:Train Your Brain in Minutes a Day
2006/11/6 New Super Mario Bros.
Big Brain Academy
Magnetica
Sudoku Gridmaster
Tenchu: Dark SecretStar Fox Command
Mario Hoops 3-on-3
Pokémon Mystery Dungeon: Blue Rescue TeamMario vs. Donkey Kong 2: March of the Minis
Clubhouse Games
Magical Starsign
Pokemon Ranger
Children of Mana
Elite Beat AgentsYoshi's Island DS
Kirby: Squeak Squad

Nintendo DS Lite(Hardware)(Software) Polarium Advance
Final Fantasy Ⅳ AdvancePokémon Mystery Dungeon: Red Rescue Team

2006/4/7 Tetris DS
2006/6/2 Trauma Center:Under the Knife
2006/11/10 Pokémon Link!
Metroid Prime Hunters
Super Princess Peach
DR. KAWASHIMA'S BRAIN TRAINING
HOW OLD IS YOUR BRAIN?
Nintendogs Darmatian & Friends
New Super Mario Bros.
Electroplankton
Big Brain Academy
42 All-Time Classics
English Training
Sudoku Master
Pokémon Mystery Dungeon: Blue Rescue TeamTenchu: Dark Secret
Yoshi's Island DSNotes: Launch dates may be different within the United States and Europe regions depending on territories or countries.

-8-

Launch Date

2006/4/17
2006/5/15
2006/6/5
2006/6/5
2006/6/26
2006/8/21
2006/8/28
2006/9/11
2006/9/18
2006/9/25
2006/10/9
2006/10/23
2006/10/30
2006/10/30
2006/11/6
2006/11/13
2006/12/4

2006/6/23
2006/4/21
2006/4/28
2006/5/5
2006/5/5
2006/5/26
2006/6/6
2006/6/16
2006/6/30
2006/7/7
2006/7/7
2006/9/29
2006/10/13
2006/10/27
2006/11/10
2006/11/24
2006/12/1