Nintendo Co., Ltd.

May 9, 2023

CONSOLIDATED FINANCIAL HIGHLIGHTS

Nintendo Co., Ltd.
11-1 Hokotate-cho, Kamitoba,
Minami-ku, Kyoto 601-8501
Japan(Amounts below one million yen are rounded down)

Consolidated Results for the Years Ended March 31, 2022 and 2023
(1) Consolidated operating results
Net sales

Operating profit

million yen
1,601,677
1,695,344

Year ended March 31, 2023
Year ended March 31, 2022

%
(5.5)
(3.6)

Profit attributableto owners of parent

Ordinary profit

million yen%
504,375 (14.9)
592,760 (7.5)

million yen%
601,070 (10.4)
670,813 (1.2)

million yen
432,768
477,691

%
(9.4)
(0.6)

[Notes]Percentages for net sales, operating profit etc. show decrease from the previous fiscal year.
Comprehensive income: Year ended March 31, 2023: 486,661 million yen [(8.3%)] Year ended March 31, 2022: 530,498 million yen [0.5%]

Diluted profit
per shareyen-

Profit per shareyen
371.41404.67

Year ended March 31, 2023
Year ended March 31, 2022

Ordinary profit
on total assets

Return on equity%

Operating profit
to net sales
%

20.0
24.2

%

21.8
26.3

31.5
35.0

[Reference]
Share of profit of entities accounted for using equity method: Year ended March 31, 2023: 26,599 million yen Year ended March 31, 2022: 26,672 million yen
The Company enacted a 10-for-1 stock split of its common stock with an effective date of October 1, 2022
Profit per share is calculated based on the assumption that the stock split was implemented at the beginning of the previous fiscal year.

(2) Consolidated financial positions

As of March 31, 2023
As of March 31, 2022

Total assets

Net assets

Capital adequacy ratio

Net assets per share

million yen
2,854,284
2,662,384

million yen
2,266,466
2,069,310%

yen
1,946.55
1,763.56

79.4
77.7

[Reference]
Shareholders equity: As of March 31, 2023: 2,266,234 million yen

As of March 31, 2022: 2,069,043 million yen

The Company enacted a 10-for-1 stock split of its common stock with an effective date of October 1, 2022
Net assets per share is calculated based on the assumption that the stock split was implemented at the beginning of the previous fiscal year.

(3) Consolidated cash flows
Cash flows fromoperating activities
million yen
322,843
289,661

Year ended March 31, 2023
Year ended March 31, 2022

Cash flows frominvesting activities
million yen
111,507
93,699Cash flows fromfinancing activities
million yen(290,973)(337,010)

Cash and cash
equivalents - ending
million yen
1,194,569
1,022,718

Dividends
Dividend per share
End of 2nd quarter

Year-end

AnnualDividends in total(annual)million yen

yen

yen

yen

Year ended March 31, 2022

620.001,410.00

2,030.00

238,163

Year ended March 31, 2023

630.00123.00-216,546--

Year ending March 31,
2024

Dividend payout ratio(consolidated basis)147.00

Dividends on net assets(consolidated basis)

%

%

50.2

12.2

50.1

10.0

50.3

[Notes]The Company enacted a 10-for-1 stock split of its common stock with an effective date of October 1, 2022.
The dividend for the 2nd quarter of the fiscal year ended March 31, 2023 presents the amount prior to the stock split.
The dividend for the year-end of the fiscal year ended March 31, 2023 presents the amount after the stock split.
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 thedividend forecast for the fiscal year ending March 31, 2024, only the annual dividend is described because the financial forecast for the year is prepared only on a full fiscal year
basis and the dividend cannot be separately forecasted between the interim and the fiscal year-end.

-1-

Nintendo Co., Ltd.

Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2024
Net salesYear ending March 31, 2024

million yen
1,450,000

Profit attributable toowners of parent
million yen
million yen%%
480,000 (20.1)
340,000 (21.4)

Operating profit%(9.5)

Ordinary profit

million yen%
450,000 (10.8)

Profit per shareyen
292.04[Notes]Percentages for net sales, operating profit etc. show decrease from the previous fiscal year.

Others(1) Changes for important subsidiaries during the fiscal year ended March 31, 2023

: Not applicable(2) Changes in accounting procedures:
1) Related to accounting standard revisions etc.
2) Other changes
3) Changes in accounting estimates
4) Modified restatements: Not applicable: Not applicable: Not applicable: Not applicable(3) Outstanding shares (common shares)
1) Number of shares outstanding (including treasury shares)
As of Mar. 31, 2023 :1,298,690,000 shares
2) Number of treasury shares
As of Mar. 31, 2023 :
134,460,640 shares
3) Average number of sharesYear ended Mar. 31, 2023 :1,165,213,828 shares

As of Mar. 31, 2022 :1,298,690,000 shares

As of Mar. 31, 2022 :

125,470,220 sharesYear ended Mar. 31, 2022 :

1,180,448,806 shares[Notes]The Company enacted a 10-for-1 stock split of its common stock with an effective date of October 1, 2022
Outstanding shares (common shares) are calculated based on the assumption that the stock split was implemented at the beginning of the previous fiscal year.

(Reference) Non-consolidated Results
Non-consolidated Results for the Years Ended March 31, 2022 and 2023
(1) Non-consolidated operating results
Net salesYear ended March 31, 2023
Year ended March 31, 2022

million yen
1,409,503
1,437,831

Operating profit
%
(2.0)
(2.1)

Ordinary profit

million yen%
429,484 (14.0)
499,525 (7.5)

million yen
630,172
629,958

Profit%0.0
9.9

million yen
484,634
462,509

%
4.8
14.7

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

Profit per shareyen
415.92391.81

Year ended March 31, 2023

Diluted Profit per share
yen-Year ended March 31, 2022
[Notes]The Company enacted a 10-for-1 stock split of its common stock with an effective date of October 1, 2022
Profit per share is calculated based on the assumption that the stock split was implemented at the beginning of the previous fiscal year.

(2) Non-consolidated financial positions

As of March 31, 2023
As of March 31, 2022

Total assets

Net assets

million yen
2,000,964
1,857,584

million yen
1,603,815
1,410,447

Capital adequacy
ratio
%
80.2
75.9

Net assets per shareyen
1,377.58
1,202.20[Reference]
Shareholders equity: As of March 31, 2023: 1,603,815 million yen

As of March 31, 2022: 1,410,447 million yen

The Company enacted a 10-for-1 stock split of its common stock with an effective date of October 1, 2022
Net assets per share is calculated based on the assumption that the stock split was implemented at the beginning of the previous fiscal year.
[Note]
1. This earnings release report is not subject to audit by certified public accountant or audit firm.
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 such as fluctuation in foreign exchange rates and other changes in the market environment. Please notesuch risks and uncertainties may cause the actual results (earnings, dividend, and other results) to be materially different from the forecasts. For details, please refer to "2.
Outlook for the Fiscal Year Ending March 31, 2024" on page 4.

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Nintendo Co., Ltd.

Description of Operating Results
1. Operating Results and Financial Positions for the Fiscal Year Ended March 31, 2023
(1) Operating Results and Financial State for the Fiscal Year Ended March 31, 2023
Looking at the Nintendo Switch business for the full fiscal year (April 2022 to March 2023), good sales were posted for
Pokémon Scarlet and Pokémon Violet, which recorded a total sales of 22.10 million units, and for Splatoon 3, which sold 10.67
million units. Other new titles released during the period also performed well, with Nintendo Switch Sports selling 9.60 million
units. Among titles released through the end of the previous fiscal year, Mario Kart 8 Deluxe sold 8.45 million units (forcumulative sales of 53.79 million units), and Kirby and the Forgotten Land sold 3.81 million units (for cumulative sales of 6.46
million units). As a result, there were 35 titles that sold over a million copies during the period, including titles from other software
publishers.
As for hardware, units sold declined 22.1% year-on-year to 17.97 million units, as shortages of semiconductors and othercomponents impacted production until around the end of summer, and we did not experience the growth in sales mainly during theholiday season that we saw in the previous fiscal year. The sales situation for software remained stable, but unit sales declined
9.0% year-on-year to 213.96 million units, affected to some extent by the decline in hardware sales.
Turning to the digital business for our dedicated video game platform, in addition to the impact of the depreciation of yen, salesof the downloadable versions of packaged software for Nintendo Switch performed well, and revenue related to Nintendo Switch
Online increased, helping to push digital sales to 405.2 billion yen, up 12.7% year-on-year.
Royalty income increased, but income from smart-device content declined, with the result that overall sales in our mobile and IP
related business totaled 51.0 billion yen, down 4.3% year-on-year.
Total sales reached 1,601.6 billion yen, with overseas sales of 1,236.0 billion yen accounting for 77.2% of the total. Operating
profit came to 504.3 billion yen, ordinary profit was 601.0 billion yen, and net profit attributable to owners of parent totaled 432.7
billion yen.
(2) Financial positions as of March 31, 2023
Total assets increased by 191.8 billion yen compared to the prior fiscal year-end to 2,854.2 billion yen mainly due to an increasein cash and deposits and securities. Total liabilities decreased by 5.2 billion yen compared to the prior fiscal year-end to 587.8
billion yen mainly due to a decrease in taxes payable despite an increase in advances received. Net assets increased by 197.1 billion
yen compared to the prior fiscal year-end to 2,266.4 billion yen.
(3) Cash flows for the fiscal year ended March 31, 2023
The ending balance of “Cash and cash equivalents” (collectively, “Cash”) as of March 31, 2023 was 1,194.5 billion yen, with anincrease of 171.8 billion yen during the fiscal year. During the prior fiscal year, there was an increase of 90.6 billion yen. Net
increase (decrease) of Cash and contributing factors during the fiscal year ended March 31, 2023 are as follows:
Net cash provided by (used in) operating activities:
There were decreasing factors contributing to 600.7 billion yen of profit before income taxes such as payment of income taxes
and an increase in inventories, in addition to the impact of the depreciation of yen . However, due to increasing factors such as adecrease in trade receivables, net cash resulted in an increase of 322.8 billion yen compared to an increase of 289.6 billion yen
during the prior year.
Net cash provided by (used in) investing activities:
Net cash from investing activities increased by 111.5 billion yen compared to an increase of 93.6 billion 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 being higher than 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 290.9 billion yen compared to a decrease of 337.0 billion yen during the prioryear mainly due to payments of cash dividends and purchase of treasury shares.

-3-Nintendo Co., Ltd.

2. Outlook for the Fiscal Year Ending March 31, 2024
For hardware, by continuing to convey the appeal of Nintendo Switch, we try to not only put one system in every home, butseveral in every home, or even one for every person. Another objective is to continually release new offerings so more consumers
keep playing Nintendo Switch even longer and we can maximize hardware sales. Looking ahead at software, in addition to The
Legend of Zelda: Tears of the Kingdom in May, and Pikmin 4 in July, add-on content for Pokémon Scarlet and Pokémon Violet in
the form of The Hidden Treasure of Area Zero is on the way. The first part of this add-on content, The Teal Mask, is planned to bereleased in the fall of 2023, and the second part, The Indigo Disk, is planned for release in the winter of 2023. Other software
publishers also plan to release a wide variety of titles, and we will work to invigorate the platform by supplementing existing titles
with a continuous stream of new titles and add-on content.
The Super Mario Bros. Movie was released in theaters in April as part of our efforts to expand the number of people who haveaccess to Nintendo IP. Through initiatives like this, we will work to continually grow our dedicated video game platform business,
which is our core business.
Our financial forecast for the next fiscal year is sales of 1,450.0 billion yen, operating profit of 450.0 billion yen, ordinary profitof 480.0 billion yen, and profit attributable to owners of parent of 340.0 billion yen.
The unit sales forecasts for key products on which these calculations are based can be found on page 14 in the "4. Others" section,
under the heading "(4) Consolidated sales units, number of new titles, and sales units forecast." Assumed exchange rates for the
major currencies are 130 yen per U.S. dollar, and 135 yen per euro.

[Note] Appropriate Use of Earnings Forecasts
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 such as fluctuation in foreign exchange rates and other changes in the market environment.
Please note such risks and uncertainties may cause the actual results (earnings, dividend, and other results) to be materially different from the 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,
and to maintain a strong and liquid financial position in preparation for changes in the business environment and intensifiedcompetition. 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 1 yen digit (10 yen digit before stock split), and the amount calculated based on the 50% consolidated profit standard rounded
up to the 1 yen digit (10 yen digit before stock split).
The end of 2nd quarter (interim) dividend per share is calculated by dividing 33% of consolidated operating profit by the total
number of outstanding shares, excluding treasury shares, as of the end of the six-month period rounded up to the 1 yen digit (10yen digit before stock split).
As a result, the end of 2nd quarter (interim) dividend per share and the year-end dividend per share have been established at 630
and 123 yen respectively. A 10-for-1 split of the Company’s common stock took effect on October 1, 2022. The dividend for the
2nd quarter of the fiscal year ended March 31, 2023 presents the amount prior to the stock split. The dividend for the year-end of
the fiscal year ended March 31, 2023 presents the amount after the stock split. The annual dividend for the fiscal year ended March
31, 2023 would be established at 186 yen based on the assumption that the stock split was implemented at the beginning of thisfiscal year (interim: 63 yen, year-end: 123 yen).
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.

Basic Policy on the Selection of Accounting Standards
In light of the comparability of consolidated financial statements over different fiscal years, Nintendo has a policy of preparing
its consolidated financial statements in accordance with accounting principles generally accepted in Japan, which has been
designed for convergence with International Financial Reporting Standards (IFRS), for the time being. Taking into account thepossible adoption of IFRS in the future, Nintendo continues to collect information and conduct various studies, participating inseminars hosted by external organizations.

-4-Nintendo Co., Ltd.

Consolidated Balance Sheets
million yen

Description

As of March 31, 2022

As of March 31, 2023

(Assets)
Current assets
Cash and deposits

1,206,506

1,263,666

Notes and accounts receivable-trade141,087

119,932

Securities

504,385

615,699

Inventories

204,183

258,628

Other

70,14756,822

(98)

(236)

2,126,212

2,314,513

Buildings and structures, net

42,57145,451Tools, furniture and fixtures, net

4,498

5,229

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

Machinery, equipment and vehicles, net

1,477

1,520

Land

35,33740,995Construction in progress

1,280

6,311

85,16499,50910,241

10,205

Total property, plant and equipment
Intangible assets
Software
Other

7,073

8,390

17,315

18,595Investment securities

312,663276,253

Retirement benefit asset

8,597

8,911

Deferred tax assets

87,996103,670

Other

24,434

32,830433,692

421,666

Total intangible assets
Investments and other assets

Total investments and other assets
Total non-current assets
Total assets-5-536,172

539,770

2,662,384

2,854,284

Nintendo Co., Ltd.

million yen

Description

As of March 31, 2022

As of March 31, 2023

(Liabilities)
Current liabilities
Notes and accounts payable-trade150,910

149,217

Advances received

131,139

160,758

Provision for bonuses

5,459

4,219

Income taxes payable

99,52082,550Other

153,696

136,734

540,726

533,480-133

25,06323,084

Total current liabilities
Non-current liabilities
Provision for directors' compensation
Retirement benefit liability

27,284

31,119Total non-current liabilities

Other

52,34754,337

Total liabilities

593,074

587,818

Share capital

10,065

10,065

Capital surplus

15,041

15,079Retained earnings

2,198,706

2,392,704(Net assets)
Shareholders' equity

Treasury shares
Total shareholders' equity(220,343)(271,049)

2,003,469

2,146,798

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

33,19928,028Foreign currency translation adjustment

32,37391,40665,573

119,435

Total accumulated other comprehensive income

266

232

Total net assets

Non-controlling interests

2,069,310

2,266,466

Total liabilities and net assets

2,662,384

2,854,284-6-

Nintendo Co., Ltd.

Consolidated Statements of Income
million yen

Description

Year ended March 31, 2022

Net salesYear ended March 31, 2023

1,695,344

1,601,677

Cost of sales

749,299

716,237

Gross profit

946,044885,440

Selling, general and administrative expenses

353,283

381,065

Operating profit

592,760

504,375

Interest income

3,317

25,499

Share of profit of entities accounted for using equity method

26,672

26,599Foreign exchange gains

45,62639,720

Other

3,169

5,514

78,786

97,333

Interest expenses

281

122

Loss on sale of securities

42

121

Non-operating income

Total non-operating income
Non-operating expenses

Loss on valuation of investment securities
Other
Total non-operating expenses
Ordinary profit

-

362

409

30

733

637

670,813

601,070

1

48

Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities

347

20

Settlement income

3,300

-

Total extraordinary income

3,648

68

73

382

73

382

Profit before income taxes

674,389

600,757

Income taxes-current

200,469

180,110

Income taxes-deferred(3,794)(12,153)

Total income taxes

196,674

167,957

Profit477,714432,800

Extraordinary losses
Loss on disposal of non-current assets
Total extraordinary losses

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

-7-

22

32

477,691

432,768

Nintendo Co., Ltd.

Consolidated Statements of Comprehensive Income
million yen

Description

Year ended March 31, 2022

ProfitYear ended March 31, 2023

477,714432,800

Valuation difference on available-for-sale securities(417)(5,068)Foreign currency translation adjustment

49,77751,814

Share of other comprehensive income of entities
accounted for using equity method

3,424

7,115

Total other comprehensive income

52,78453,861

Comprehensive income

530,498

486,661

530,476

486,629

22

32

Other comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests-8-

Nintendo Co., Ltd.

Consolidated Statements of Changes in Equity
Year ended March 31, 2022 (April 1, 2021 - March 31, 2022)
million yen
Shareholders' equity

Balance as of April 1, 2021

Share capital

Capital surplus

Retainedearnings

Treasury shares

Total
shareholders'equity10,06515,043

1,993,325(156,851)

1,861,582

Changes during period
Dividends of surplus--(240,702)-(240,702)

Profit attributable to owners of parent--

477,691-

477,691

Purchase of treasury shares

-

-

-

Disposal of treasury shares

-

-

-

Cancellation of treasury shares-(1)

Net changes in items
other than shareholders' equity--

Total changes during period
Balance as of March 31, 2022

(31,607)-(95,100)(95,100)--

31,608

-

-

-

-

(1)

205,380(63,492)

141,887

10,06515,041

2,198,706(220,343)

2,003,469

Non-controllinginterests

Total
net assets

Accumulated other comprehensive income
Valuation
Foreign currency
differencetranslation
on available-foradjustment
sale securities
Balance as of April 1, 2021

33,571(20,782)

Total
accumulated
othercomprehensive
income12,788243

1,874,614

Changes during period
Dividends of surplus

-

-

-

-

(240,702)

Profit attributable to owners of parent

-

-

-

-

477,691

Purchase of treasury shares

-

-

-

-

(95,100)

Disposal of treasury shares

-

-

-

-

-

Cancellation of treasury shares

-

-

-

-

-

Net changes in items
other than shareholders' equity(371)

53,15652,78422

52,807(371)

53,15652,784

22

194,695

33,19932,37365,573266

2,069,310

Total changes during period
Balance as of March 31, 2022

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Nintendo Co., Ltd.

Consolidated Statements of Changes in Equity
Year ended March 31, 2023 (April 1, 2022 - March 31, 2023)
million yen
Shareholders' equity

Balance as of April 1, 2022

Share capital

Capital surplus

Retainedearnings

Treasury shares

Total
shareholders'equity10,06515,041

2,198,706(220,343)

2,003,469

Changes during period
Dividends of surplus--(238,770)-(238,770)

Profit attributable to owners of parent--

432,768-

432,768

Purchase of treasury shares

-

-

-

(50,725)(50,725)

Disposal of treasury shares

-

37

-

19

56

Cancellation of treasury shares

-

-

-

-

-

Net changes in items
other than shareholders' equity

-

-

-

-

-

Total changes during period
Balance as of March 31, 2023-

37

193,997(50,705)

143,329

10,065

15,0792,392,704(271,049)

2,146,798

Non-controllinginterests

Total
net assets

Accumulated other comprehensive income
Valuation
Foreign currency
differencetranslation
on available-foradjustment
sale securities

Total
accumulated
othercomprehensive
income33,19932,37365,573266

2,069,310

Dividends of surplus

-

-

-

-

(238,770)

Profit attributable to owners of parent

-

-

-

-

432,768

Purchase of treasury shares

-

-

-

-

(50,725)

Disposal of treasury shares

-

-

-

-

56

Cancellation of treasury shares

-

-

-

-

-

Net changes in items
other than shareholders' equity(5,171)59,03253,861(34)

53,827

Total changes during period(5,171)59,03253,861(34)

197,156

Balance as of March 31, 2023

28,02891,406

119,435232

2,266,466

Balance as of April 1, 2022
Changes during period- 10 -

Nintendo Co., Ltd.

Consolidated Statements of Cash Flows
million yen
Description

Year Ended March 31, 2022

Year Ended March 31, 2023

674,389
10,527(37)(4,525)(57,324)(26,672)
8,134(84,563)
25,125
2,575(1,824)
3,307
549,112
4,862(281)(264,031)
289,661

600,757
11,04074(27,369)(54,260)(26,599)
31,513(45,792)
9,025(3,826)(358)(6,070)488,134
24,455(131)(189,615)
322,843(943,319)(724,691)

1,015,200

729,907(7,587)
7(354,500)
383,921(21)
93,699(22,190)94(580,310)
708,299398
111,507(95,350)(240,560)(1,099)(337,010)
44,28890,638932,079
1,022,718(50,733)(238,700)(1,540)(290,973)
28,474
171,851
1,022,718
1,194,569

Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using equity method
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in retirement benefit liability
Increase (decrease) in accrued consumption taxes
Other, net

Sub-totalInterest and dividends received
Interest paid
Income taxes paid

Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of short-term and long-term investment securities
Proceeds from sale and redemption of short-termand long-term investment securities
Purchase of property, plant and equipment and intangible assets
Proceeds from sale of property, plant and equipment and intangible assets
Payments into time deposits
Proceeds from withdrawal of time deposits
Other, net

Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Dividends paid
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- 11 -

Nintendo Co., Ltd.

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

million yen
million yen
As of March 31, 2022 As of March 31, 2023

Accumulated depreciation

78,98882,563(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 ofMarch 31, 2022 and 2023 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, 2022

million yen
Year ended
March 31, 2023

1,206,506

1,263,666(304,527)(210,061)

120,739

140,964

1,022,718

1,194,569(Segment information)
Segment information is omitted as Nintendo (the Company and its consolidated subsidiaries) operates as a single
business segment.
(Per share information)

Net assets per share
Profit per share

Year ended
March 31, 2022
yen
1,763.56
404.67

Year ended
March 31, 2023
yen
1,946.55
371.41[Notes]
1. Diluted profit per share is omitted as no residual securities were outstanding as of March 31, 2022 and 2023
2. The Company enacted a 10-for-1 stock split of its common stock with an effective date of October 1, 2022.
Net assets per share and profit per share are calculated based on the assumption that the stock split was implemented at the beginning of the previous
fiscal year.
3. The basis of calculation of profit per share is as follows:

Profit attributable to owners of parent
Amount not attributable to commonshareholders
Profit attributable to owners of parent
related to common shares
Average number of sharesYear ended
March 31, 2022
million yen
477,691

Year ended
March 31, 2023
million yen
432,768--

477,691

432,768

thousands of shares
1,180,448

thousands of shares
1,165,213(Significant subsequent events)
Not applicable- 12 -

Nintendo Co., Ltd.

Othersmillion yen(1) Consolidated sales information

Year ended
March 31, 2023

Year ended
March 31, 2022Japan

The Americas

Europe

Other

Total

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

342,946
326,964
15,982
18,746
3,954
365,647

672,816
660,576
12,24026,385
1,727
700,929

390,463
385,172
5,290
4,426
394,890

138,693
136,488
2,205
1,508
7
140,210

1,544,920
1,509,202
35,71851,0675,689
1,601,677

Japan

The Americas

Europe

Other

Total

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

338,166
324,877
13,28918,907
1,783
358,857

708,382
694,890
13,492
27,467987
736,837

419,012412,4826,529
4,773
423,786

173,666
170,475
3,191
2,193
2
175,862

1,639,227
1,602,725
36,502
53,342
2,773
1,695,344[Note] Digital sales in dedicated video game platform (*4):
Year ended March 31, 2023: 405.2 billion yen

Year ended March 31, 2022: 359.6 billion yen*1 Nintendo Switch platform includes hardware, software (including downloadable versions of packaged software,
download-only software, add-on content and Nintendo Switch Online) and accessories.
*2 Includes platforms other than Nintendo Switch and also amiibo.
*3 Includes income from smart-device content and royalty income.
*4 Includes downloadable versions of packaged software, download-only software, add-on content and Nintendo Switch Online.

million yen(2) Other consolidated information
Year ended March 31, 2022
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 =Consolidated net sales in U.S. dollars
Consolidated net sales in Euros
Non-consolidated purchases in U.S. dollars

Year ended March 31, 2023

16,766
6,046
102,199
93,8386,717
112.34 yen
130.50 yen

33,933
6,404
110,015
94,9847,317
135.38 yen
140.82 yen

6.3 billion
3.1 billion
5.8 billion

4.8 billion
2.7 billion
4.3 billion(3) Balance of major assets and liabilities in foreign currencies (non-consolidated)

USD

Euro

Cash and deposits
Accounts receivable-trade
Accounts payable-trade
Cash and deposits
Accounts receivable-trade

As of March 31, 2022
Exchange rate
Balance
3,125
1 USD=
828
121.83 yen
827
381
1 Euro=135.41 yen
575- 13 -

As of March 31, 2023
Exchange rate
Balance
2,560
1 USD=
893
133.00 yen
816
199
1 Euro=144.67 yen
663

Year ending March 31, 2024
(Forecast)
40,0007,000
120,000
95,000130.00 yen
135.00 yen-

million U.S. dollars/Euros
As of March 31, 2024
Estimated exchange rate
1 USD=
130.00 yen
1 Euro=135.00 yen

Nintendo Co., Ltd.

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

Nintendo Switch (Total)

HardwareJapan
The Americas
EuropeOther
Totalof which Nintendo SwitchJapan
The Americas
EuropeOther
Totalof which Nintendo Switch

Japan– OLED Model

The Americas
EuropeOther
Totalof which Nintendo Switch LiteJapan
The Americas
EuropeOther
Total
SoftwareJapan
The Americas
EuropeOther
Total

New titlesJapan
The Americas
EuropeActualActualApr. '21-Mar. '22

Apr. '22-Mar. '23

519
876
602
309
2,306
256
522
404
174
1,356
161
194
112
113
580
102
159
86
22
370
4,214
10,827
6,578
1,888
23,507
327
361
382

437
697
498
165
1,797
95
267
211
40
614
284
288
238
112
922
58
142
49
13
262
4,579
8,700
6,298
1,820
21,396350
461
402

Sales Units in Ten Thousands
Number of New Titles Released
Forecast
Life-to-date
Mar. '23

2,959
4,900
3,258
1,444
12,562
1,973
3,475
2,426
1,084
8,958
445
482
350
225
1,502
541
942
482
136
2,102
20,01545,62730,091
7,882
103,615
1,526
1,868
1,819

Apr. '23-Mar. '24

1,500

18,000[Notes]

1. Software sales units include both packaged and downloadable versions of software, and do not include download-only software or add-on content.
2. The number of new titles is the number of packaged software.
3. Actual software sales units include the quantity bundled with hardware or other products.
4. Forecasted software sales units do not include the quantity to be bundled with hardware or other products.

- 14 -

Nintendo Co., Ltd.

（5）Management Changes(as of June 23, 2023)①

Anticipated new Executive Officer
Yoshiaki Kuratsune(New: Executive Officer
General Manager, Global Communications Division)(Current: Deputy General Manager, Global Communications Division)②

Retirement of an Executive Officer
Satoshi Yamato(Current: Senior Executive Officer
Representative Director and President, Nintendo Sales Co., Ltd.)* Satoshi Yamato will assume office as a Corporate Advisor. He will also retire as Representative Director andPresident of Nintendo Sales Co., Ltd. due to the expiration of his term at the conclusion of the Annual General
Meeting of Shareholders to be held on June 2023.
③

Role Change of an Executive Officer
Yusuke Beppu(New: Senior Executive Officer
General Manager, Corporate Planning Department)(Current: Executive Officer
General Manager, Corporate Planning Department)* The change will be effective upon approval at the Board of Directors meeting to be held on June 23, 2023.

- 15 -