Technology

Nintendo to announce Switch successor this fiscal year as profits rise

TOKYO – Japanese video game maker Nintendo said Tuesday that it will announce a successor to its Switch home console sometime before March 2025.

When reporting its financial results, Nintendo did not provide any details about the announcement, including whether the follow-up product would be released this fiscal year, or simply state its plans for it.

“We will be making an announcement about the successor to Nintendo Switch later this fiscal year. “It will be over nine years since we announced the existence of Nintendo Switch in March 2015,” the company’s president Shuntaro Furukawa said in a statement.

Kyoto-based Nintendo Co. reported a 13% rise in profit for the fiscal year ending in March, boosted by solid demand for Switch software such as “The Legend of Zelda: Tears of the Kingdom.”

Nintendo’s net profit for the fiscal year ending March 2024 was 490.6 billion yen ($3 billion), up from 432.7 billion yen in the previous fiscal year. Annual sales rose 4% to 1.67 trillion yen ($11 billion), nearly 80% of which came from outside Japan.

In addition to “The Legend of Zelda,” whose worldwide sales totaled 20.6 million units in the fiscal year, “Super Mario Bros. Wonder” sold 13.4 million units and “Pikmin 4” sold nearly 3.5 million units, according to Nintendo.

The release of the film “The Super Mario Bros. Movie” a year ago also contributed to sales.

The yen’s weakness against the dollar, which boosts the value in yen of overseas profits of Japanese exporters such as Nintendo, also helped. The U.S. dollar averaged about 151 Japanese yen last fiscal year, up from 133 yen the previous fiscal year.

Nintendo, which did not release quarterly figures, was less optimistic about its financial results for the fiscal year ending March 2025, forecasting net profit to fall to 300 billion yen ($1.9 billion).

Nintendo has sold more than 141 million Switch devices, including 15.7 million in the past fiscal year.

Such sales tend to decrease over the years, so providing a steady stream of entertaining games is crucial.

“Endless Ocean Luminous,” which hit stores this month, lets players experience a virtual diving adventure with whales, colorful fish and other sea creatures. Luigi’s Mansion 2, starring the plumber’s brother Mario, hits stores next month.

Nintendo also plans to release a new film worldwide in April 2026. To attract even more fans, Nintendo expects to open Donkey Kong Country at Universal Studios Japan and a Nintendo Museum in Kyoto, both planned for later this year are his franchise.

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Yuri Kageyama is on X: https://twitter.com/yurikageyama



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