Nintendo : Presentation Material（12.7MB）

• Thank you for attending today. I am Shuntaro Furukawa, President of

Nintendo.

Nintendo Co., Ltd.

1

• First, I would like to briefly discuss the consolidated financial results for the first half of the fiscal year ending March 31, 2023 that we announced yesterday.
• During the first half of the fiscal year, net sales, operating profit, ordinary profit and profit attributable to owners of parent all increased year-on-year, primarily due to the depreciation of the yen.
• While unit sales of the Nintendo Switch family of systems declined year- on-year due to factors such as the semiconductor shortage, software sales steadily grew.

Nintendo Co., Ltd.

2

• We have modified the forecast for net sales, ordinary profit and profit attributable to owners of parent for the fiscal year ending March 31, 2023 mainly due to the adjustment of unit sales forecast for Nintendo Switch hardware and exchange rate assumptions.
• For Nintendo Switch hardware, we reduced our forecast by 2.00 million units to 19.00 million units. Although hardware production is on a recovery trend due to gradual improvement in procurement of semiconductors and other components, we have revised the sales forecast based on the production and shipments to date.

Note: Forecasts 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 be materially different from the forecasts (including but not limited to earnings and dividend forecasts).

Nintendo Co., Ltd.

3

• Here, we will provide some further information regarding recent sales of the Nintendo Switch family of systems. The graph on the left shows the sell-in of hardware units for the months of July through September, and the graph on the right shows the sell-through.
• Sell-indeclined by 15% year-on-year. However, although there were slight differences by region and model, overall sell-through remained at the same level year-on-year. Hardware sales were driven by Splatoon 3, as well as evergreen titles during this period, resulting in the overall hardware demand and sales momentum remained stable.
• By continually working to front-load production and selecting appropriate transportation methods in preparation for the holiday season, we will work to deliver as many Nintendo Switch systems as possible to consumers around the world.

Note 1: Sell-in refers to sales by the Nintendo group to outside entities. In addition to units sold to corporate business partners, this number also includes units sold to individual consumers through Nintendo's direct-sales sites or as downloadable software.

Note 2: Sell-through refers to sales made to individual consumers. In addition to units sold by retailers, this number also includes units sold to individual consumers through Nintendo's direct-sales sites and as downloadable software.

Nintendo Co., Ltd.

4

• Now, let's discuss the current state of Nintendo Switch.

Nintendo Co., Ltd.

5