The success of Nintendo's two newest consoles, the Wii and the Nintendo DS, has led to Nintendo reporting record profits for the year ending 31st March. The Japanese based company managed revenue of 966.6 billion Yen (about $8 billion US) and operating profits of 266 billion Yen (about $1.9 billion). These figures show a 90% rise in revenue and 150% rise in profits compared to the same period a year ago. Nintendo sold 23 million Nintendo DS units with 123 million DS games during the year (that makes 40 million units since they started selling the handheld), whilst the Wii managed to sell 5.84 million consoles and 29 million games in the five months after its launch. Read on for Nintendo's press release.

NINTENDO POSTS RECORD YEAR ON STRONG NINTENDO DS SALES, BREAKTHROUGH RECEPTION FOR WII

April 26, 2007

Nintendo Co., Ltd., today reported final consolidated fiscal year revenues of 966.5 billion yen and operating profits of 226.0 billion yen for the year ending March 31, 2007, an increase of 90 percent and 150 percent, respectively, over the same period one year ago. Both numbers are record highs for the company.

The results are due largely to full-year sales of more than 23 million portable Nintendo DS systems globally, along with 123 million Nintendo DS games. Since introduction, the Nintendo DS has now eclipsed lifetime sales of 40 million systems.

In addition, in less than five months since introduction, the company sold 5.84 million of its new Wii home video game systems globally, virtually every one snapped up immediately by consumers, along with nearly 29 million Wii games. Wii has taken a step toward becoming a cultural phenomenon, appealing widely to both avid and previously disinterested game-playing audiences.

For the fiscal year beginning April 1, 2007, Nintendo projects sales of 14 million Wii systems and 55 million games worldwide. The company projects sales of 22 million Nintendo DS hardware unit sales and 130 million software units sales. Nintendo forecasts consolidated sales increasing nearly 18 percent to 1.14 trillion yen, and operating profits growing nearly 20 percent to 270 billion yen.

All financial projections are based on an anticipated ratio of 115 yen to the U.S. dollar, and 150 yen to the euro. Using this estimate, recurring and net profits for the year are projected to be flat in anticipation of a foreign currency reevaluation loss.

For more information about Nintendo, please visit Nintendo.com.

Note: Forecasts announced by the company 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.