In the nine-month period ending December 31, 2013, the company's revenue earnings were ¥499.1 billion ($4.8 billion), down 8.1 percent on the year before. Profit took a harder hit, falling to ¥10.2 billion ($96.7m), which was down 30 percent. A favourable series of exchanges enabled the company to recoup some of this, however, and thus avoid making a loss.
As a result of this, AFP reports Nintendo president Satoru Iwata will take a 50 percent pay cut for the next five months in recognition of the downturn in profit, while other board members will take cuts of between 20 and 30 percent.
"The Wii U hardware still has a negative impact on Nintendo’s profits owing mainly to its markdown in the United States and Europe, and sales of software, which has high profit margins, did not grow sufficiently," the company revealed.
Despite this, there was some good news on the game front. Thanks to lifetime Wii U sales now sitting at 5.86 million, several of this year's releases broke through the million sales mark by the end of December, including Super Mario 3D World, The Legend of Zelda: Wind Waker HD and Wii Party U. Software sales for the period came in at just under 16 million.
The 3DS on the other hand sold 11.65 million units in the period which, while down on the 12.7 million sold in the same timeframe 12 months prior, still easily makes the handheld one of the most popular devices in the market. Its lifetime sales now sit at 42.75 million units worldwide.
3DS game sales hit 57.25 million units for the period, with several stand-out performers. Chief among these was Pokemon X & Y, which sold 11.6 million units across the globe, though Animal Crossing: New Leaf managed 3.5 million, Mario & Luigi: Dream Team hit 2 million, The Legend of Zelda: A Link Between Worlds achieved 2.18 million (in little over a month) and Tomodachi Collection shifted 1.8 million.
Two weeks ago, the company slashed the amount of Wii U and 3DS consoles it expected to sell by the end of the financial year on March 31, 2014 to 2.8 million and 13.5 million respectively. As a result of today's news, Nintendo now needs to sell 400,000 more Wii U consoles and 1.85 million 3DS handhelds to hit this target.