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Pokémon Go Contributes to Approx. $360 Million Q2 Profits for The Pokémon Company

Pokemon Go

The Pokémon Company recorded profits of close to $360 million in the second quarter of 2016, according to Nintendo’s recently released Q2 financial data.

In official documents, Nintendo says that it “recorded 12.0 billion yen [approx. $115 million USD] of share of profit of entities accounted for using equity method on the consolidated statements of income of the six-month period ended September 30, 2016.” The company goes on to state that this is mainly from The Pokémon Company, of which it holds a 32 percent ownership – suggesting the latter company recorded a profit of approximately $360 million overall.

Nintendo believes that the popularity of Pokémon Go, released for iOS and Android devices in July, also accounted for strong performances elsewhere. In a press release, it stated:

“The release of the smart device application Pokémon GO led to increased sales of software in the Pokémon series released in the past and drove the Nintendo 3DS family hardware sales growth, particularly outside of Japan. The sales volume for hardware this period was 2.71 million units (19 percent increase on a year-on-year basis), while software held steady with the previous year at 19.23 million units sold.”

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  • heavenshitman1

    Hopefully this means they can build an awesome game or 2 for the Switch