The Pokemon Company Reports a Net Profit of $143.3 Million, 26 Times Its Previous Net
Pokemon Go elevated the company to great heights, but it was one in a series of new games that helped the company prosper.
The Pokemon Company disclosed a net profit of $143.3 million for the fiscal year ending February 28, roughly 26 times its previous net profit of $5.6 million (via GameSpot).
Kahtan Games, Inc., a blog managed by a consultant to Japan's games industry, observed that the $143.3 net profit is the largest in The Pokemon Company's recent history. The company reported net earnings of $10.6 million for the FY ending in 2013, $18.4 million for 2014, and $5.6 million for the 2015 fiscal year.
Pokemon Go was responsible for a large slice of that pie, but so were Pokemon Sun and Moon, the latest entries in the main Pokemon series, which debuted on 3DS during the recent fiscal year. Nintendo reported back in December that Sun and Moon elevated the Pokemon series the best launch in franchise history. Moreover, Sun and Moon went down in history as the most pre-ordered games in Nintendo's history, as well as the company's fast-selling games in North America.
While Pokemon Go fever has cooled since the game's launch last summer, it's still performing more than well enough for Niantic, Nintendo, and The Pokemon Company. Just this past February the game reached 650 million downloads. Last fall, Pokemon Go earned $600 million in revenue faster than any other mobile game, surpassing even juggernauts like Candy Crush Saga.
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David Craddock posted a new article, The Pokemon Company Reports a Net Profit of $143.3 Million, 26 Times Its Previous Net
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