CONSOLIDATED FINANCIAL HIGHLIGHTS
January 25, 2007 Nintendo Co., Ltd. 11-1 Kamitoba hokotate-cho, Minami-ku, Kyoto 601-8501 Japan
1. Consolidated Results for the Nine Months Ended December 2005 and 2006, and Year Ended March 2006
(1) Consolidated operating results
(Amounts below one million are rounded down)

Net sales

million yen
Nine months ended Dec. 31, '06 Nine months ended Dec. 31, '05 Year ended Mar. 31, '06

Operating income

% million yen %
Income before income taxes and extraordinary items

Net income

million yen %

712,589 412,339 509,249

72.8 (1.7)
167,633 102.5 82,783 (19.7) 90,349

220,713 146,694 160,759

50.5 27.2

131,916 92,185 98,378

43.1 36.1

Net income per share

1,031.32 713.96 762.28
[Note] Percentage for net sales, operating income etc. show increase (decrease) from previous third quarter period.
With respect to the handheld game products of the electronic entertainment division, both "Nintendo DS" hardware and software recorded very strong sales for the nine month period ended December 31, 2006. "Nintendo DS" hardware has been the fastest rising game platform ever in the Japan market, and, in addition, has sold well in overseas markets. As a result, sales in the first three quarters have reached 18.88 million units on a worldwide basis. As for Nintendo DS software, net sales have also accelerated, supported by a number of millon-seller titles. Sales have been led by "New Super Mario Bros.", with 8.64 million units sold on a worldwide basis and continuing strong sales of "Touch! Generations" titles such as "Brain Age: Train Your Brain in Minutes a Day!" and "Nintendogs". In the console business, "Wii" hardware (launched at the end of last year) got off to a favorable start and Wii software titles such as "The Legend of Zelda : Twilight Princess" enjoyed brisk sales as well. As a result, net sales rose to 712.5 billion yen (72.8% up y/y), causing operating income to reach 167.6 billion yen (102.5% up y/y) despite a rise in selling, general, and administrative expenses, which was primarily driven by higher marketing expenses. Income before income taxes and extraordinary items was 220.7 billion yen (50.5% up y/y) primarily due to 26.0 billion yen (45.2 billion yen last nine-month period) of foreign exchange gains. Net income reached 131.9 billion yen exceeding last year by 43.1%.
(2) Consolidated financial position
Total assets million yen 1,486,890 1,180,069 1,160,703 Net assets million yen 1,060,290 967,986 974,091 Capital adequacy ratio % 71.3 82.0 83.9 Net assets per share yen 8,288.47 7,567.36 7,613.79
As of Dec. 31, '06 As of Dec. 31, '05 As of Mar. 31, '06

Consolidated cash flows

Cash flows from operating activities million yen 115,073 (749) 46,382 Cash flows from investing activities million yen 54,019 (52,427) (208,807) Cash flows from financing activities million yen (49,311) (59,355) (60,166) Cash and cash equivalents - Ending million yen 763,523 726,805 617,139

Total assets as of December 31, 2006 increased by 326.1 billion yen compared to the previous fiscal year-end to 1,486.8 billion yen, mainly due to the increase in notes and trade accounts receivable resulting from the recent boost in net sales. As for consolidated cash flows, net cash from operating activities increased by 115.0 billion yen primarily due to subtracting the payment of income taxes from the income before income taxes and minority interests. Net cash from investing activities increased by 54.0 billion yen primarily due to proceeds from time deposits exceeding the transfer payments for deposits. Net cash from financing activities decreased by 49.3 billion yen primarily due to the payment of cash dividends. As a result, net cash and cash equivalents during the nine month period ended December 31, 2006 increased by 146.3 billion yen versus the beginning of the reporting period to 763.5 billion yen.
[Note] Forecast of consolidated results for the fiscal year ending March 2007 (April 1, 2006 - March 31, 2007)
Net sales million yen 900,000 Operating income million yen 185,000
Net income million yen 120,000
Year ending March 31, 2007

million yen 210,000

Estimated annual earnings per share: 938.16 yen Note with respect to financial forecast The consolidated earnings forecast for the fiscal year ending March 2007 remains unchanged from the forecast announced on January 10, 2007. Estimated exchange rates for the fiscal year ending March 2007 are 115 yen per U.S. dollar and 143 yen per euro. 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.

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Nintendo Co., Ltd.
1. Summary of Consolidated Balance Sheets

million yen, %

Description (Assets) Current assets
Cash and deposits Notes and trade accounts receivable Inventories Other current assets Allowance for doubtful accounts

As of December 31, 2006

As of March 31, 2006

Increase (Decrease)

As of December 31, 2005

Amount

Total current assets Fixed assets Total fixed assets Total assets (Liabilities) Current liabilities
Notes and trade accounts payable Accrued income taxes Other current liabilities
866,585 190,321 47,981 208,308 (2,258) 1,310,938 175,952 1,486,890
812,064 43,826 30,835 133,518 (1,514) 1,018,730 141,972 1,160,703

54,521 146,495 17,146 74,789 (744) 292,208 33,979 326,187

28.7 23.9 28.1

795,172 112,071 37,425 99,915 (2,131) 1,042,454 137,615 1,180,069
Total current liabilities Non-current liabilities Total non-current liabilities Total liabilities (Minority interests) Minority interests (Shareholders' equity) Common stock Additional paid-in capital Retained earnings Unrealized gains on other securities Translation adjustments Treasury stock, at cost Total shareholders' equity Total liabilities, minority interests, and shareholders' equity (Net assets) Owners' equity
Common stock Additional paid-in capital Retained earnings Treasury stock, at cost
263,893 62,394 95,175 421,462 5,137 426,599 -
83,817 53,040 45,416 182,274 4,161 186,10,065 11,585 1,096,073 10,(155,112) 974,091 1,160,703
180,075 9,354 49,758 239,240,164 -

131.2 23.5 128.8 -

108,224 46,494 52,607 207,326 4,567 211,10,065 11,584 1,089,881 10,(155,079) 967,986 1,180,069
Total owners' equity Valuation and translation adjustments
Unrealized gains on other securities Translation adjustments
10,065 11,586 1,177,919 (155,302) 1,044,268 8,824 7,051 15,1,060,290 1,486,890
Total valuation and translation adjustments Minority interests Total net assets Total liabilities and net assets
2. Summary of Consolidated Statements of Income
Nine months ended December 31, 2006 Nine months ended December 31, 2005 Increase (Decrease) Year ended March 31, 2006

Description

Net sales Cost of sales Gross margin Selling, general, and administrative expenses Operating income Other income
Foreign exchange gain Other
712,589 411,862 300,727 133,093 167,633 53,793 26,069 27,220,713 1,221,734 89,847 (29) 131,916
412,339 237,322 175,017 92,233 82,783 64,268 45,226 19,146,694 6,153,327 61,176 (34) 92,185
300,249 174,539 125,710 40,859 84,850 (10,474) (19,157) 8,74,018 (5,840) (228) 68,406 28,39,730

509,249 294,133

215,115 124,766
90,349 70,897 45,515 25,381 487
Other expenses Income before income taxes and extraordinary items Extraordinary gains Extraordinary losses Income before income taxes and minority interests Income taxes Minority interests Net income

160,759 7,360 1,648

166,470 68,138 (46)

98,378

3. Summary of Consolidated Statements of Cash Flows
million yen Nine months ended December 31, 2006 Description Amount Nine months ended December 31, 2005 Amount Year ended March 31, 2006 Amount
Cash flows from operating activities
Income before income taxes and minority interests Foreign exchange loss (gain) Decrease (increase) in notes and trade accounts receivable Decrease (increase) in inventories Increase (decrease) in notes and trade accounts payable Other, net

Sub-total

Income taxes paid Other, net
Net cash provided by (used in) operating activities Cash flows from investing activities
Proceeds from (payment for) time deposits Proceeds from sale or redemption (payment for acquisition) of securities Proceeds from (payment for) investments in securities Other, net
221,734 (27,807) (137,913) (15,069) 135,927 18,176 195,045 (103,528) 23,556 115,073
153,327 (46,085) (56,315) 15,(14,042) 52,746 (70,322) 16,826 (749)
166,470 (46,577) 9,140 21,554 (28,679) (23,909) 97,999 (74,853) 23,236 46,382
91,735 7,284 (39,407) (5,592) 54,019
(74,531) 13,193 10,663 (1,752) (52,427)
(202,461) (8,445) 4,767 (2,666) (208,807)
Net cash provided by (used in) investing activities Cash flows from financing activities
Cash dividends paid Other, net
Net cash provided by (used in) financing activities Effect of exchange rate changes on cash and cash equivalents
(49,111) (200) (49,311) 26,603 146,384 617,139 763,523
(34,171) (25,183) (59,355) 46,609 (65,921) 792,727 726,805
(34,943) (25,223) (60,166) 47,003 (175,587) 792,727 617,139
Net increase (decrease) of cash and cash equivalents Cash and cash equivalents - Beginning Cash and cash equivalents - Ending
4. Consolidated Sales Information
Business Main Products Category Electronic Hardware Entertainment Software Products Sub-Total Other Playing Cards, Karuta, etc. Total
Nine Months Ended Nine Months Ended December 31, 2006 December 31, 2005
419,151 291,260 710,411 2,177 712,589 232,467 178,263 410,731 1,608 412,339
Year ended March 31, 2006
281,484 225,588 507,072 2,176 509,249
5. Supplementary Information
(1) Consolidated sales units, number of new titles, and sales unit forecast
Sales Units in Ten Thousands Number of New Titles Released
Nine months Apr.-Dec. '06

Game Boy Advance

Hardware Japan The Americas Other Total Japan of which Game Boy Advance SP The Americas Other Total of which Game Boy Micro Japan The Americas Other Total Software Japan The Americas Other Total New titles Japan The Americas Other Hardware Japan Nintendo DS The Americas Other Total Japan of which Nintendo DS Lite The Americas Other Total Software Japan The Americas Other Total New titles Japan The Americas Other Hardware Japan Nintendo GameCube The Americas Other Total Software Japan The Americas Other Total New titles Japan The Americas Other Hardware Japan Wii The Americas Other Total Software Japan The Americas Other Total New titles Japan The Americas Other

237 2,3,629 1,1,675 3,986 2,872 2,522 9,38 1,1,416 1,33 27
Nine months Apr.-Dec. '3,031 1,429 5,1,468 1,3,265 2,2,-
Life-to-date Dec. '06 1,664 4,070 2,152 7,2,306 1,178 4,240 7,219 20,608 8,423 36,1,443 1,018 1,100 3,1,733 6,520 4,955 3,949 15,402 1,2,152 2,735 13,485 4,215 20,416 1,33 27

Forecast

Apr. '06-Mar. '07

400 *1

2,300 *2

10,000

2,100 *3
[Notes] New titles-Other include new titles in the European and Australian markets. *1 the sum of Game Boy Advance, Game Boy Advance SP, and Game Boy Micro units *2 the sum of Nintendo DS and Nintendo DS Lite units *3 software bundled with Wii hardware not included in the forecast
(2) Balance of assets in major foreign currencies without exchange contract (non-consolidated)
million US dollars / euros

US$ US$ EUR EUR

Cash and Deposits Accounts Receivable Cash and Deposits Accounts Receivable
As of Dec. 31, '06 Ending Balance 2,968 531
Average Exchange Rate Apr.-Dec. '06 US$1.00 116.19 EUR1.00 147.96
Exchange Rate as of Dec. 31, '06 119.11 156.50
Launch Dates of Primary NINTENDO Products by Region (Apr. - Dec. 2006)
Nintendo GameCube Region Category Japan

(Hardware)

Wii Launch Date Title

Launch Date

2006/12/2

(Software)

Odama Legend of Zelda, The:Twilight Princess

2006/4/13 2006/12/2

Wii Sports Wario Ware: Smooth Moves Legend of Zelda, The:Twilight Princess Wii Play (Wii Remote bundled) Pokemon Battle Revolution
2006/12/2 2006/12/2 2006/12/2 2006/12/2 2006/12/14
The (Hardware) United States (Software)

Wii (Wii Sports bundled)

2006/11/19
Odama Baten Kaitos Origins Legend of Zelda, The:Twilight Princess
2006/4/10 2006/9/25 2006/12/11
Legend of Zelda, The:Twilight Princess Excite Truck

2006/11/19 2006/11/19

Europe

2006/12/8

Chibi-Robo! Legend of Zelda, The:Twilight Princess

2006/5/26 2006/12/15

Legend of Zelda, The:Twilight Princess Wii Play (Wii Remote bundled)

2006/12/8 2006/12/8

Notes: Launch dates may be different within the United States and Europe regions depending on territories or countries.
Region Japan Category (Hardware) (Software) Eyeshield 21DEVILBATS DEVILDAYS EarthBound 3 Karuchobit bit Generations dotstream bit Generations BOUNDISH bit Generations DIALHEX bit Generations COLORIS bit Generations ORBITAL bit Generations DIGIDRIVE bit Generations Soundvoyager Rhythm Tengoku 2006/4/6 2006/4/20 2006/5/18 2006/7/13 2006/7/13 2006/7/13 2006/7/27 2006/7/27 2006/7/27 2006/7/27 2006/8/3 Densetsu no Stafy 4 Kanji Sonomama DS Rakubiki Jiten Tabi no Yubisashi KaiwachoDS DSseries1 Thai Tabi no Yubisashi KaiwachoDS DSseriesChina Tabi no Yubisashi KaiwachoDS DSseriesKorea Tabi no Yubisashi KaiwachoDS DSseriesAmerica Tabi no Yubisashi KaiwachoDS DSseriesGermany Tetris DS New Super Mario Bros. Mawashite Tsunageru Touch Panic Metroid Prime Hunters Magical Starsign Project Hacker Kakusei Shaberu! DS Oryori Navi Mario Hoops 3-on-3 Star Fox Command Chosoju Mecha MG Mogitate Tinkle no Barairo Ruppi-land Yakuman DS (Wi-Fi enabled) Pokmon Diamond Pokmon Pearl Gekito! Custom Robo Otona no Joshikiryoku Training DS Kirby: Squeak Squad Magic Taizen Jump Ultimate Stars Kenko Oen Recipe1000 DS Kondatezenshu Touch de Tanoshimu Hyakuninisshu DS Sigureden 2006/4/13 2006/4/13 2006/4/20 2006/4/20 2006/4/20 2006/4/27 2006/4/27 2006/4/27 2006/5/25 2006/5/25 2006/6/1 2006/6/22 2006/7/13 2006/7/20 2006/7/27 2006/8/3 2006/9/2 2006/9/2 2006/9/14 2006/9/28 2006/9/28 2006/10/19 2006/10/26 2006/11/2 2006/11/16 2006/11/23 2006/12/7 2006/12/14 Game Boy Advance Title Nintendo DS Launch Date Title Launch Date

The United States

(Hardware) (Software) Pokmon Mystery Dungeon: Red Rescue Team Final Fantasy Advance
Nintendo DS Lite 2006/9/18 Brain Age:Train Your Brain in Minutes a Day 2006/11/6 New Super Mario Bros. Big Brain Academy Magnetica Sudoku Gridmaster Tenchu: Dark Secret Star Fox Command Mario Hoops 3-on-3 Pokmon Mystery Dungeon: Blue Rescue Team Mario vs. Donkey Kong 2: March of the Minis Clubhouse Games Magical Starsign Pokemon Ranger Children of Mana Elite Beat Agents Yoshi's Island DS Kirby: Squeak Squad
2006/6/11 2006/4/17 2006/5/15 2006/6/5 2006/6/5 2006/6/26 2006/8/21 2006/8/28 2006/9/11 2006/9/18 2006/9/25 2006/10/9 2006/10/23 2006/10/30 2006/10/30 2006/11/6 2006/11/13 2006/12/4
(Hardware) (Software) Polarium Advance Final Fantasy Advance Pokmon Mystery Dungeon: Red Rescue Team
Nintendo DS Lite 2006/4/7 Tetris DS 2006/6/2 Trauma Center:Under the Knife 2006/11/10 Pokmon Link! Metroid Prime Hunters Super Princess Peach DR. KAWASHIMA'S BRAIN TRAINING HOW OLD IS YOUR BRAIN? Nintendogs Darmatian & Friends New Super Mario Bros. Electroplankton Big Brain Academy 42 All-Time Classics English Training Sudoku Master Pokmon Mystery Dungeon: Blue Rescue Team Tenchu: Dark Secret Yoshi's Island DS
2006/6/23 2006/4/21 2006/4/28 2006/5/5 2006/5/5 2006/5/26 2006/6/6 2006/6/16 2006/6/30 2006/7/7 2006/7/7 2006/9/29 2006/10/13 2006/10/27 2006/11/10 2006/11/24 2006/12/1