Nintendo reports decline in revenue in Russia
Business & Economy
May 05, 2023, 19:53
In March 2022, Nintendo halted sales in Russia due to disruptions of supply chains and problems with payments because of anti-Russian sanctions
MOSCOW, May 5. /TASS/. Revenues of the Russian unit of Japan’s Nintendo plunged by more than six times in 2022 to 379 mln rubles ($5 mln), according to annual accounting statements of its local legal entity.
Net loss the Russian subsidiary of the Japanese gaming consoles developer stood at 233 mln rubles ($3.1 mln) last year, compared to 106 mln rubles ($1.4 mln) of profits in 2021.
In March 2022, Nintendo halted sales in Russia due to disruptions of supply chains and problems with payments because of anti-Russian sanctions. Goods are currently supplied to Russia using the parallel import scheme.