Nintendo has said that stopping sales in Russia since the country’s invasion of Ukraine has had a small and “negligible effect” on the company’s financial results.
It comes from Nintendo’s 82nd Annual General Meeting of Shareholders, its Q&A section now with a full English translation. This was the same meeting in which a fan asked the company about bringing back a franchise like F-Zero.
During the meeting, one shareholder asked about Nintendo’s future business with Russia — after it invaded Ukraine back in February this year — and its neighboring European territories.
President Shuntaro Furukawa replied: “Since the payment provider for the Nintendo eShop (which operates digital business) in Russia has suspended transactions in Russian rubles, the Russian Nintendo eShop has been in maintenance mode since March 4.
The Legend of Zelda: Breath of the Wild 2. Credits: Nintendo.
“In addition, due to the suspension of Nintendo eShop operations and logistical difficulties, we are not shipping any products to Russia, including physical products. We will not discuss the specific amount of impact, but the impact of this issue on our overall financial results. There is negligible impact because sales in Russia are only a small part of overall sales for the Nintendo Group.
Furukawa noted in his reply that Nintendo halted shipments to Russia and even shut down the eShop in the region, and it appears that both of these measures are still in place while the conflict in Ukraine. continues.
Nintendo senior executive Satoru Shibata said Nintendo is “giving it serious thought about how to proceed in light of the changing affairs of the world,” and added that sales in Europe are still stagnant as the Nintendo Switch hits its sixth year. enters.
The Russian invasion of Ukraine continues to affect the game industry, as Stalker 2 developer GSC Game World recently confirmed that the game was delayed after the studio moved out of its home country of Ukraine.
In other news, itch.io is selling around 800 games for a minimum of £8 in support of the US abortion rights fund.