‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo
Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly sales drop Nintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs. The company said profits surged 53.5% to ¥147.4bn (£694m) over the three months to June, substantially beating expert forecasts for ¥77.8bn.…
Nintendo has announced a substantial boost in profits, with earnings soaring 53.5% to ¥147.4bn (£694m) for the quarter ending June, exceeding market expectations by a considerable margin. This positive turn in financial results is largely attributed to a refund granted by the Trump administration, stemming from the legal invalidity of his controversial tariffs.
Despite a notable decline in overall sales compared to the same period last year, Nintendo's Switch 2 console and popular titles like Yoshi, Mysterious Book, Star Fox, and Pokémon Pokopia demonstrated robust sales performance. The company's Tokyo-listed shares saw a 2.87% increase following the earnings release.
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