Nintendo tops estimates with strong games and tariff refunds
The Kyoto-based company posted net income of ¥147.4 billion for the June quarter, compared with an analyst consensus estimate of ¥77.8 billion.
Nintendo has exceeded market expectations with strong financial results for the June quarter, driven by robust game sales and refunds on U.S. tariffs. The Japanese video game giant reported a net income of ¥147.4 billion ($934 million), significantly surpassing analysts' estimates of ¥77.8 billion. Revenue reached ¥517.8 billion, outpacing the anticipated ¥448.8 billion.
These impressive figures can be attributed to the U.S. reversing tariffs on Nintendo hardware and the success of popular first-party titles such as Pokemon Pokopia and Tomodachi Life: Living the Dream. The company's flagship Switch 2 console, launched last summer, has contributed to this growth despite facing challenges like rising component costs and tariffs.
While Nintendo has released several well-received games, high-profile franchises like Super Mario and The Legend of Zelda have yet to achieve blockbuster sales levels on the recent console. Analysts caution that investors may remain concerned about the impact of tariffs and component price increases on the company's profitability.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
