Nintendo Reports Net Income of ¥147.4 Billion and Revenue of ¥517.8 Billion for Fiscal First Quarter
46Framing Analysis
Nintendo posted net income of ¥147.4 billion and revenue of ¥517.8 billion for the quarter ended June 30, exceeding analyst estimates of approximately ¥78 billion in net income and ¥445-449 billion in revenue. Hardware sales for the Nintendo Switch and Switch 2 declined year-over-year, while the company maintained its full-year net sales forecast of 2.05 trillion yen. Earnings received a boost from U.S. tariff refunds that also benefited Sony and Canon.