Overview
- Nintendo reported on Thursday that net profit for the April–June quarter rose 53.5% to ¥147.4 billion while revenue fell 9.5% to ¥517.8 billion.
- The Switch 2 sold 3.82 million units in the quarter, bringing lifetime sales to 23.68 million, but hardware shipments were down 34.4% year‑on‑year as the console moved beyond its launch surge.
- Nintendo said a one‑time U.S. IEEPA tariff refund previously booked as cost of sales materially boosted operating profit, with coverage estimating the refund at about $300 million.
- Digital game revenue jumped roughly 90% year‑on‑year and now accounts for about 61.5% of software sales, while first‑party hits such as Mario Kart World and Tomodachi Life recorded strong lifetime numbers.
- The company kept its full‑year forecast of 16.5 million Switch 2 consoles and 60 million software units and plans price increases in key markets plus a packed first‑party slate to protect margins and expand the installed base.