Japanese game maker Nintendo reports robust profits on hit Switch 2 console [Globe and Mail, The (Toronto, Canada)]
NINTENDO CO LTD UNSP/ADR (NTDOY)
NASDAQ:AMEX Investor Relations:
nintendo.co.jp/ir/en
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Source: Globe and Mail, The
For the April-December period, Kyoto-based Nintendo Co. said Tuesday that it recorded a 358.9 billion yen ($2.3 billion) profit, up from 237 billion yen the same period a year earlier. Sales nearly doubled, surging 99%, to 1.9 trillion yen ($12 billion) in the same period, on healthy demand for the Switch 2 console, which went on sale last year. Switch machines are so-called hybrids, working both as a home console and a portable device. The screen is bigger and the graphics quality has improved in the upgrade. Nintendo, owner of the Super Mario and Pokemon franchises, stuck to its projection for a 350 billion yen ($2.3 billion) net profit for the fiscal year through March. It's expecting to sell 19 million Switch 2 machines during the fiscal year. It had already sold nearly 17.4 million Switch 2 machines as of the end of December, the briskest sales rollout for a Nintendo game console. As for Switch 2 software, Nintendo has sold some 14 million units of the “Mario Kart Worl
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- 11/21/25 - Form F-6
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