|
Nintendo, based in Japan’s ancient capital of Kyoto, said its
profit for the half-year totaled 198.9 billion yen, or $1.3
billion, up from 108.6 billion yen the year before.
Sales for the first half of this fiscal year rose to nearly 1.1
trillion yen ($7.1 billion) from 523 billion yen in the same
period of 2024.
Nintendo, which makes Super Mario and Pokemon games, did not
provide a break down of quarterly data.
Nintendo’s video game sales were solid, although with no new
movies revenue from its content business slowed.
Nintendo raised its profit forecast for the full fiscal year
through March 2026 to 350 billion yen ($2.3 billion).
Previously, it had expected a 300 billion yen ($1.9 billion)
profit.
It also raised its forecast for Switch 2 machine sales to 19
million units from the earlier 15 million.
Nintendo says it had sold more than 10 million Switch 2s by the
end of September. Popular Switch 2 game software include “Mario
Kart World” and “Donkey Kong Bananza.”
Sales of the older Nintendo Switch have fallen, but Switch game
sales are still going strong because they can be played on
Switch 2 machines.
Analysts expect Nintendo’s earnings to stay strong with the
upcoming holiday season, when it tends to do well. They also
expect key new games in the Pokemon and Kirby franchises.
Nintendo stocks, which have been rising relatively steadily over
the past year, fell 0.8% on Tuesday.
All contents © copyright 2025 Associated Press. All rights reserved
|
|
