Nintendo net profit jumps 18% in April-June on strong Switch 2 sales
Sales jumped 2.3-fold to 572.36 billion yen, while operating profit rose 4.4 percent to 56.93 billion yen in the April-June quarter, the Kyoto-based gaming giant said.
The upbeat results came as Nintendo released the Switch 2, its first new console in more than eight years, on June 5.
Nintendo sold 5.82 million units of the Switch 2 during the quarter, up from 2.1 million units of the previous model in the same period last year.
Nintendo sold 33.07 million copies of software in the three-month period, including 8.67 million for the Switch 2, up from 30.64 million for the original model a year earlier.
Among game titles, "Mario Kart World," which was released on the same day as the hardware, posted sales of 5.63 million copies.
As the Switch 2 is compatible with game software for the older Switch, titles such as "Mario Kart 8 Deluxe" and "Super Mario Party Jamboree" also contributed to sales growth, the company said.
Nintendo left unchanged its earnings forecast for the year through March 2026, expecting a 7.6 percent rise in net profit to 300 billion yen on sales of 1.9 trillion yen, up 63.1 percent.
For the full business year, Nintendo aims to sell 15 million Switch 2 consoles and 45 million copies of game software for the new device.
Nintendo President Shuntaro Furukawa said in May that the earnings forecast for the year ending March 2026 reflects a negative impact from higher U.S. import tariffs.
He said if the company decides to raise prices of its products, the move could slow sales.
Japan cut a deal with the United States last week on a 15 percent tariff on cars and other products.
The agreement will not affect its earnings forecast, the company said in a release.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Japan Today
15 hours ago
- Japan Today
Australia to seek deal with Japan in frigate development talks
The Australian government conveyed to the Japanese government on Monday that it plans to prioritize Japan over Germany in negotiating a deal for building a fleet of new frigates for its navy, a Japanese government source said. The deal, if closed after both sides can agree on prices, would mark a major arms export from Japan following an ongoing project between Japan, Britain and Italy to jointly develop a next-generation fighter jet. The Australian project calls for spending up to A$10 billion ($6.48 billion) to build 11 frigates with an eye toward bringing the first into service in 2029. The Australian, a Sydney-based newspaper, reported earlier in the day that Canberra is expected to decide this week on whether to partner with Japan or Germany in the project to replace its aging Anzac-class frigates. In competing with Germany over the potential major arms deal, Japan has proposed jointly developing frigates based on the Mogami-class vessels used by its Maritime Self-Defense Force. However, the Mogami-class frigates are believed to be costlier than the ones proposed by Germany, as well as a potentially riskier choice due to Japan's lack of experience in building warships overseas, according to The Australian. Japan has stringent transfer rules for defense equipment capable of projecting a high degree of lethal force, but transfer is allowed for such equipment that is jointly developed and produced. The Japanese government determined at its National Security Council in November that Japan could participate in the frigate project. The following month, it launched a group together with defense contractors such as Mitsubishi Heavy Industries Ltd. to lead Tokyo's bid to be a partner in the Australian project. Japan has touted its Mogami-class frigates, built by Mitsubishi Heavy Industries, as stealthy vessels that require fewer crew members to operate. © KYODO
Japan Today
16 hours ago
- Japan Today
China's Baidu to deploy robotaxis on rideshare app Lyft
China's tech companies and automakers have poured billions of dollars into self-driving technology in recent years Chinese internet giant Baidu plans to launch its robotaxis on rideshare app Lyft in Germany and Britain in 2026, pending regulatory approval, the two companies said on Monday. Last month, Baidu announced a similar agreement with Uber in Asia and the Middle East as it seeks to take pole position in the competitive autonomous driving field both at home and abroad. Lyft and Baidu said Monday that "in the following years" the fleet of Apollo Go driverless cars will be expanded to thousands of vehicles across Europe. They did not specify which other countries the cars would be deployed in, and it was not clear how long it might take to gain regulatory approval for the initial deployment. Driverless taxis are already on some roads with limited capacity in the United States and China, most notably in the central city of Wuhan, where a fleet of over 500 can be hailed by app in designated areas. Their reach is spreading, with Shanghai's financial district Pudong recently announcing a batch of permits for multiple companies to operate robotaxis. China's tech companies and automakers have poured billions of dollars into self-driving technology in recent years, with intelligent driving the new battleground in the country's cutthroat domestic car market. Baidu is not alone among Chinese companies in searching to expand its foothold abroad. Its rival WeRide is also active in the Gulf region, and in January announced it had been picked to lead a small pilot project in Switzerland. another Chinese company, said in May that it had signed a deal to launch its self-driving taxis on Uber in "a key market in the Middle East later this year". San Francisco-based Lyft in April said it had agreed to buy German taxi app Freenow, planting a flag in the European market. The acquisition marked Lyft's "most significant expansion outside North America", the group said. © 2025 AFP
Kyodo News
16 hours ago
- Kyodo News
Australia to seek deal with Japan in frigate development talks
TOKYO - The Australian government conveyed to the Japanese government on Monday that it plans to prioritize Japan over Germany in negotiating a deal for building a fleet of new frigates for its navy, a Japanese government source said. The deal, if closed after both sides can agree on prices, would mark a major arms export from Japan following an ongoing project between Japan, Britain and Italy to jointly develop a next-generation fighter jet. The Australian project calls for spending up to AU$10 billion ($6.48 billion) to build 11 frigates with an eye toward bringing the first into service in 2029. The Australian, a Sydney-based newspaper, reported earlier in the day that Canberra is expected to decide this week on whether to partner with Japan or Germany in the project to replace its aging Anzac-class frigates. In competing with Germany over the potential major arms deal, Japan has proposed jointly developing frigates based on the Mogami-class vessels used by its Maritime Self-Defense Force. However, the Mogami-class frigates are believed to be costlier than the ones proposed by Germany, as well as a potentially riskier choice due to Japan's lack of experience in building warships overseas, according to The Australian. Japan has stringent transfer rules for defense equipment capable of projecting a high degree of lethal force, but transfer is allowed for such equipment that is jointly developed and produced. The Japanese government determined at its National Security Council in November that Japan could participate in the frigate project. The following month, it launched a group together with defense contractors such as Mitsubishi Heavy Industries Ltd. to lead Tokyo's bid to be a partner in the Australian project. Japan has touted its Mogami-class frigates, built by Mitsubishi Heavy Industries, as stealthy vessels that require fewer crew members to operate.
