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Nintendo, 21% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Fri May 8, 2026 3:30 pm JST Earnings

7974 Nintendo Co., Ltd. 【J-GAAP】

Earnings Report

Nintendo Co., Ltd. <7974> [TSE Prime] announced its financial results after the market closed on May 8th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 expanded to 45.6% from the previous period to 542 billion yen. However, for the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 20.7% from the previous period to 430 billion yen.

At the same time, the company increased the annual dividend for the previous term from 181 yen to 219 yen (compared to 120 yen in the prior term), and has decided to reduce the dividend this fiscal year to 162 yen, a decrease of 57 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 91.1% from the same period last year, reaching 86.3 billion yen. However, the operating profit margin decreased from 16.7% in the same period last year to 14.7%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,671,865 528,941 680,497 490,602 421.4 211 May 7, 2024 J-GAAP
Mar, 2025 1,164,922 282,553 372,316 278,806 239.5 120 May 8, 2025 J-GAAP
Mar, 2026 2,313,051 360,117 542,196 424,056 364.5 219 May 8, 2026 J-GAAP
YoY +98.6% +27.5% +45.6% +52.1% +52.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 2,250,000 370,000 460,000 350,000 303.6 181 Nov 4, 2025 J-GAAP
Mar, 2026 Results 2,313,051 360,117 542,196 424,056 364.5 219 May 8, 2026 J-GAAP
Revision Rate +2.8% -2.7% +17.9% +21.2% +20.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 1,099,565 145,181 236,040 198,936 170.9 42 Nov 4, 2025 J-GAAP
Apr - Sep, 2026 Guidance May 8, 2026 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 1,164,922 282,553 372,316 278,806 239.5 120 May 8, 2025 J-GAAP
Mar, 2026 2,313,051 360,117 542,196 424,056 364.5 219 May 8, 2026 J-GAAP
Mar, 2027 Guidance 2,050,000 370,000 430,000 310,000 268.9 162 May 8, 2026 J-GAAP
YoY -11.4% +2.7% -20.7% -26.9% -26.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 208,704 34,956 45,199 41,617 35.8 16.7 May 8, 2025 J-GAAP
Apr - Jun, 2025 572,363 56,928 95,822 96,032 82.5 9.9 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 527,202 88,253 140,218 102,904 88.4 16.7 Nov 4, 2025 J-GAAP
Oct - Dec, 2025 806,318 155,212 219,802 159,927 137.4 19.2 Feb 3, 2026 J-GAAP
Jan - Mar, 2026 407,168 59,724 86,354 65,193 56.0 14.7 May 8, 2026 J-GAAP
YoY +95.1% +70.9% +91.1% +56.6% +56.8%

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