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Nintendo plunges in off-exchange trading on 27% profit decline forecast for March 2027
Nintendo Co., Ltd. <7974> slumped in off-exchange trading on the Japannext Proprietary Trading System (PTS), falling more than 6% from its May 8 closing price on the Tokyo Stock Exchange. The move followed the company's announcement after the market close on May 8 of its results for the fiscal year ended March 2026 and guidance for the year ending March 2027. Nintendo projected sales of 2.05 trillion yen (down 11.4% year-on-year), operating profit of 370 billion yen (up 2.7%), and net profit of 310 billion yen (down 26.9%). A forecast annual dividend of 162 yen, representing a 57 yen cut, also triggered a sell-off. The forecasts are based on exchange rate assumptions of 150 yen per U.S. dollar and 175 yen per euro.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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