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Nintendo falls sharply, hits year-low as it forecasts 27% decline in net profit for fiscal year ending March 2027

Mon May 11, 2026 9:35 am JST Catalyst

Nintendo <7974> tumbled to a fresh year-to-date low on the 11th. Following the market close on the 8th, the company reported consolidated results for the fiscal year ended March 2026 and issued a downbeat forecast for the year ending March 2027. For the current fiscal year, Nintendo projects 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 planned 57 yen dividend cut to 162 yen sparked the sell-off. Exchange rate assumptions are set at 150 yen to the dollar and 175 yen to the euro.

The company also unveiled price hikes for its "Nintendo Switch 2" console, which launched last June. Domestic prices will jump to 59,980 yen from 49,980 yen on May 25. Prices in Europe will rise to 499.99 euros from 469.99 euros on September 1, while U.S. prices will increase to 499.99 dollars from 449.99 dollars. Nintendo expects to sell 16.5 million hardware units and 60 million software units this fiscal year, compared with 19.86 million and 48.71 million units, respectively, a year earlier.

For the fiscal year ended March 2026, sales surged 98.6% to 2.31 trillion yen. Operating profit rose 27.5% to 360.12 billion yen, while net profit jumped 52.1% to 424.06 billion yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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