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Earnings7974Nintendo Co.,Ltd.Information and Communications, Services and Others

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP]

In the first quarter, net sales declined 9.5% year on year, while operating profit rose sharply by 150.5% to ¥142,596 million. In addition to steady software sales, a refund of tariffs imposed under the US IEEPA boosted profit.

Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
150.5
% (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales517,813Millions of yenYear on year -9.5%Progress 25.3%
Operating profit142,596Millions of yenYear on year +150.5%Progress 38.5%
Ordinary income206,150Millions of yenYear on year +115.1%Progress 47.9%
Net income attributable to owners of the parent147,423Millions of yenYear on year +53.5%Progress 47.6%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥127.88
Financial position at period-end
Total assets3,815,896Millions of yen
of which net assets 2,918,951 Millions of yenEquity ratio 76.5%vs. prior year-end -1.1pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Regional salesOverseas revenue 403,200 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales2,050,000 Millions of yen (YoY -11.4%)
Operating profit370,000 Millions of yen (YoY +2.7%)
Ordinary income430,000 Millions of yen (YoY -20.7%)
Net income310,000 Millions of yen (YoY -26.9%)
Revision to Earnings ForecastNot disclosed → Not disclosed
Annual Dividend Forecast¥219 → ¥162(-26.0%)
Factors Behind Changes in Business Performance

Sales of Nintendo Switch 2 hardware and software progressed steadily, while sales of Nintendo Switch software also increased. Changes in results reflected higher digital sales, increased IP-related revenue and other income, a refund of tariffs imposed under the US IEEPA, and the recognition of equity in earnings of affiliates, foreign exchange gains and interest income.

Disclosure regarding the going concern assumption

No applicable matters.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNo material changes (0 additions, 0 exclusions)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 3 Millions of yen / Extraordinary loss Losses on disposal of fixed assets 16 Millions of yen
Depreciation and amortization9,641 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End1,287,260,000
Treasury Shares at Period-End134,431,384
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales517,813 Millions of yen (YoY -9.5%)
Operating profit142,596 Millions of yen (YoY +150.5%)
Ordinary income206,150 Millions of yen (YoY +115.1%)
Profit attributable to owners of the parent147,423 Millions of yen (YoY +53.5%)
Net income per share¥127.88
Equity ratioEnd of the current fiscal period 76.5 / End of previous period 77.6
Total assets3,815,896 Millions of yen
Net assets2,918,951 Millions of yen
Full-year earnings forecastNet Sales 2,050,000 Millions of yen (YoY -11.4%) / Operating profit 370,000 Millions of yen (YoY +2.7%) / Ordinary income 430,000 Millions of yen (YoY -20.7%) / Net income 310,000 Millions of yen (YoY -26.9%)
Revision to Earnings ForecastNot disclosed → Not disclosed
Annual Dividend Forecast¥219 → ¥162(-26.0%)
Regional salesOverseas revenue 403,200 Millions of yen
Depreciation and amortization9,641 Millions of yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 3 Millions of yen / Extraordinary loss Losses on disposal of fixed assets 16 Millions of yen
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNo material changes (0 additions, 0 exclusions)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End1,287,260,000
Treasury Shares at Period-End134,431,384
Factors Behind Changes in Business PerformanceSales of Nintendo Switch 2 hardware and software progressed steadily, while sales of Nintendo Switch software also increased. Changes in results reflected higher digital sales, increased IP-related revenue and other income, a refund of tariffs imposed under the US IEEPA, and the recognition of equity in earnings of affiliates, foreign exchange gains and interest income.
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicySegment revenueSegment profitOrders received and order backlogImpairment lossMaterial subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Software sales remained strong, increasing the share of software sales in net sales. In addition, the company received a refund of tariffs imposed under the US IEEPA that had been recorded in cost of sales. Ordinary profit also reflected equity in earnings of affiliates of ¥30.3 billion, foreign exchange gains of ¥16.8 billion and interest income of ¥13.1 billion, among other items.

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Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] | Nintendo Co.,Ltd. (7974) timely disclosure | Komori