Nintendo's Nine Month Profit Falls Nearly 42% Amid Slowing Switch Sales

MT Newswires Live

Feb 04, 2025

Nintendo's (TYO:7974) attributable profit fell 41.9% to 237.2 billion yen in the fiscal nine months ended Dec. 31, 2024, from about 408 billion yen a year ago due to lower hardware and software sales as the Nintendo Switch platform matures.

The company said basic earnings per share dropped to 203.73 yen from 350.48 yen a year ago, according to a Tokyo Stock Exchange filing on Tuesday.

Net sales declined 31.4% to 956.2 billion yen compared with the previous year's 1.395 trillion yen, which was boosted by The Legend of Zelda: Tears of the Kingdom and The Super Mario Bros. Movie.

The company has revised its full-year earnings forecast downward due to lower-than-expected Switch sales.

It forecasted attributable profit to decline 45% to 270 billion yen or 231.91 yen per share and net sales to decrease 28.8% to 1.19 trillion yen for the fiscal year ending March 31.

The company expects to pay a year-end dividend of 81.00 yen per share, bringing the total payout to 116.00 yen per share for the current year.

Nintendo shares put on more than 2% at market close.

Price (JPY): $10400.00, Change: $+230, Percent Change: +2.21%

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