Nintendo's full-year results for the fiscal year ending March 2026 showed revenue nearly doubling to 2.313 trillion yen, up 98.6% from the prior year, while its operating margin fell from 24.3% to 15.6%, the lowest level in five fiscal years. Operating profit rose 27.5% to 360.1 billion yen, ordinary profit rose 45.6% to 542.1 billion yen, and net profit rose 52.1% to 424 billion yen. Gross profit margin also fell by more than 20 points, from 61.0% to 39.3%, as revenue grew by 1.1481 trillion yen while cost of sales rose by 949.3 billion yen, a structure in which most of the added revenue was absorbed by costs. Ordinary profit exceeded operating profit by a little over 180 billion yen, driven by 182.9 billion yen in non-operating income, including 82.7 billion yen in equity-method investment gains, 46 billion yen in interest income, and 44.3 billion yen in foreign exchange gains, with hefty financial assets of 1.3166 trillion yen in cash and deposits, 425 billion yen in short-term securities, and 420.8 billion yen in investment securities generating profit outside the core business. The share price fell from the 13,000 yen range at the end of October 2025 to the 6,800 yen range by the end of June 2026, nearly halving, before rebounding to the 9,000 yen range by the end of August.
Nintendo Co., Ltd.Revenue nearly doubled but operating margin fell to 15.6% and gross margin dropped over 20 points as costs absorbed most added revenue, with profit boosted by non-operating financial gains.
