Nintendo reported stronger-than-expected earnings for the June quarter, buoyed by tariff refunds from the US and strong sales of first-party titles. Net income reached ¥147.4 billion, surpassing the analyst consensus estimate of ¥77.8 billion, while revenue of ¥517.8 billion exceeded the market expectation of ¥448.8 billion. The results were aided by refunds of import tariffs the US had imposed last year and later rescinded, which also boosted earnings at Sony Group and Canon. Robust sales of in-house games including Pokémon Pokopia and Tomodachi Life: Living the Dream helped drive revenue for the Switch 2 console, which debuted last summer at $449.99 in the US. However, analysts remain concerned about rising component prices and tariffs, as well as the lack of an outsized upcoming hit from flagship franchises like Super Mario and The Legend of Zelda.
Sony Group CorporationTariff refunds from US boosted earnings at Sony
Microsoft Corporation
Nintendo Co., Ltd.Strong sales of first-party titles and Switch 2 drove revenue beat
Canon Inc.Tariff refunds from US boosted earnings at Canon
