Copyright kyodonews
TOKYO - Nintendo Co. on Tuesday revised upward its net profit forecast for fiscal 2025 to 350 billion yen ($2.28 billion) from 300 billion yen on strong demand for its Switch 2 gaming console. The revised outlook for the current business year ending in March represents a 25.5 percent rise from a year earlier. The company also said it aims to sell 19 million Switch 2 consoles, up from the previously forecast 15 million, and 48 million copies of game software for the new device, compared with a projection of 45 million units. It lifted its operating profit estimate to 370 billion yen from its earlier projection of 320 billion yen and expects sales to grow to 2.25 trillion yen from the previously estimated 1.90 trillion yen. The Kyoto-based company said the revised forecast incorporates the effects of the tariff rate imposed at the end of September by U.S. President Donald Trump. For the first fiscal half, Nintendo reported an 83.1 percent jump in net profit to 198.94 billion yen. Operating profit grew 19.5 percent to 145.18 billion yen, while sales more than doubled to 1.1 trillion yen from 523.3 billion yen a year earlier. The company released the long-awaited Switch 2 in June, selling 10.36 million units through September, up from 4.72 million units of the previous model a year earlier. Nintendo sold 20.62 million copies of game software in the same period for the new console, boosted by the popularity of titles such as "Mario Kart World," which was released in June, and "Donkey Kong Bananza," which went on sale in July.
