Nintendo quarterly net profit jumps 53.5% to ¥147.4bn after US tariff refund
AI Market Summary
Nintendo's quarterly net profit surged 53.5% to ¥147.4bn, far above expectations, largely due to a US tariff refund following a Supreme Court ruling that Trump-era levies were illegal. Revenue still fell 10% to ¥517.8bn, indicating underlying demand was weaker than headline earnings. The stock rose 2.87% in Tokyo, while ongoing consumer litigation adds headline risk.
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● Medium
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Nintendo reported net profit for the quarter ended June surged 53.5% year on year to ¥147.4bn, far above market expectations, helped by the Trump administration refunding about $100bn in tariffs. Revenue fell 10% to ¥517.8bn. Following the results, the company’s Tokyo-listed shares rose 2.87%.
