TOKYO — The Japanese video-game company’s bottom line was underpinned by the success of its recent Super Mario movie and strong demand for its Switch 2 gaming platform. Nintendo’s first-quarter profit jumped 53.5%.
Nintendo Co., located in Kyoto, said Thursday it had a profit of 147.4 billion yen ($933 million) in April-June, compared with 96 billion yen in the year-earlier period.
Quarterly sales fell 9.5 percent to 517.8 billion yen ($3.3 billion).
Tariffs imposed by U.S. President Donald Trump, together with rising prices for memory chips and other components, worked against Nintendo, as they did for many Japanese companies.
Nintendo is projecting 310 billion yen ($2 billion) profit for the full fiscal year ending March 2027, down roughly 27% from the previous fiscal year on yearly revenues falling 11% to 2.05 trillion yen ($13 billion).
Nintendo reported it sold 3.82 million Switch 2 units worldwide. And on top of that, Nintendo’s legacy Switch business is still going, with sales of both system and software continuing.
Nintendo said software sales hit 9.46 million units in the quarter, with popular titles like "Yoshi and the Mysterious Book" in Switch 2 software, launched in May, and "Pokemon Pokopia" released last year.
“The Super Mario Galaxy Movie” made 517.8 billion yen ($3.3 billion) mostly overseas.
The business said the Nintendo Switch 2, which launched in June, continues to be strong.
Nintendo wants to maintain that momentum by adding additional titles to the portfolio, including “Splatoon Raiders,” which launched on sale last month, and more games in the pipeline, including “The Legend of Zelda: Ocarina of Time.”
Nintendo expects to sell 16.5 million Switch 2 consoles in the fiscal year, a decline of about 17% from the previous year. The sales of a console tend to fall off after a good first year.
Nintendo expects robust game software sales of 60 million units in the fiscal year, up 23%.
Nintendo shares rose 2.9% in Tokyo trading after earnings results were announced.
