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Nintendo's profit jumps 52% on strong Switch 2 sales; announces price hikes amid tough market.

Company Fundamentals
08 May 2026
New York Post
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Neutral
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Nintendo reported a 52% profit increase to 424 billion yen ($2.7 billion) for the fiscal year ending March, driven by strong sales of its Switch 2 console and popular game titles. Annual sales nearly doubled to 2.3 trillion yen ($15 billion), despite a decline in first-generation Switch sales. The company announced price increases for the Switch 2 in Japan and the US due to challenging market conditions and global cost pressures. Looking ahead, Nintendo expects a sales decline in the next fiscal year but anticipates growth in Switch 2 software sales, supported by new game releases and a successful Super Mario movie.

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