Nintendo quarterly net profit drops as Switch 2 unit sales slow

Nintendo’s July-September net income fell 29 percent year on year to 73.5 billion yen, below the 82.2 billion yen analysts had expected, Business Recorder reported. The Japanese company kept its full-year profit outlook at 310 billion yen, despite slower Switch 2 hardware sales.

For the six months ending in September, Nintendo’s profit was up 11 percent, while operating profit rose nearly 50 percent, supported by game sales and US tariff refunds. It moved about 6.5 million Switch 2 units in that period, compared with nearly 10.4 million a year earlier. Sony, in contrast, lifted its annual earnings estimate to 1.33 trillion yen after quarterly profit increased 44 percent to 449.6 billion yen, with games and films contributing.