Nintendo lowers FY25 net sales view to Y1.28T from Y1.35T

Lowers operating profit view to Y360B from Y400B. Reaffirms profit per share view Y257.68. The company said, “Although Nintendo (NTDOY) Switch hardware and software unit sales through the first half of the fiscal year were both below our initial expectations, many people continue to play with Nintendo Switch even in its eighth year since launch. For hardware, by continuing to convey the appeal of Nintendo Switch, we try to not only put one system in every home, but several in every home, or even one for every person. Another objective is to continually release new offerings so more consumers keep playing Nintendo Switch even longer and we can maximize hardware sales. For software, in addition to Super Mario Party Jamboree, released in October, we have other titles planned for release, such as Mario & Luigi: Brothership, and Donkey Kong Country Returns HD. Other software publishers plan to release a wide variety of titles, and we will strive to invigorate the platform by continually introducing new titles in addition to the existing titles. We have modified the Nintendo Switch hardware and software sales unit forecasts for the fiscal year. in consideration of the sales trend through the six months ended September 30, 2024, and revised the financial forecast originally published on May 7, 2024.”