Nintendo's Second-Quarter Net Profit Expected to Have More Than Doubled -- Earnings Preview

Dow Jones
Nov 03, 2025
 

By Kosaku Narioka

 

Nintendo is scheduled to report its second-quarter results on Tuesday. Here's what you need to know:

 

NET PROFIT FORECAST: Nintendo's net profit is estimated to have more than doubled from a year earlier to 71.3 billion yen, equivalent to $463 million, for the three months ended Sept. 30, according to a poll of analysts by Visible Alpha. That would be up sharply from net profit of Y27.7 billion in the year-earlier period.

 

REVENUE FORECAST: Second-quarter revenue is expected to have increased 66% to Y458.7 billion, according to the Visible Alpha poll.

 

The stock has risen 41% year to date, driven by hopes for stronger earnings thanks to its new Switch 2 console.

 

WHAT TO WATCH:

--Nintendo said in August that it sold more than 6 million units of the Switch 2 globally in the seven weeks since it started selling it on June 5. The company has projected Switch 2 sales of 15.0 million units for the fiscal year ending March 2026. Investors will be focusing on any updates on sales, production and software plans for the device.

--The videogame maker has projected revenue to climb 63% to Y1.900 trillion and net profit to rise 7.6% to Y300.00 billion this fiscal year. Investors will be closely watching any changes to annual guidance as well as management's views on the impact of U.S. tariffs on its operations.

--First-quarter intellectual property-related income declined 4.4% to Y16.7 billion. Investors will be paying attention to any signs of recovery in intellectual-property income as it has been trying to diversify its revenue streams beyond videogames.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 

(END) Dow Jones Newswires

November 02, 2025 20:52 ET (01:52 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10