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Nintendo earnings results tomorrow could see a 20% rise in net profit

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Nintendo will announce its second-quarter results tomorrow and all eyes will be on the Kyoto-based company’s net profit. Market Watch and Quick believes that Nintendo will announced a 20% boost to Y95.05 billion compared to a net profit of Y79.09 billion a year earlier. Investors will also want to know Nintendo’s plans for the holiday season and how the company will deal with any stock issues which may arise due to the ongoing shortage of semiconductors and the current lockdown in Zhengzhou, China. Apple announced earlier today that the current COVID-19 restrictions in China has temporarily impacted production of both the high end Phone 14 Pro and iPhone 14 Pro Max.

  • SWITCH SALES: As a shortage of semiconductors hindered production, first-quarter Switch console sales fell 23% from a year earlier to 3.43 million units. Investors are focusing on any signs of strength in console sales on the back of the blockbuster action-shooting game “Splatoon 3” and ahead of the holiday-shopping season.
  • OUTLOOK: Nintendo in August projected revenue to fall 5.6% to Y1.600 trillion and net profit to drop 29% to Y340.00 billion for the fiscal year ending March 2023. Investors are focusing on any changes to the financial guidance that management may make.
  • MARGIN: Increased costs of parts and higher sales and administrative expenses helped lower operating-profit margin to 33.1% in its first quarter from 37.1% a year earlier. Investors are focusing on any improvement in profitability as the company focuses on digital sales.


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