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TYO:7974

9 stories mentioning TYO:7974Updated 38d ago

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Asia

Japan Earnings Wrap: Resonac, Nintendo Climb; Softbank Group Slips

Japanese stocks reporting earnings traded mixed on Friday, with gains led by chemical manufacturers and video game console makers, while technology investment companies declined.Resonac's (TYO:4004) shares jumped over 5% after attributable profit for the first half soared 147% to 48.5 billion yen.Earnings per share increased to 240.25 yen while revenue rose 5.4% to 676.9 billion yen.The chemicals manufacturer forecasts an attributable profit of 112.5 billion yen, basic EPS of 606.32 yen, revenue of 1.165 trillion yen, and a total dividend of 65 yen per share for the fiscal year ending Dec. 31.The company revised the forecast for revenue in a downward manner as the Crasus Chemical segment will be treated as a discontinued operation after its planned partial spinoff in 2026, according to a separate filingNintendo's (TYO:7974) shares gained nearly 4% after reporting profit attributable to owners surged 54% to 147.4 billion yen for the fiscal first quarter.The video game giant's earnings per share increased to 127.88 yen but net sales fell 9.5% to 517.8 billion yen for the three months ended June 30.For the fiscal year ending March 31, 2027, the company expects attributable profit of 310 billion yen, earnings per share of 268.90 yen, and net sales of 2.05 trillion yen.SoftBank Group's (TYO:9984) shares declined 6% after fiscal first quarter earnings came in lower. It posted an 18% year-over-year decline in attributable net income for the three months ended June to 347.3 billion yen.The tech-focused investment holding group's EPS was 59.85 yen while net sales rose 11% to 2.020 trillion yen. The company plans to pay interim and year-end dividends of 5.50 yen per share each for the current year.

TYO:4004TYO:7974TYO:9984
Asia

Nintendo's Profit Soars 54% in Fiscal Q1

Nintendo's (TYO:7974) profit attributable to owners surged 54% to 147.4 billion yen for the fiscal first quarter from 96 billion yen a year earlier.The video game giant's earnings per share increased to 127.88 yen from 82.48 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales, however, fell 9.5% to 517.8 billion yen for the three months ended June 30 from 572.4 billion yen a year earlier.For the fiscal year ending March 31, 2027, the company expects attributable profit of 310 billion yen, earnings per share of 268.90 yen, and net sales of 2.05 trillion yen.The company maintained its annual dividend forecast at 162 yen per share.

TYO:7974
Nintendo's Quarterly Profit Jumps 53.5%; Sales Down 9.5% on Lower Switch Sales
US Markets

Nintendo's Quarterly Profit Jumps 53.5%; Sales Down 9.5% on Lower Switch Sales

Nintendo (TYO:7974) reported a 53.5% year-over-year surge in attributable profit for the fiscal first quarter of the year as a US tariff refund and higher software sales offset a sharp drop in demand for its hardware products, including its consoles.Profit attributable to owners of the parent rose to 147.4 billion yen from 96 billion yen a year earlier, the Japanese game maker said Thursday.Earnings per share in the quarter ended June 30 rose to 127.88 yen from 82.48 yen.Net sales fell 9.5% to 517.8 billion yen from 572.4 billion yen, which Nintendo attributed primarily to a decrease in unit sales of hardware.Unit sales of Switch 2, which came out in June 2025, plummeted 34.4% year over year to 3.8 million units, while sales of the original Switch console plunged 31.8% to 660,000 units."Although Nintendo Switch 2 sales volume declined compared to the same quarter when it launched last fiscal year, many consumers continued to adopt the system, encouraged by the release of new titles and other factors," Nintendo said.Switch 2 software sales increased 9.2% year over year to 9.5 million units, while Switch software sales jumped 38.6% to 33.8 million units. These were boosted by titles like "Tomodachi Life: Living the Dream," which sold 7.94 million units since its April launch.Despite the overall revenue decline, operating profit surged 150.5% to 142.6 billion yen on strong software sales, which Nintendo said accounted for a larger portion of overall sales. It also cited the refund of International Emergency Economic Powers Act (IEEPA) tariffs in the US, which were recorded as cost of sales in prior periods.Nintendo left its forecast for the fiscal year ending March 31, 2027 unchanged, with attributable profit predicted to tumble 26.9% to 310 billion yen, or 268.90 yen per share, and net sales forecast to slide 11.4% to 2.05 trillion yen.It also reaffirmed its full-year dividend forecast at 162 yen per share.

TYO:7974
Japan

Japanese Shares Close in Red as US Strike on Iran Dents Investor Sentiment

Japanese shares experienced choppy trade on Wednesday to close in the red after heightened tensions in the Middle East after the US' latest strikes on Iran raised concerns among investors.The Nikkei 225 closed down 1.9%, or by 1,237.36 points, to end at 64,179.27.According to news reports, the US launched new strikes on Iran after a U.S. Apache helicopter was shot down in the Strait of Hormuz. Iran responded to the attack by saying it will not leave any attack or threat unanswered.This has raised concerns about a potential peace deal in the Middle East. The flare-up has also pushed up crude oil prices, denting investment sentiment further.On the corporate side, Nintendo (TYO:7974) shares closed down nearly 7%, after its Nintendo Direct presentation for upcoming games fell short of investor expectations for brand-new titles, Bloomberg News reported Wednesday.Also, shares of Seven Bank (TYO:8410) closed reported 98.1 million ATM transactions in May, up 4.5% on year, according to a Wednesday filing on the Tokyo Stock Exchange.

Nikkei 225TYO:7974TYO:8410
Asia

Market Chatter: Nintendo Shares Slide on Concerns Over Software Pipeline, Switch 2 Sales

Nintendo (TYO:7974) shares fell 8.2% in Tokyo, down 30% from early this year, after its Nintendo Direct presentation for upcoming games fell short of investor expectations for brand-new titles, Bloomberg News reported Wednesday.The Japan-based company's presentation featured upcoming titles from flagship franchises, including Mario; however, the sluggish software pipeline and high component costs raised concerns around Switch 2 sales.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7974
Asia

Market Chatter: Nintendo Shares Jump as AI Valuation Worries Drive Investors to Alternatives

Nintendo (TYO:7974) experienced its largest stock gain in two months on Tuesday, climbing as much as 6.8% in Tokyo for a third consecutive day of increase, Bloomberg News reported Tuesday.The rally extended to other Japanese gaming companies, with Bandai Namco (TYO:7832) and Konami (TYO:9766) both rising more than 9% on the same day, as concerns over excessive valuations in the artificial intelligence sector prompted investors to seek cheaper alternatives elsewhere, the news wire reported.The rebound follows months of challenges for the sector, including a memory chip shortage that raised worries about potential harm to hardware sales, the report said.Japan remains a hub of valuable intellectual property in gaming, led by Nintendo's popular franchises, with rival Sony (TYO:6758) recently shifting its strategy toward leveraging IP across music, film, and other entertainment formats, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:6758TYO:7832TYO:7974TYO:9766
Asia Markets

Japan Shares Fall as US-Iran Deadlock Fuels Energy Supply Fears; Nintendo Tumbles 8%

Japanese shares ended lower on Monday as risk sentiment weakened after U.S. President Donald Trump and Iran rejected each other's latest proposals to end the Middle East conflict, fueling concerns over prolonged geopolitical tensions and tighter energy supplies.The Nikkei 225 fell 0.5%, or 295.77 points, to close at 62,417.88.U.S. President Donald Trump dismissed Iran's latest counterproposal to end the 10-week Middle East conflict as "totally unacceptable," while Tehran signaled it would not concede to U.S. demands, deepening a standoff that has disrupted flows through the Strait of Hormuz and rattled global energy markets.Trump said on Truth Social on Sunday that he had reviewed Iran's response delivered through intermediaries and rejected it outright. Iranian state media characterized Tehran's position as a refusal to accept what it described as a U.S. push for "surrender."Iran reportedly sought war reparations, full control over the Strait of Hormuz, the removal of sanctions, and the release of frozen Iranian assets as part of any agreement.On the corporate front, Nintendo (TYO:7974) fell 8% after forecasting a 27% decline in fiscal 2027 profit and an 11.4% drop in sales, while also raising Nintendo Switch 2 prices in Japan and the U.S. amid tariff pressures.MEITEC Group Holdings (TYO:9744) slipped 1% after saying a November 2025 interim dividend exceeded the legally distributable amount due to a calculation error and appointing external experts to investigate the matter.Japan Tobacco (TYO:2914) climbed 7%, as first-quarter profit attributable to owners of parent rose 25.1% to 197.04 billion yen and the company maintained its full-year outlook.

Nikkei 225TYO:2914TYO:7974TYO:9744
US Markets

Nintendo's Fiscal 2026 Profit Jumps 52%; Warns of Tough Year Ahead With Switch Price Hikes

Nintendo's (TYO:7974) attributable profit grew 52% in fiscal 2026 on a blowout in sales but foresees a weaker year ahead.The Kyoto-headquartered game manufacturer's attributable profit rose to 424.1 billion yen in the year through March 31, 2026, from 278.8 billion yen in the previous fiscal year, according to a Friday disclosure to the Tokyo Exchange.The figure beat the 418.6 billion yen estimate by analysts at Visible Alpha.Earnings per share jumped to 364.51 yen from 239.47 yen in the preceding year. Visible Alpha analysts estimated earnings per share at 358.51.Revenue surged 99% to 2.313 trillion yen from 1.165 trillion yen in the previous fiscal year. Despite the surge, the figure failed to meet the forecast of 2.322 trillion yen by Visible Alpha analysts.Dedicated video game platform sales, including hardware and software, surged 107% to 2.240 trillion yen from 1.084 trillion yen.Hardware sales of its Pokémon Pokopia game, released in March, jumped to 19.9 million units, while its Mario Kart World software saw sales reach 14.7 million units, including bundle sales.Sales of the Nintendo Switch, which has reached its 10th year, totaled 3.8 million units, down 65% from the 10.8 million units in fiscal 2025, the game manufacturer said.Intellectual property sales fell 9.7% year over year to 73.5 billion yen as movie-related revenue declined.Its spring offering, "Super Mario Galaxy Movie," grossed $800 million worldwide in its first four weeks.For fiscal 2027, the game manufacturer forecasts net profit to plunge 27% to 310 billion yen and sales to slide 11% to 2.050 trillion yen, taking into account an impact of 100 billion yen from rising component prices, including memory, and tariffs.Sales of the Nintendo Switch 2, which reached 19.9 million in fiscal 2026, could fall 17% to 16.5 million in fiscal 2027, still signaling "a solid level of adoption" for the device in its second year since launch, the company said.Nintendo Switch sales are forecast to fall 47% to 2 million units in fiscal 2027, the company said.Also on Friday, the company announced price adjustments for its Nintendo Switch and Nintendo Switch 2 consoles at home and overseas.In Japan, effective May 25, the price of Switch 2 will increase 20% to 59,980 yen from 49,980 yen. Nintendo Switch prices will also increase across its OLED, standard and Lite variants.In the US, Nintendo will hike the price of the Switch 2 to $499.99 from $449.99. The price adjustment for the newer console, starting Sept. 1, will also take effect in Canada and Europe.The company retained the price of its Nintendo Switch model in the US, Canada and Europe, but warned of further price revisions for the Switch 2 and the standard Switch in other regions.Nintendo declared a dividend of 177 yen per share, more than double the 85 yen declared in the previous fiscal year. For fiscal 2027, Nintendo could pay a dividend of 162 yen per share.

TYO:7974
Asia

Nintendo's Profit Surges 52% in Fiscal Year 2026

Nintendo's (TYO:7974) profit attributable to owners of the parent jumped 52% to 424.1 billion yen in fiscal year 2026 from 278.8 billion yen a year earlier.The gaming company's profit per share increased to 364.51 yen from 239.47 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales jumped 99% to 2.313 trillion yen in the year ended March 31 from 1.165 trillion yen in the prior year.In a separate disclosure, Nintendo raised its final dividend payment to 177 yen per share from 139 yen per share initially planned, payable from June 29.For the fiscal year 2027, the company expects attributable profit of 310 billion yen, profit per share of 268.90 yen, and net sales of 2.050 trillion yen.Nintendo plans to pay a total annual dividend of 162 yen per share for the year, lower than the amount paid in the year-ago period.

TYO:7974

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