-- 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.