BUSINESSGUARDIAN US
‘Mama mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo
Nintendo reported a substantial profit surge of 53.5% to ¥147.4bn (£694m) over three months to June, greatly surpassing expert forecasts. This profitable jump was largely fueled by a long-awaited refund related to Donald Trump’s tariffs, even as the company recorded an overall sales drop.
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Adjacent reporting
- Nintendo's fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump
- Lawsuit: Nintendo is getting tariff refunds—its customers should get them instead
- Nintendo plunges 8% after Switch 2 price hike and weak sales forecast
- China’s exports to the US are surging at a pre-Liberation Day pace, defying Trump’s tariff goals