Nintendo lowers targets in earnings forecast for the full fiscal year
Nintendo has announced a revision of its consolidated earnings forecast for the fiscal year ending March 31, 2025. The revision lowers full-year targets across all metrics, based on Nintendo’s evaluation of sales trends throughout the first nine months (April to December 2024) of the fiscal year.
Changes to Nintendo’s full-year forecast are as follows:
Net sales: 1.28 trillion yen → 1.19 trillion yen (down 7%)
Operating profit: 360 billion yen → 280 billion yen (down 22.2%)
Ordinary profit: 420 billion yen → 370 billion yen (down 11.9%)
Net profit: 300 billion yen → 270 billion yen (down 10%)
It’s worth noting that the revision is also based on a reevaluation of the assumed JPY to USD exchange rate. The previous assumed exchange rate was 140 yen per US dollar, while the new assumed exchange rate is 150 yen per US dollar.
Amber V
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