Nintendo stock continues to top previous records despite anticipated 45% drop in net profit this fiscal year 

Nintendo rose by 3.55% to 10,770 yen on the Tokyo Stock Exchange on February 5, breaking its highest recorded price since listing for the second consecutive trading day. 

This comes right after Nintendo published its financial results for the first three quarters of the fiscal year ending March 31, 2025. Due to Switch and software sales performing “below expectations,” Nintendo saw operating profit decrease by 46.7% year-on-year. As a result, the company revised its forecast, announcing that its net profit for the full fiscal year is expected to be 270 billion yen, down 45% from the previous fiscal year (source: The Nikkei Shimbun). 

However, with the Switch 2’s launch right around the corner, the market responded calmly to the downward revision, and Nintendo’s shares continued to rise. According to GameBiz, Nomura Securities maintained a “Buy” judgement and raised its target share price from 9,600 yen to 11,900 yen.