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SONY Gears Up to Report Q2 Earnings: What's in the Offing?
Nintendo's net income has declined for five consecutive quarters, lowering its profit and Switch sales expectations for this fiscal year.
Nintendo announced on Thursday that its net income for the second fiscal quarter ending in September declined for five consecutive quarters, and it is expected that the full-year profit decline will be larger than previously expected, due to the slowing demand for its Switch game console in the market. The company stated that the operating profit for the second fiscal quarter was 67 billion yen, a 29% year-on-year decrease; net income was 27.7 billion yen, a 69% year-on-year decrease, while the market had estimated 49.4 billion yen. Nintendo said it now expects the full-year operating profit for fiscal year 2025 to be 360 billion yen, down from the previous forecast of 400 billion yen. The gaming company is facing the crucial year-end shopping season.
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