Functional Brands closes $8 million private placement and completes Nasdaq listing
Investing.com -- Nintendo Co Ltd (F:NTDOY) on Tuesday raised its full-year forecast for Nintendo Switch 2 console sales on Monday after reporting second-quarter earnings that surpassed analyst expectations, driven by strong demand for its newest gaming system.
The Kyoto-based gaming giant reported operating profit of ¥145.1 billion ($950 million) and revenue of ¥1.1 trillion ($7.2 billion) for the six months ended September 30, both exceeding analyst estimates. The company’s second-quarter operating profit reached ¥88.25 billion on revenue of ¥527.2 billion, beating Bloomberg’s analyst consensus.
Nintendo now expects to sell 19 million units of the ¥450 ($450) Nintendo Switch 2 console by March 2026, up from its previous forecast of 15 million units. The company also raised its fiscal-year operating income forecast by 16% to ¥370 billion ($2.4 billion).
"Nintendo Switch 2 has seen strong sales since its launch on June 5," said Nintendo in its earnings report. The new console sold 10.36 million units in the first half of the fiscal year, while software sales for the platform reached 20.62 million units.
Launch titles have performed well, with Mario Kart World selling 9.57 million copies and Donkey Kong Bananza reaching 3.49 million units. The company noted that Nintendo Switch software continues to sell steadily, as the new console is backward compatible with older titles.
For the remainder of the fiscal year, Nintendo plans to release several major titles including Pokémon Legends: Z-A, Kirby Air Riders, and Metroid Prime 4: Beyond to maintain sales momentum.
The company also announced changes to its dividend policy, which will be applied from the year-end dividend for the fiscal year ending March 31, 2026.