‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo
Nintendo reported a 53.5% surge in quarterly profits, largely driven by a significant refund of US tariffs previously paid by the company. Despite this financial boost, the company experienced a 10% decline in overall sales compared to the same period last year.
Why it matters
The refund highlights the ongoing impact of international trade policies and tariff disputes on multinational corporations' bottom lines.
Nintendo said sales of its Switch 2 console, which was released last summer, maintained strong sales momentum but overall sales dropped 10%./Getty Images Nintendo said sales of its Switch 2 console, which was released last summer, maintained strong sales momentum but overall sales dropped 10%./Getty Images Nintendo ‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo Quarterly profit jump fuelled largely by unknown US refund amount as Japanese video game giant records overall sales drop
Prefer the Guardian on Google Nintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs.
The company said profits surged 53.5% to ¥147.4bn (£694m) over the three months to June, substantially beating expert forecasts for ¥77.8bn.
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