Interim report
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Nintendo Accounting Standards Nintendo Co. , Ltd. Four CONSOLIDATED FINANCIAL HIGHLIGHTS Nintendo Co. , Ltd. 11-1 Hokotate - cho , Kamitoba , Minami - ku , Kyoto 601-8501 Japan FASF MEMBERSHIP August 6 , 2026 ( Amounts below one million yen are rounded down ) Consolidated Results for the Three Months Ended June 30 , 2025 and 2026 ( 1 ) Consolidated operating results Net sales million yen % Three months ended June 30 , 2026 517,813 ( 9.5 ) 572,363 132.1 Operating profit million yen 142,596 150.5 56,928 4.4 % Ordinary profit million yen % 206,150 115.1 95,822 ( 15.6 ) [ Notes ] Three months ended June 30 , 2025 Percentages for net sales , operating profit etc. show increase ( decrease ) from the previous fiscal year . Comprehensive income : Three months ended June 30 , 2026 : 167,757 million yen [ 120.7 % ] Three months ended June 30 , 2025 : 76,024 million yen [ ( 43.9 % ) ] Three months ended June 30 , 2026 Three months ended June 30 , 2025 ( 2 ) Consolidated financial positions As of June 30 , 2026 As of March 31 , 2026 Profit per share yen 127.88 82.48 Diluted profit per share yen Total assets million yen 3,815,896 3,805,312 Net assets million yen 2,918,951 2,955,180 Capital adequacy ratio % 76.5 77.6 [ Reference ] Shareholders ' equity : As of June 30 , 2026 : 2,917,741 million yen As of March 31 , 2026 : 2,954,024 million yen Dividends Year ended March 31 , 2026 Year ending March 31 , 2027 Year ending March 31 , 2027 ( forecast ) [ Notes ] Profit attributable to owners of parent million yen % 147,423 96,032 18.6 53.5 End of 1st quarter yen End of 2nd quarter yen Dividend per share End of 3rd quarter yen Year - end Annual yen yen 42.00 177.00 219.00 162.00 Revisions to previously announced dividend forecast : Not applicable Dividends are paid twice a year after the end of the second quarter and at the fiscal year - end based on profit levels achieved in each fiscal year as our basic policy . As for the dividend forecast for the fiscal year ending March 31 , 2027 , only the annual dividend is described because the financial forecast for the year is prepared only on a full fiscal year basis and the dividend cannot be separately forecasted between the interim and the fiscal year - end . Consolidated Financial Forecast for the Fiscal Year Ending March 31 , 2027 Profit attributable Net sales Year ending March 31 , 2027 million yen 2,050,000 ( 11.4 ) % Operating profit million yen 370,000 % 2.7 Ordinary profit million yen 430,000 Profit per share % ( 20.7 ) to owners of parent million yen % 310,000 ( 26.9 ) yen 268.90 [ Notes ] Percentages for net sales , operating profit etc. show increase ( decrease ) from the previous fiscal year . Revisions to previously announced financial forecast : Not applicable - 1 -
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Others (1) Significant changes in the scope of consolidation during the period: : Not applicable (2) Application of accounting procedures specific to the preparation of quarterly consolidated financial statements : Applicable (3) Changes in accounting procedures: 1) Related to accounting standard revisions etc. : Not applicable 2) Other changes : Not applicable 3) Changes in accounting estimates : Not applicable 4) Modified restatements : Not applicable (4) Outstanding shares (common shares) 1) Number of shares outstanding (including treasury shares) As of Jun. 30, 2026: 1,287,260,000 shares As of Mar. 31, 2026: 1,287,260,000 shares 2) Number of treasury shares As of Jun. 30, 2026: 134,431,384 shares As of Mar. 31, 2026: 134,431,295 shares 3) Average number of shares 1,152,828,655 shares 1,164,248,184 sharesThree months ended Jun. 30, 2025: Three months ended Jun. 30, 2026: [Notes] 1. Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None 2. Forecasts announced by the Company (Nintendo Co., Ltd.) referred to above were prepared based on management's assumptions with information available at this time and therefore involve known and unknown risks and uncertainties such as fluctuation in foreign exchange rates and other changes in the market environment. Please note such risks and uncertainties may cause the actual results (earnings, dividend, and other results) to be materially different from the forecasts. Nintendo Co., Ltd. - 2 -
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1. Consolidated Operating Results 2. Consolidated Financial Position 3. Consolidated Financial Forecast In our dedicated video game platform business in the first quarter of the fiscal year (April through June 2026), Nintendo Switch 2 hardware maintained strong sales momentum, with sales totaling 3.82 million units. Looking at Nintendo Switch 2 software, titles such asYoshi and the Mysterious Book , released in May, andStar Fox, released in June, performed steadily, andPokémon Pokopia, released in the previous fiscal year (see note), also sold well, with the result that Nintendo Switch 2 software sales totaled 9.46 million units. As for Nintendo Switch, hardware sales totaled 0.66 million units. Looking at Nintendo Switch software,Tomodachi Life: Living the Dream , released in April, has shown strong growth with sales reaching 7.94 million units. Given that consumers can play both Nintendo Switch 2 exclusive software and Nintendo Switch software with Nintendo Switch 2, Nintendo Switch titles released in past fiscal years have also shown stable sales. As a result, Nintendo Switch software sales totaled 33.81 million units. Turning to the digital business for our dedicated video game platforms, digital sales totaled 132.7 billion yen, up 90.0% year-on- year, mainly due to an increase in sales of downloadable versions of packaged software. In our IP related business, sales reached 34.8 billion yen, up 107.4% year-on-year, thanks to the high level of audience engagement with The Super Mario Galaxy Movie . The end result is that overall sales totaled 517.8 billion yen (with sales outside of Japan of 403.2 billion yen accounting for 77.9% of the total). Although sales decreased compared to the same period of last fiscal year, operating profit increased 150.5% year-on- year to 142.5 billion yen, due to the growth in sales of software, which accounted for a larger proportion of total sales, and the refund of IEEPA tariffs in the US, which were recorded as cost of sales in prior periods. Ordinary profit totaled 206.1 billion yen, including 30.3 billion yen in share of profit of entities accounted for using equity method, foreign exchange gains of 16.8 billion yen, and interest income of 13.1 billion yen. Profit attributable to owners of parent totaled 147.4 billion yen. [Note] This title is released and sold by The Pokémon Company in Japan, and by Nintendo outside of Japan. There are no changes to the original financial forecast for this fiscal year that was published on May 8, 2026. Nintendo Switch 2 is now in its second year since launch in June 2025 and sales continue to be strong. We aim to maintain the momentum for the hardware and see it delivered together with software into the hands of a wide range of consumers. The Nintendo Switch 2 software lineup addedSplatoon Raiders in July, and titles scheduled for release includeFire Emblem: Fortune's Weave in September, Nintendo Switch Sports Resort in October, andThe Legend of Zelda: Ocarina of Time also in 2026. We aim to widen the Nintendo Switch 2 installed base by working to expand sales of existing titles and continuously introducing new titles. Other software publishers also plan to release a range of titles. For Nintendo Switch, the new titleRhythm Heaven Groove was released in July. We will work to leverage the hardware installed base and rich software lineup to expand software sales, including sales of evergreen titles, and to maintain engagement. Total assets increased by 10.5 billion yen compared to the previous fiscal year-end to 3,815.8 billion yen as of June 30, 2026, mainly due to increases in inventories and other current assets, despite a decrease in cash and deposits. Total liabilities increased by 46.8 billion yen compared to the previous fiscal year-end to 896.9 billion yen mainly due to an increase in notes and accounts payable-trade. Net assets decreased by 36.2 billion yen compared to the previous fiscal year-end to 2,918.9 billion yen mainly due to a decrease in retained earnings. Nintendo Co., Ltd. - 3 -
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Consolidated Balance Sheets million yen As of March 31, 2026 As of June 30, 2026 (Assets) Current assets Cash and deposits 1,791,802 1,544,090 Notes and accounts receivable-trade 147,485 173,901 Securities 425,054 423,818 Inventories 539,804 618,006 Other 105,690 228,529 Allowance for doubtful accounts (52) (62) Total current assets 3,009,784 2,988,284 Non-current assets Property, plant and equipment 127,450 145,495 Intangible assets 44,647 42,962 Investments and other assets Investment securities 420,875 452,195 Other 202,555 186,957 Total investments and other assets 623,431 639,153 Total non-current assets 795,528 827,611 Total assets 3,805,312 3,815,896 (Liabilities) Current liabilities Notes and accounts payable-trade 236,082 281,799 Provisions 5,062 1,894 Income taxes payable 111,218 40,036 Other 407,783 477,787 Total current liabilities 760,148 801,518 Non-current liabilities Retirement benefit liability 24,684 25,366 Other 65,299 70,059 Total non-current liabilities 89,984 95,425 Total liabilities 850,132 896,944 (Net assets) Shareholders' equity Share capital 10,065 10,065 Capital surplus 15,041 15,041 Retained earnings 2,979,910 2,923,283 Treasury shares (341,854) (341,855) Total shareholders' equity 2,663,163 2,606,535 Accumulated other comprehensive income Valuation difference on available-for-sale securities 53,422 54,355 Foreign currency translation adjustment 237,438 256,850 Total accumulated other comprehensive income 290,861 311,205 Non-controlling interests 1,155 1,210 Total net assets 2,955,180 2,918,951 Total liabilities and net assets 3,805,312 3,815,896 Description Nintendo Co., Ltd. - 4 -
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Consolidated Statements of Income million yen Net sales 572,363 517,813 Cost of sales 387,208 236,417 Gross profit 185,155 281,396 128,226 138,800 Operating profit 56,928 142,596 Non-operating income Interest income 10,956 13,196 Share of profit of entities accounted for using equity method 20,782 30,309 Foreign exchange gains 2,269 16,852 Other 5,253 3,369 Total non-operating income 39,262 63,727 Non-operating expenses Interest expenses 49 63 Loss on sale of investment securities 70 78 249 32 Total non-operating expenses 368 173 95,822 206,150 Extraordinary income Gain on sale of non-current assets 7 3 Gain on sale of investment securities 32,300 - Total extraordinary income 32,307 3 Extraordinary losses Loss on disposal of non-current assets 74 16 Total extraordinary losses 74 16 Profit before income taxes 128,055 206,136 Total income taxes 32,020 58,724 96,034 147,411 2 (11) 96,032 147,423 Profit Profit (loss) attributable to non-controlling interests Profit attributable to owners of parent Other Ordinary profit Selling, general and administrative expenses Description Three months ended June 30, 2025 Three months ended June 30, 2026 Nintendo Co., Ltd. - 5 -
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Consolidated Statements of Comprehensive Income million yen 96,034 147,411 Other comprehensive income Valuation difference on available-for-sale securities (6,501) 1,084 Foreign currency translation adjustment (8,803) 16,045 (4,704) 3,214 Total other comprehensive income (20,010) 20,345 Comprehensive income 76,024 167,757 (Comprehensive income attributable to) Comprehensive income attributable to owners of parent 76,021 167,768 Comprehensive income attributable to non-controlling interests 2 (11) Share of other comprehensive income of entities accounted for using equity method Description Three months ended June 30, 2025 Three months ended June 30, 2026 Profit Nintendo Co., Ltd. - 6 -
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Notes Pertaining to Consolidated Financial Statements (Application of accounting procedures specific to the preparation of quarterly consolidated financial statements) (Calculation of tax expenses) (Segment information, etc.) (Significant changes in shareholders' equity) (Going concern assumption) (Notes to quarterly consolidated statements of cash flows) million yen Depreciation and amortization 4,260 9,641 With respect to certain consolidated subsidiaries, corporate income tax amount is calculated by taking the amount of profit before income taxes through the three-month period ended June 30, 2026 multiplied by a reasonably estimated annual effective tax rate with the effects of deferred taxes reflected. Three months ended June 30, 2026 There are no applicable items. There are no applicable items. Segment information is omitted as Nintendo (the Company and its consolidated subsidiaries) operates as a single business segment. The Company has not prepared a quarterly statement of cash flows for the three months ended June 30, 2026. Depreciation including amortization related to non-current intangible assets and goodwill for the three months ended June 30, 2026 is as follows. Three months ended June 30, 2025 Nintendo Co., Ltd. - 7 -