Nintendo Co., Ltd.
November 5, 2026
11-1 Hokotate-cho, Kamitoba,
Minami-ku, Kyoto 601-8501 Japan
(Amounts below one million yen are rounded down)
Consolidated Results for the Six Months Ended September 30, 2025 and 2026Consolidated operating results
Net sales
Operating profit
Ordinary profit
Profit attributable
to owners of parent
Six months ended September 30, 2026
Six months ended September 30, 2025
million yen %
966,041 (12.1)
1,099,565 110.1
million yen %
216,500 49.1
145,181 19.5
million yen %
300,676 27.4
236,040 60.5
million yen %
220,917 11.0
198,936 83.1
[Notes]
Percentages for net sales, operating profit etc. show increase (decrease) from the previous fiscal year.
Comprehensive income: Six months ended September 30, 2026: 231,727 million yen [20.8%] Six months ended September 30, 2025: 191,758 million yen [120.6%]
Profit per share
Diluted profit per share
Six months ended September 30, 2026
Six months ended September 30, 2025
yen
191.63
170.87
yen
-
-
Consolidated financial positions
Total assets | Net assets | Capital adequacy ratio | ||
million yen | million yen | % | ||
As of September 30, 2026 | 3,936,480 | 2,983,541 | 75.8 | |
As of March 31, 2026 | 3,805,312 | 2,955,180 | 77.6 | |
[Reference]
Shareholders' equity: As of September 30, 2026: 2,982,312 million yen As of March 31, 2026: 2,954,024 million yen
DividendsDividend per share | |||||
End of 1st quarter | End of 2nd quarter | End of 3rd quarter | Year-end | Annual | |
yen - - | yen | yen - | yen | yen | |
Year ended March 31, 2026 | 42.00 | 177.00 | 219.00 | ||
Year ending March 31, 2027 | 76.00 | ||||
Year ending March 31, 2027 (forecast) | - | 86.00 | 162.00 | ||
[Notes]
Revisions to previously announced dividend forecast: Applicable
Please refer to "Notice of Dividend (end of 2nd quarter) and Dividend (year-end) Forecast" announced on November 5, 2026 for more details.
Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2027Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Profit per share | |
Year ending March 31, 2027 | million yen % 2,050,000 (11.4) | million yen % 370,000 2.7 | million yen % 430,000 (20.7) | 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
OthersSignificant changes in the scope of consolidation during the period: : Not applicable
Application of accounting procedures specific to the preparation of quarterly consolidated financial statements : Applicable
Changes in accounting procedures:
Related to accounting standard revisions etc. : Not applicable
Other changes : Not applicable
Changes in accounting estimates : Not applicable
Modified restatements : Not applicable
Outstanding shares (common shares)
Number of shares outstanding (including treasury shares)
As of Sep. 30, 2026: 1,287,260,000 shares As of Mar. 31, 2026: 1,287,260,000 shares
Number of treasury shares
As of Sep. 30, 2026: 134,341,050 shares As of Mar. 31, 2026: 134,431,295 shares
Average number of shares
Six months ended Sep. 30, 2026:
1,152,849,409 shares
Six months ended Sep. 30, 2025:
1,164,252,227 shares
[Notes]
This earnings release report is not subject to review procedures by a certified public accountant or audit firm.
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.
- Consolidated Operating Results
In our dedicated video game platform business in the first half of the fiscal year (April through September 2026), Nintendo Switch 2 maintained strong sales momentum, with hardware sales totaling 6.49 million units. Looking at Nintendo Switch 2 software, Star Fox, released in June, sold 1.17 million units, Splatoon Raiders, released in July, sold 2.42 million units, and Fire Emblem: Fortune's Weave, released in September, sold 1.34 million units. In addition, Mario Kart World and Pokémon Pokopia (see note), released in the previous fiscal year, also sold well, with the result that Nintendo Switch 2 software sales totaled 24.49 million units. As for Nintendo Switch, hardware sales totaled 1.27 million units. Looking at Nintendo Switch software, Tomodachi Life: Living the Dream, released in April, and Rhythm Heaven Groove, released in July, have shown strong growth, with sales reaching 8.81 million units and
2.89 million units, respectively. Given that consumers can also play 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 65.73 million units.
Turning to the digital business for our dedicated video game platforms, digital sales totaled 249.6 billion yen, up 60.5% year-on-year, mainly due to an increase in sales of downloadable versions of packaged software.
In our IP related business, sales reached 62.7 billion yen, up 87.9% 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 966.0 billion yen (with sales outside of Japan of 762.4 billion yen accounting for 78.9% of the total). Although sales declined year-on-year due to lower hardware unit sales, operating profit rose 49.1% to 216.5 billion yen. This increase was driven by steady software sales, which accounted for a larger share of total sales, and a first-quarter refund of U.S. IEEPA tariffs previously recorded as cost of sales. Ordinary profit totaled 300.6 billion yen, including 60.8 billion yen in share of profit of entities accounted for using equity method and interest income of 26.7 billion yen. Profit attributable to owners of parent totaled 220.9 billion yen.
[Note] This title is released and sold by The Pokémon Company in Japan, and by Nintendo outside of Japan.
- Consolidated Financial Position
Total assets increased by 131.1 billion yen compared to the previous fiscal year-end to 3,936.4 billion yen as of September 30, 2026, mainly due to increases in inventories and investment securities, despite a decrease in cash and deposits.
Total liabilities increased by 102.8 billion yen compared to the previous fiscal year-end to 952.9 billion yen mainly due to an increase in notes and accounts payable-trade.
Net assets increased by 28.3 billion yen compared to the previous fiscal year-end to 2,983.5 billion yen mainly due to increases in retained earnings and valuation difference on available-for-sale securities.
- Consolidated Financial Forecast
There are no changes to the original financial forecast for this fiscal year that was published on May 8, 2026.
For Nintendo Switch 2, we continue to aim to deliver both hardware and software into the hands of a wide range of consumers. On the hardware front, we launched Nintendo Switch 2 - The Legend of Zelda - 40th Anniversary Edition in October, featuring a special design commemorating the 40th anniversary of The Legend of Zelda. Looking at software, in addition to Nintendo Switch Sports Resort, released in October, and The Legend of Zelda: Ocarina of Time, released in November, titles scheduled for release include Metroid Ravenous in January. We aim to grow the Nintendo Switch 2 installed base by working to expand sales of existing titles and continuously introducing these new titles. Software publishers also plan to release a range of titles. While working to bring Nintendo Switch 2 to more consumers, we will also leverage the Nintendo Switch hardware installed base and rich software lineup to expand software sales and maintain engagement.
Consolidated Balance Sheetsmillion yen
Description | As of March 31, 2026 | As of September 30, 2026 |
(Assets) | ||
Current assets | ||
Cash and deposits | 1,791,802 | 1,553,865 |
Notes and accounts receivable-trade | 147,485 | 177,137 |
Securities | 425,054 | 374,591 |
Inventories | 539,804 | 814,570 |
Other | 105,690 | 129,894 |
Allowance for doubtful accounts | (52) | (51) |
Total current assets | 3,009,784 | 3,050,008 |
Non-current assets | ||
Property, plant and equipment | 127,450 | 145,638 |
Intangible assets | 44,647 | 42,059 |
Investments and other assets | ||
Investment securities | 420,875 | 510,023 |
Other | 202,555 | 188,750 |
Total investments and other assets | 623,431 | 698,774 |
Total non-current assets | 795,528 | 886,472 |
Total assets | 3,805,312 | 3,936,480 |
(Liabilities) | ||
Current liabilities | ||
Notes and accounts payable-trade | 236,082 | 370,654 |
Provisions | 5,062 | 5,559 |
Income taxes payable | 111,218 | 66,671 |
Other | 407,783 | 423,881 |
Total current liabilities | 760,148 | 866,766 |
Non-current liabilities | ||
Retirement benefit liability | 24,684 | 18,275 |
Other | 65,299 | 67,895 |
Total non-current liabilities | 89,984 | 86,171 |
Total liabilities | 850,132 | 952,938 |
(Net assets) | ||
Shareholders' equity | ||
Share capital | 10,065 | 10,065 |
Capital surplus | 15,041 | 15,432 |
Retained earnings | 2,979,910 | 2,996,777 |
Treasury shares | (341,854) | (341,626) |
Total shareholders' equity | 2,663,163 | 2,680,648 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 53,422 | 72,344 |
Foreign currency translation adjustment | 237,438 | 229,319 |
Total accumulated other comprehensive income | 290,861 | 301,663 |
Non-controlling interests | 1,155 | 1,229 |
Total net assets | 2,955,180 | 2,983,541 |
Total liabilities and net assets | 3,805,312 | 3,936,480 |
million yen
Description | Six months ended September 30, 2025 | Six months ended September 30, 2026 |
Net sales | 1,099,565 | 966,041 |
Cost of sales | 701,099 | 479,581 |
Gross profit | 398,466 | 486,459 |
Selling, general and administrative expenses | 253,284 | 269,959 |
Operating profit | 145,181 | 216,500 |
Non-operating income | ||
Interest income | 22,752 | 26,731 |
Share of profit of entities accounted for using equity method | 44,173 | 60,822 |
Foreign exchange gains | 18,495 | - |
Other | 5,977 | 4,354 |
Total non-operating income | 91,398 | 91,908 |
Non-operating expenses | ||
Foreign exchange losses | - | 7,258 |
Other | 539 | 474 |
Total non-operating expenses | 539 | 7,733 |
Ordinary profit | 236,040 | 300,676 |
Extraordinary income | ||
Gain on sale of non-current assets | 13 | 6 |
Gain on sale of investment securities | 32,300 | 159 |
Total extraordinary income | 32,313 | 166 |
Extraordinary losses | ||
Loss on disposal of non-current assets | 115 | 168 |
Total extraordinary losses | 115 | 168 |
Profit before income taxes | 268,238 | 300,674 |
Total income taxes | 69,291 | 79,748 |
Profit | 198,946 | 220,925 |
Profit attributable to non-controlling interests | 9 | 8 |
Profit attributable to owners of parent | 198,936 | 220,917 |
million yen
Description | Six months ended September 30, 2025 | Six months ended September 30, 2026 |
Profit Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Share of other comprehensive income of entities accounted for using equity method Total other comprehensive income Comprehensive income (Comprehensive income attributable to) Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests | 198,946 | 220,925 |
(10,203) | 18,955 | |
10,563 | (14,413) | |
(7,548) | 6,259 | |
(7,188) | 10,801 | |
191,758 | 231,727 | |
191,748 | 231,719 | |
9 | 7 |
(Going concern assumption) There are no applicable items.
(Significant changes in shareholders' equity) There are no applicable items.
(Application of accounting procedures specific to the preparation of quarterly consolidated financial statements) (Calculation of tax expenses)
With respect to certain consolidated subsidiaries, corporate income tax amount is calculated by taking the amount of profit before income taxes through the six-month period ended September 30, 2026 multiplied by a reasonably estimated annual effective tax rate with the effects of deferred taxes reflected.