Nintendo operating profit drops 15% on Switch sales decline

Net profit jumps 28% boosted by weak yen for April-June quarter

20220803 Nintendo switch

Nintendo sold 3.43 million Switch consoles in the April-June quarter, down from 4.45 million units in the same period last year. © Reuters

KENTARO IWAMOTO, Nikkei staff writer

TOKYO -- Nintendo on Wednesday reported an operating profit of 101 billion yen ($760 million) for the three months through June, down 15% from a year earlier, as sales of its flagship Switch consoles dropped.

But net profit rose 28% to 118 billion yen thanks to the weak Japanese yen. Overseas markets account for nearly 80% of the game company's total sales. The total exchange gains during the quarter reached 51 billion yen.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.