Core Insights - Nintendo reported a significant increase in sales and net profit for the first quarter ending June 30, 2025, with net sales reaching 572.36 billion yen (approximately 27.23 billion RMB), a 132.1% increase from 246.64 billion yen (approximately 11.72 billion RMB) in the same period last year [1] - The strong performance is attributed to the launch of the Switch 2, which sold over 3 million units within 24 hours of its release, setting a new record for game console sales [1] - The total sales of Switch 2 reached 5.82 million units by the end of the first quarter, while sales of the original Switch declined by 53.5% to 980,000 units [1] Sales Performance - Switch 2 software sales reached 8.67 million units, largely driven by the bundled package with "Mario Kart World," contributing to a 142.5% year-on-year increase in Nintendo's dedicated game business sales, totaling 555.5 billion yen (approximately 26.44 billion RMB) [1] - Regional sales data indicates that the highest sales of Switch 2 were in the Americas at approximately 1.8 million units, followed by Japan with 1.47 million units, Europe with 1.18 million units, and other regions totaling 550,000 units [2] Market Position and Challenges - According to market research firm Circana, Switch 2 achieved first-month sales of 1.6 million units in the U.S., surpassing the previous record held by Sony's PS4, which sold 1.1 million units [4] - In Japan, Switch 2's first-month sales exceeded 1.5 million units, breaking the previous record of 1.36 million units set by the Game Boy Advance [4] - Despite the strong start, the global game console market is expected to become increasingly competitive, with rivals like Sony and Microsoft continuously launching new products and services [4] - Rising game development costs pose a challenge for Nintendo, necessitating the continuous release of high-quality, popular games to maintain player engagement and console sales [4] - Economic uncertainties may also impact consumer purchasing intentions [4] Future Outlook - Nintendo's president, Shuntaro Furukawa, addressed concerns regarding the high pricing of Switch 2, stating that the pricing aligns with the gaming experience offered [5] - For the fiscal year 2026, Nintendo has optimistic projections, expecting a 63.1% increase in revenue, with a sales target of 15 million units for Switch 2 and 45 million game sales [5] - The achievement of these targets will depend on future market performance [5]

Core Insights - Nintendo's quarterly revenue more than doubled year-on-year, driven by the successful launch of the Switch 2, which became the fastest-selling console globally after its June release [1][3]. Sales Performance - The Switch 2 sold 3.5 million units in its first four days and approximately 5.8 million units in its first month [2]. - Net sales for the April-June quarter increased by 132% year-on-year to 572 billion yen ($3.8 billion), with net profit rising 19% [3]. Market Expectations - Nintendo expects to sell 15 million Switch 2 units by the end of March 2026, maintaining its target despite the strong initial sales [4]. - Industry experts believe that the launch of Switch 2 has exceeded expectations and that it will be challenging for other consoles to replicate its success [3][4]. Product Features and Pricing - The Switch 2 features a larger screen, enhanced processing power, and new controller functionalities, while retaining the hybrid concept of its predecessor [7]. - The retail price of the Switch 2 is set at $449.99, compared to the original Switch's launch price of $299.99 [7]. Competitive Landscape - The delayed release of "Grand Theft Auto VI" to May 2026 is seen as beneficial for Nintendo, as it allows the Switch 2 to maintain visibility in the market without competing against a major title [8].

Core Insights - Nintendo's first fiscal quarter Switch console sales reached 980,000 units, significantly lower than the 2.1 million units sold in the same period last year [1] Group 1 - The sales decline indicates a 53.33% year-over-year decrease in Switch console sales [1]

Core Insights - Nintendo's Switch 2 has achieved significant sales success, with total sales reaching 5.82 million units as of the latest update [2] - The company reported a remarkable revenue increase of 132% year-over-year, totaling 572.3 billion Japanese yen ($3.8 billion) for the fiscal first quarter [5] - Nintendo's operating profit for the same quarter was 56.9 billion yen, exceeding expectations [5] Sales Performance - The Switch 2 sold over 3.5 million units within its first four days of launch [3] - Nintendo anticipates reaching 15 million unit sales for the Switch 2 by the end of the fiscal year in March 2026 [3] Market Reaction - Nintendo's shares have surged approximately 40% this year, driven by the excitement surrounding the Switch 2 [2]

任天堂第一财季经营利润569.3亿日元，同比增长4.4%，预估547.7亿日元。 第一财季净利润960.3亿日元，同比增长19%，预估580.7亿日元 第一财季销售净额5,723.6亿日元，上年同期2,466.4亿日元，预估4,897.5亿日元。 任天堂仍然预测2026财年经营利润3,200.0亿日元，市场预估4,029.4亿日元。 任天堂仍然预测2026财年净利润3,000.0亿日元，市场预估3,586.2亿日元。 任天堂仍然预测2026财年销售净额1.90万亿日元，市场预估2.14万亿日元。 任天堂仍然预测2026财年股息129.00日元，市场预估155.54日元。 ...

任天堂第一财季集团净利润960.3亿日元，增长18.6%，2025/26财年预测利润3000亿日元，增长7.6%。 ...

任天堂：第一季度Switch 2软件销量达867万份。 ...

任天堂第一季度销售净额5723.6亿日元，上年同期2466.4亿日元，预估4897.5亿日元；经营利润569.3亿 日元，同比增长4.4%，预估547.7亿日元； 净利润960.3亿日元，同比增长19%，预估580.7亿日元。 ...

Core Insights - SalesNow published a ranking of Japanese game companies based on average annual employee income, with Nintendo ranking third among game developers [1][3] - Square Enix did not make it into the top twenty of the ranking [1] Ranking Details - The ranking period is from June 2024 to June 2025, utilizing data from SalesNow DB, which covers approximately 5.4 million companies [3] - The top five companies in the ranking are: 1. Sony Group: 11.13 million JPY (approximately 538,000 RMB) 2. Bandai Namco Holdings: 10.95 million JPY (approximately 531,000 RMB) 3. Nintendo: 9.63 million JPY (approximately 467,000 RMB) 4. Sega Sammy Holdings: 8.79 million JPY (approximately 424,000 RMB) 5. Akatsuki: 8.56 million JPY (approximately 409,000 RMB) [4] - The ranking continues with notable companies such as DeNA, Capcom, and Nexon, with incomes ranging from 7.29 million JPY to 6.23 million JPY [4][5]

Core Viewpoint - Investors are concerned about the sales trajectory of Nintendo's Switch 2 console, especially as it is no longer selling out at retail, despite a strong initial performance [1][3][4]. Group 1: Stock Performance - Nintendo's stock experienced a modest pullback, down 1.9% as of 3:30 p.m. ET, with a maximum decline of 2.8% during the session [1]. - Despite recent sell-offs, Nintendo's stock is still up approximately 49% in 2025 [1]. Group 2: Switch 2 Console Performance - The Switch 2 console launched on June 5 and became the fastest-selling console in U.S. history, moving over 1.6 million units in its first month [3]. - Initially, the console was selling out quickly after restocks, but it has become easier to find on store shelves recently [3][4]. Group 3: Future Sales Outlook - Early sales data for key software titles, such as Mario Kart World, has been encouraging, indicating a strong start for the Switch 2 [4]. - The initial explosive launch performance does not guarantee that the Switch 2 will match the sales longevity of its predecessor, leading to uncertainty in predicting its future sales trajectory [5].