Nintendo has scaled back its revenue and profit expectations for its current fiscal year, which runs through March. The Japanese company already warned in November of disappointing sales of its Switch game computers.
Nintendo now expects an operating profit of 480 billion yen. The company previously assumed 500 billion yen. As a result, sales decreased from 1.65 trillion yen to 1.6 trillion.
However, market experts actually expected an increase in expectations, especially due to strong sales of the latest Pokémon games for the Nintendo Switch. The wildly popular Pokémon Scarlet and Violet games have been flying over the counter in recent months.
Nintendo reported a quarterly operating profit of 190.2 billion yen, below analysts’ expectations. A turnover of 638.2 billion yen was also disappointing.
The manufacturer of game computers had production problems last year due to shortages of parts such as chips. In September, however, the situation improved again. As a result, the Kyoto-based company lowered its sales forecast for the Switch in November by ten percent to nineteen million units.
