Trump tariffs refund sparks Nintendo profit surge

Nintendo reported a remarkable 53.5% surge in quarterly profits to ¥147.4bn (£694m) for the three months ending June, significantly exceeding analyst expectations of ¥77.8bn. The substantial profit jump was primarily driven by a refund from Donald Trump's tariffs, though the exact amount remains undisclosed. Despite the impressive profit growth, the company experienced an overall decline in sales during the period.