Trump tariffs refund ignites 53% profit spike at Nintendo
Nintendo reported a dramatic 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 long-awaited refund from Donald Trump's tariffs, though the company experienced an overall sales decline. This tariff reimbursement proved to be a major financial windfall for the Japanese video game giant.
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‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo
Nintendo reported a dramatic 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 long-awaited refund from Donald Trump's tariffs, though the company experienced an overall sales decline. This tariff reimbursement proved to be a major financial windfall for the Japanese video game giant.
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