Nintendo raises full-year forecast, modifies dividend policy

Nintendo Co. Ltd. announced a significant upward revision to its full-year financial forecast for the fiscal year ending March 31, 2026. Net sales are now projected at JPY 2,250,000m, up from JPY 1,900,000m, while operating profit is expected to reach JPY 370,000m, an increase from JPY 320,000m. Profit attributable to owners of parent is also revised to JPY 350,000m from JPY 300,000m. These revisions are attributed to favorable sales trends and an adjusted assumed exchange rate of €160 per euro (previously €155), while the US dollar rate remains at $140.

In conjunction with the revised forecasts, Nintendo has also changed its dividend policy. The annual dividend per share will now be established at the higher of an amount calculated by dividing 40% of consolidated operating profit by total outstanding shares or an amount calculated based on 60% of consolidated profit, both rounded up to the nearest yen. Previously, these percentages were 33% and 50% respectively. This new policy will apply from the year-end dividend for the fiscal year ending March 31, 2026.

Based on the new dividend policy and revised financial forecasts, the annual dividend per share for the fiscal year ending March 31, 2026, is now forecast at JPY 181, an increase of JPY 52 from the previous forecast. The interim dividend per share is set at JPY 42. Consolidated operating results for the six months ended September 30, 2025, showed net sales of JPY 1,099,565m and profit attributable to owners of parent of JPY 198,936m.