FY27 hardware guidance is for 16.5m Switch 2 units, down 17%. Memory and shipping costs add a ¥100bn drag. The US price moves to $499.99 in September; Japan goes to ¥59,980 from 25 May.

Nintendo shares dropped roughly 7% in Tokyo trading on Monday after Friday’s full-year results paired a record fiscal year with a notably cautious outlook for the year ahead. The stock has shed close to 30% since the start of 2026.

FY26, which closed in March, was the strongest in Nintendo’s history. Revenue almost doubled to ¥2.31 trillion. Net profit rose 52.1% to ¥424bn.

The Switch 2 launched in early June 2025 and has been the largest console launch by units in the company’s history. The numbers that came in alongside that, however, are what unsettled the market.

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