{"id":5066,"date":"2026-08-06T11:02:36","date_gmt":"2026-08-06T11:02:36","guid":{"rendered":"https:\/\/silvybrand.com\/?p=5066"},"modified":"2026-08-06T11:02:36","modified_gmt":"2026-08-06T11:02:36","slug":"nintendo-earnings-q1-2027-tariff-refund","status":"publish","type":"post","link":"https:\/\/silvybrand.com\/?p=5066","title":{"rendered":"Nintendo beats earnings thanks to US tariff refunds"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won\u2019t receive anything from the latter. In its latest financial results, <a href=\"https:\/\/www.nintendo.co.jp\/ir\/en\/events\/index.html\">Nintendo reports<\/a> that operating profits soared to 142.5 billion yen (about $902 million) between April 1st and June 30th, compared to 56.9 billion yen (about $360 million) for the same quarter last year \u2014 an increase of 150.5 percent.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">This spike is partially attributed to a boom in game sales, with Switch 2 software sales increasing by 9.2 percent compared to the previous year, and software for the original Switch console increasing by 38.6 percent. Sales for the Switch 2 console itself fell from 5.82 million units to 3.82 million units over the same period, though that current figure is higher than the 2.49 million units Nintendo sold last quarter.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">A sizable chunk of the boosted profit comes from refunds for US tariffs, with Nintendo saying it recorded \u201capproximately $300 million as a reduction of cost of sales\u201d for this quarter. While the company has <a href=\"https:\/\/www.theverge.com\/news\/717325\/nintendo-switch-price-hike-tariffs\">increased the price<\/a> of <a href=\"https:\/\/www.theverge.com\/games\/926606\/nintendo-switch-2-price-hikes-earnings-results\">both Switch consoles<\/a> over the last year, Nintendo says it bore the brunt of costs associated with tariffs instead of passing them over to consumers through increased product prices. That means it believes anyone who paid a higher price for their Switch console isn\u2019t entitled to part of that tariff refund.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">Nintendo is currently <a href=\"https:\/\/arstechnica.com\/tech-policy\/2026\/07\/nintendo-customers-have-no-legal-right-to-tariff-refunds-company-tells-judge\/\">defending this argument in court<\/a>, in a bid to dismiss a lawsuit alleging that it\u2019s retaining tariff refunds despite passing those costs to its customers. Other gaming companies have faced a similar legal battle \u2014 <a href=\"https:\/\/fortune.com\/2026\/08\/05\/what-happened-trump-tariff-refunds-from-companies-consumers-class-action\/\">Sony was also sued<\/a> by customers in May, who alleged it saw a \u201cdouble recovery windfall\u201d by collecting tariff refunds after increasing PlayStation console prices.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.theverge.com\/games\/976054\/nintendo-earnings-q1-2027-tariff-refund\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won\u2019t receive anything from the latter. In its latest financial results, Nintendo reports that operating profits soared to 142.5 billion yen (about $902 million) between April 1st and June 30th, compared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[135,64,39,46,128],"class_list":["post-5066","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gadgets","tag-business","tag-entertainment","tag-gaming","tag-news","tag-nintendo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nintendo beats earnings thanks to US tariff refunds - Silvybrand Lifestyle Blog<\/title>\n<meta name=\"description\" content=\"Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds it won\u2019t share with gamers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/silvybrand.com\/?p=5066\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nintendo beats earnings thanks to US tariff refunds - 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