Nintendo lowers FY23 revenue view Y1.6T from Y1.65T

Lowers operating profit view to Y480B from Y500B. Lowers ordinary profit view Y520B from Y560B. Lowers net profit view Y370B from Y400B. Sees profit per share Y317.54. The company said, "Based on the sales trend through the nine months ended December 31, 2022 as well as our future outlook, we have modified our Nintendo Switch hardware and software unit sales forecast for the fiscal year. Regarding hardware, we aim to maintain sales momentum by continuing to convey the appeal of the Nintendo Switch family of systems. On the software front, the January release of Fire Emblem Engage will be followed by the scheduled February release of Kirby’s Return to Dream Land Deluxe and March release of Bayonetta Origins: Cereza and the Lost Demon. A rich variety of appealing titles are also planned for release by other software publishers. We will work to energize the platform by continuously adding new titles to those are already available and encouraging even more people to continue to enjoy playing Nintendo Switch."