Japanese gaming giant Nintendo has revised its outlook for fiscal year 2024/25, after reporting a staggering 59.9% drop in net profit for the first half of the year. The company now anticipates a challenging road ahead, likely until the highly anticipated successor to its popular Switch console arrives.
For the fiscal year ending in March 2025, Nintendo has downgraded its expectations for both operating profit—now expected to fall by 32%—and sales, which are projected to drop by 23%. Despite these adjustments, the company still foresees an annual net income of 300 billion yen (approximately 1.8 billion euros), marking a steep year-on-year decline of 39%.
Gamers and investors alike are eagerly monitoring any hint or rumor regarding Nintendo’s next console. The company shared only a vague timeline in May, stating that an announcement is expected by the end of March 2025, leaving many to speculate on when the official reveal might actually happen.
According to Takeshi Koyama, an analyst at Mizuho Securities, “it’s difficult to pinpoint the exact timeline” for the Switch’s successor. Koyama suggested that Nintendo is likely focused on maximizing sales of its current Switch console through 2024, especially during the holiday season—a critical sales period. He speculated that news on the next console might emerge as early as mid-January.
Several industry analysts predict that the new console could debut between March and June 2025, which would allow Nintendo to kick off the next fiscal year with strong momentum. This anticipated release could help the company recover from the ongoing downturn as it enters fiscal year 2025/26 on April 1, 2025.
