NINTENDO REPORTS £693M PROFIT BOOST FROM US TARIFF REFUND

Nintendo reported a profit of £693 million for the six months to June, representing a 54 per cent increase on the previous year's figure. The Japanese video game manufacturer attributed the rise partly to a refund of tariffs paid in the United States. The company did not disclose the precise amount of the tariff refund it received. Sales declined 9.5 per cent to £2.4 billion over the same period.

Nintendo's profit growth occurred alongside the release of new titles including Yoshi and the Mysterious Book and Star Fox, both launched in May and June respectively, and continued sales of its Switch 2 console. The US Supreme Court ruled that tariffs on imports announced by President Donald Trump were unconstitutional, as he had not secured Congressional approval before implementing them. Following that ruling, the US government repaid approximately £74 billion in tariffs to affected importers.

The tariff refund provided material support to Nintendo's financial performance during a period when conventional sales revenue fell. No further statement has been issued by Nintendo regarding the scale of its individual refund or the wider impact of trade tariffs on its operations going forward.