US tariff refund boosts Nintendo profit 53% despite sales drop

Nintendo's quarterly profit surged 53.5% to ¥147.4bn, aided by a US tariff refund, despite overall sales falling 10% to ¥517.8bn. The result beat forecasts of ¥77.8bn. Switch 2 sales stayed strong, but revenue dropped 10%. The refund came after the Supreme Court ruled Trump's tariffs illegal; Washington repaid about $100bn of $165bn collected. Nintendo has sued for a full refund plus interest, and faces a class action over pricing. New US tariffs on Japan could pose further problems, though 25 states are challenging them.