Financials Nintendo Co., Ltd.

Equities

7974

JP3756600007

Toys & Juvenile Products

Market Closed - Japan Exchange Other stock markets 07:23:38 18/05/2026 BST			5-day change	1st Jan Change
7,194.00 ^JPY	+0.60%		-6.17%	-32.10%

05-12	Nintendo Co., Ltd. Offers Nintendo Switch 2 Choose Your Game Bundle At $499.99	CI
05-11	Japan Shares Fall as US-Iran Deadlock Fuels Energy Supply Fears; Nintendo Tumbles 8%	MT

Projected Income Statement: Nintendo Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,758,910	1,695,344	1,601,677	1,671,865	1,164,922	2,313,051	2,357,633	2,650,321
Change	-	-3.61%	-5.52%	4.38%	-30.32%	98.56%	1.93%	12.41%
EBITDA ¹	651,432	603,287	515,415	546,797	297,914	382,499	414,481	533,751
Change	-	-7.39%	-14.57%	6.09%	-45.52%	28.39%	8.36%	28.78%
EBIT ¹	640,634	592,760	504,375	528,941	282,553	360,117	407,786	540,027
Change	-	-7.47%	-14.91%	4.87%	-46.58%	27.45%	13.24%	32.43%
Interest Paid ¹	-177	-281	-122	-166	-193	-210	-155	-155
Earnings before Tax (EBT) ¹	681,305	674,389	600,757	680,722	372,331	568,194	496,177	640,181
Change	-	-1.02%	-10.92%	13.31%	-45.3%	52.6%	-12.67%	29.02%
Net income ¹	480,376	477,691	432,768	490,602	278,806	424,056	411,218	506,518
Change	-	-0.56%	-9.4%	13.36%	-43.17%	52.1%	-3.03%	23.18%
Announcement Date	06/05/21	10/05/22	09/05/23	07/05/24	08/05/25	08/05/26	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	634,939	354,447	322,647	301,625	695,947	375,125	307,460	349,514	638,204	306,499	461,341	334,896	598,559	277,069	246,638	276,661	432,919	208,704	572,363	527,202	806,318	408,687	449,414	487,337	863,671	452,693	454,524	485,157
Change	-	-44.18%	-8.97%	-6.52%	130.73%	-46.1%	-18.04%	13.68%	82.6%	-51.97%	50.52%	-27.41%	78.73%	-53.71%	-10.98%	12.17%	56.48%	-51.79%	174.25%	-7.89%	52.94%	-49.31%	9.97%	8.44%	77.22%	-47.59%	0.4%	6.74%
EBITDA ¹	231,124	122,224	-	101,712	254,124	126,295	103,121	221,982	-	-	192,456	98,322	187,779	-	57,807	70,399	-	39,276	61,188	92,038	159,600	67,443	68,063	89,828	162,242	61,721	58,103	92,194
Change	-	-47.12%	-	-	149.85%	-50.3%	-18.35%	115.26%	-	-	-	-48.91%	90.98%	-	-	21.78%	-	-	55.79%	50.42%	73.41%	-57.74%	0.92%	31.98%	80.61%	-61.96%	-5.86%	58.67%
EBIT ¹	229,684	119,526	119,752	100,207	252,592	120,209	101,647	118,740	190,154	93,834	185,441	94,469	184,500	64,531	54,510	67,003	126,084	34,956	56,928	88,253	155,212	68,840	80,282	91,577	166,501	75,832	82,356	97,884
Change	-	-47.96%	0.19%	-16.32%	152.07%	-52.41%	-15.44%	16.82%	60.14%	-50.65%	97.63%	-49.06%	95.3%	-65.02%	-15.53%	22.92%	88.18%	-72.28%	62.86%	55.03%	75.87%	-55.65%	16.62%	14.07%	81.82%	-54.46%	8.6%	18.85%
Charge d'intérêts	-	-	-62	-	-75	-	-	-	-	-	-32	-	-30	-	-50	-	-	-42	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	230,643	150,697	128,603	110,970	277,486	157,330	166,740	155,615	160,114	118,288	253,753	126,227	187,318	113,424	113,454	33,609	180,060	45,208	128,055	140,183	220,078	67,570	98,210	103,818	192,698	88,220	104,606	114,051
Change	-	-34.66%	-14.66%	-13.71%	150.05%	-43.3%	5.98%	-6.67%	2.89%	-26.12%	114.52%	-50.26%	48.4%	-39.45%	0.03%	-70.38%	435.75%	-74.89%	183.26%	9.47%	56.99%	-69.3%	45.35%	5.71%	85.61%	-54.22%	18.57%	9.03%
Net income ¹	163,542	103,711	92,747	79,087	195,553	110,304	118,984	111,467	115,776	86,541	181,019	90,279	136,743	82,561	80,954	27,704	128,531	41,617	96,032	102,904	159,927	59,326	69,939	73,092	140,894	72,734	75,838	82,596
Change	-	-36.58%	-10.57%	-14.73%	147.26%	-43.59%	7.87%	-6.32%	3.87%	-25.25%	109.17%	-50.13%	51.47%	-39.62%	-1.95%	-65.78%	363.94%	-67.62%	130.75%	7.16%	55.41%	-62.9%	17.89%	4.51%	92.76%	-48.38%	4.27%	8.91%
Announcement Date	01/02/21	06/05/21	05/08/21	04/11/21	03/02/22	10/05/22	03/08/22	08/11/22	07/02/23	09/05/23	03/08/23	07/11/23	06/02/24	07/05/24	02/08/24	05/11/24	04/02/25	08/05/25	01/08/25	04/11/25	03/02/26	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2025 S1	2026 S1
Net sales ¹	624,272	1,071,072	656,974	944,703	796,237	523,299	1,099,565
Change	-	71.57%	-38.66%	43.8%	-15.72%	-34.28%	110.12%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	219,959	372,801	220,387	283,988	279,910	121,513	145,181
Change	-	69.49%	-40.88%	28.86%	-1.44%	-56.59%	19.48%
Charge d'intérêts	-147	-	-	-	-63	-	-
Earnings before Tax (EBT) ¹	239,573	-	322,355	278,402	379,980	147,063	268,238
Change	-	-	-	-13.63%	36.49%	-61.3%	82.4%
Net income ¹	171,834	305,857	230,451	202,317	271,298	108,658	198,936
Change	-	78%	-24.65%	-12.21%	34.1%	-59.95%	83.08%
Announcement Date	04/11/21	10/05/22	08/11/22	09/05/23	07/11/23	05/11/24	04/11/25

¹JPY in Million

Estimates

Forecast Balance Sheet: Nintendo Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-1,742,389	-1,206,506	-1,263,666	-2,252,705	-2,058,190	-1,954,520	-1,948,361	-2,135,810
Change	-	30.76%	-4.74%	-78.27%	8.63%	5.04%	0.32%	-9.62%
Announcement Date	06/05/21	10/05/22	09/05/23	07/05/24	08/05/25	08/05/26	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Nintendo Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	17,912	16,766	22,190	16,123	19,008	22,430	33,149	30,078
Change	-	-6.4%	32.35%	-27.34%	17.89%	18%	47.79%	-9.26%
Free Cash Flow (FCF) ¹	594,194	383,360	178,154	445,974	-6,939	459,238	337,381	400,677
Change	-	-35.48%	-53.53%	150.33%	-101.56%	6,718.22%	-26.53%	18.76%
Announcement Date	06/05/21	10/05/22	09/05/23	07/05/24	08/05/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Nintendo Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	37.04%	35.58%	32.18%	32.71%	25.57%	16.43%	17.58%	20.14%
EBIT Margin (%)	36.42%	34.96%	31.49%	31.64%	24.26%	15.57%	17.3%	20.38%
EBT Margin (%)	38.73%	39.78%	37.51%	40.72%	31.96%	24.56%	21.05%	24.15%
Net margin (%)	27.31%	28.18%	27.02%	29.34%	23.93%	18.33%	17.44%	19.11%
FCF margin (%)	33.78%	22.61%	11.12%	26.68%	-0.6%	19.73%	14.31%	15.12%
FCF / Net Income (%)	123.69%	80.25%	41.17%	90.9%	-2.49%	111.57%	82.04%	79.1%
Profitability
ROA	31%	26.26%	21.79%	22.66%	11.37%	15.05%	11.64%	13%
ROE	28.1%	24.2%	20%	20.1%	10.5%	14.9%	13.17%	14.94%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.02%	0.99%	1.39%	0.96%	1.63%	0.96%	1.41%	1.13%
CAPEX / EBITDA (%)	2.75%	2.78%	4.31%	2.95%	6.38%	5.86%	8%	5.64%
CAPEX / FCF (%)	3.01%	4.37%	12.46%	3.62%	-273.93%	4.88%	9.83%	7.51%
Items per share
Cash flow per share ¹	412.3	413.6	380.9	436.7	252.7	378.1	295.4	336.5
Change	-	0.31%	-7.91%	14.66%	-42.15%	49.66%	-20.87%	13.95%
Dividend per Share ¹	222	203	186	211	120	219	210.5	250.4
Change	-	-8.56%	-8.37%	13.44%	-43.13%	82.5%	3.7%	18.91%
Book Value Per Share ¹	1,573	1,764	1,947	2,236	2,340	2,562	2,676	2,899
Change	-	12.08%	10.38%	14.89%	4.63%	9.51%	7.72%	8.31%
EPS ¹	403.3	404.7	371.4	421.4	239.5	364.5	357.5	442.5
Change	-	0.35%	-8.22%	13.46%	-43.17%	52.22%	1.09%	23.76%
Nbr of stocks (in thousands)	1,191,232	1,173,222	1,164,229	1,164,239	1,164,248	1,152,829	1,152,829	1,152,829
Announcement Date	06/05/21	10/05/22	09/05/23	07/05/24	08/05/25	08/05/26	-	-