In the latest financial report, growth came in below the company's forecasts, and Nintendo shares on the Tokyo Stock Exchange fell by more than 10% in a single day.
This continues the trend seen since August 2025: back then, the shares were worth 14,000 yen ($89) each, and now they are around 9,000 yen ($57). Over six months, the company has lost more than 31% of its market value.
According to analysts, the decline was influenced by news of a sharp rise in RAM prices, which could reduce Switch 2 margins. Investors are also wary of the capabilities of the new Google Genie 3 to generate interactive worlds and of reports about a mass shift of players from consoles to PC.
For now, it is premature to speak of a Nintendo crisis. The company has returned to 2024 levels, when its shares were also trading at around 9,000 yen, while its financial indicators remain strong.