Nintendo posted solid sales results with noticeable year-over-year growth, but investors expected more.
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.
