Nintendo profits boosted by one-off US tariff refund
- A $300 million US tariff refund lifted Nintendo’s profits.
- Sales fell 9.5%, despite sharply higher operating profit.
- Nintendo says it largely absorbed the tariff costs.
Nintendo’s quarterly profits were lifted sharply by a one-off US tariff refund, despite a fall in sales. The result matters because it shows how the reversal of tariffs can materially improve companies’ earnings, while raising questions over whether customers who paid higher prices will receive any benefit. Net…