‘Mama mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo
- Nintendo profit rose 53.5% to ¥147.4bn on a US tariff refund
- Overall quarterly revenue still fell 10% year-on-year
- Nintendo faces a customer lawsuit over tariff-related price rises
Nintendo's quarterly profit jumped 53.5% to ¥147.4bn (£694m) in the three months to June, far outstripping analysts' forecasts of ¥77.8bn, after the company received a refund on tariffs imposed by Donald Trump. The boost came despite an overall 10% drop in revenue to ¥517.8bn, highlighting how the reversal…