Core Insights - Nintendo is releasing a new game titled "DRAGON QUEST VII Reimagined" on the Nintendo eShop for Nintendo Switch and Nintendo Switch 2, which features a new art style and a streamlined main story [1]. Group 1 - The game "DRAGON QUEST VII Reimagined" focuses on a narrative involving companions and the mystery of a kingdom being the last remaining island in the world [1]. - The new art style combines diorama visuals with iconic character designs, enhancing the visual experience for players [1]. - The game introduces a Moonlighting system, which allows players to engage in additional gameplay elements [1].

Core Insights - The latest Nintendo Direct: Partner Showcase introduced a variety of classic titles with enhancements, new adventures debuting on Nintendo Switch 2, and entirely new games for both Nintendo Switch 2 and Nintendo Switch [1] Group 1 - Iconic franchises from Bethesda Game Studios and MachineGames are making their debut on the Nintendo Switch 2 system [1] - The showcase highlighted the arrival of a well-known archeologist and adventurer in India [1]

Core Viewpoint - Nintendo's recent financial report fell short of market expectations, raising concerns about future profitability due to rising component costs and conservative sales forecasts [1][3]. Financial Performance - For the first three quarters of fiscal year 2026, Nintendo reported net sales of 1,905.8 billion yen, a year-on-year increase of 99.3%; operating profit was 300.3 billion yen, up 21.3%; and net profit reached 358.8 billion yen, a 51.3% increase. However, the net profit margin decreased by 6 percentage points to 18.8% [1]. - In the third quarter of fiscal year 2026, Nintendo achieved revenue of 806.3 billion yen, an 86% year-on-year increase, but below the market expectation of 847.7 billion yen. Operating profit was 155.2 billion yen, up 23.1%, also below the expected 180.7 billion yen [1]. Hardware and Software Sales - In the first three quarters, the Switch 2 console sold 17.37 million units, making it the fastest console to reach 15 million sales. However, sales of the original Switch console decreased by 66% to 3.25 million units. Software sales for Switch 2 reached 37.93 million copies, while sales for the original Switch declined by 12.1% to 109 million copies [2]. Future Outlook - Nintendo maintained its full-year forecast for fiscal year 2026, projecting Switch 2 sales of 19 million units, with nearly 17.4 million units sold by the end of December 2025. The company also expects a net profit of 350 billion yen for the fiscal year [3]. - Concerns about profit margins are heightened due to ongoing U.S. tariffs and rising storage chip prices, which could pressure future profitability [3]. Component Cost Impact - Nintendo's president stated that the recent rise in memory prices has not significantly impacted hardware profits for the first three quarters, but ongoing price increases could pose risks. The company is monitoring the situation closely [5]. - The global storage chip market is experiencing a "super cycle" driven by AI demand, leading to rising prices that could affect the profitability of consumer electronics [5]. Pricing Strategy - Analysts suggest that raising the price of the Switch 2 may be necessary to maintain profitability amid rising memory costs, with estimates indicating a potential price increase of about 15% [6]. - However, some analysts believe that concerns regarding the profitability of the Switch 2 may be overstated, as Nintendo traditionally adheres to a strategy of not selling hardware at a loss [7].

Core Insights - The highly anticipated game "Black Myth: Wukong," set to launch in 2024, is expected to be available on the Nintendo Switch 2, generating significant interest in the gaming industry and among players [1][3] - The information was revealed by insider Nate the Hate during his podcast, mentioning the upcoming "Nintendo Direct: Partner Showcase," although it remains uncertain if the game will be officially showcased in February [1] Group 1 - "Black Myth: Wukong," an action game adapted from the classic IP "Journey to the West," has achieved impressive sales, surpassing 30 million copies shortly after its release [3] - The game won the Best Action Game award at the 2024 TGA Game Awards, gaining global recognition for its unique cultural expression and high-quality gameplay [3] - Currently, there are no downloadable content (DLC) available for the game, and it is unclear whether the storyline will continue as a traditional sequel or through DLC [3] Group 2 - Game Science has announced a new title, "Black Myth: Zhong Kui," during the 2025 Cologne Game Show, clarifying that it is not a sequel to "Black Myth: Wukong" [3] - The company plans to expand the "Black Myth" series with more titles centered around this story IP, aiming to enrich the content matrix of the franchise [3]

Market Overview - The U.S. stock market is experiencing mixed trading patterns with a notable rotation out of technology giants and into broader market sectors [1] - The S&P 500 has slipped around 0.2% to 0.3%, marking a modest decline for the fourth time in the last five days [2] - The Nasdaq Composite has traded approximately 1% lower, with the Nasdaq 100 specifically seeing a 1.4% loss [2] - The Dow Jones Industrial Average has risen by as much as 389 points, or 0.8%, indicating a shift away from tech stocks towards firms expected to benefit from improving growth prospects [2] Economic Indicators - The yield on 10-year Treasuries has remained steady at 4.28% [3] - Upcoming economic data includes the ADP Employment Change and ISM Services PMI for January, which are crucial for assessing the labor market and services sector [5] - The week will culminate with the U.S. Employment Report on February 6th, which includes non-farm payrolls and average hourly earnings [6] Company-Specific Highlights - Advanced Micro Devices (AMD) shares dropped by as much as 15.7% despite stronger-than-expected profits, indicating high expectations for AI-related companies [9] - Uber Technologies (UBER) fell 3% to 5% after its quarterly results and profit forecast fell short of expectations [10] - Super Micro Computer (SMCI) rallied by 12% to 14% after delivering stronger-than-expected profits [10] - Eli Lilly (LLY) surged by 9.2% after exceeding profit expectations and providing strong guidance, driven by its obesity drugs [11] - Silicon Laboratories (SLAB) shares soared by 51% following the announcement of its acquisition by Texas Instruments for approximately $7.5 billion [13] - Nvidia (NVDA) shares declined 2.8% due to a broad tech sell-off and uncertainty surrounding its OpenAI investment [14]

Core Viewpoint - Nintendo's stock price experienced a significant drop, falling nearly 11% after disappointing financial results, raising concerns about future profitability due to rising memory chip prices and U.S. tariffs on the Switch 2 console [1][2][4]. Financial Performance - For Q4 2025, Nintendo reported revenue of 806.3 billion yen, an 86% year-on-year increase, but below market expectations of 847.7 billion yen [4]. - Operating profit was 155.2 billion yen, a 23.1% increase year-on-year, also falling short of the anticipated 180.7 billion yen [4]. - Net profit reached 159.9 billion yen, up 24.43% year-on-year [4]. Market Concerns - The company faces challenges from U.S. tariffs affecting global supply chains and rising component costs due to increased investment in AI hardware [4][6]. - There are worries that the rising prices of memory chips will impact Nintendo's profit margins, as these components are essential for gaming consoles and other electronic devices [6][7]. - Analysts predict that Nintendo may need to raise the price of the Switch 2 by 15% to offset increasing memory costs, which could pressure profitability [7]. Product Performance - The Switch 2 was priced at $449.99 in the U.S., significantly higher than the Japanese price of 49,980 yen (approximately $320), reflecting the current inflationary environment [4]. - Nintendo maintained its sales forecast for the Switch 2 at 19 million units by March 2026, with nearly 17.4 million units sold by the end of December 2025 [4]. Stock Price Trends - Following the launch of the Switch 2 in June last year, Nintendo's stock peaked at over 14,000 yen in August but has since declined by nearly 40% [5].

Core Viewpoint - Nintendo's stock has experienced its largest drop in 18 months due to disappointing earnings data, highlighting a significant impact on operating profit margins from rising storage chip costs and concerns about future profitability [1][2]. Group 1: Financial Performance - Nintendo reported a quarterly operating profit of approximately 155.2 billion yen (about $998.5 million), which fell short of analysts' average estimate of 180.7 billion yen [4]. - Despite a sales increase of over 80% to 806.3 billion yen, the operating profit growth was limited to 23%, also below market expectations [4]. - The company maintained its annual revenue and operating profit guidance, projecting sales of 19 million units of the Switch 2 from June to the end of March [9]. Group 2: Market Concerns - The rising costs of storage components, particularly DRAM and NAND, are expected to significantly compress hardware profit margins and future pricing flexibility for consumer electronics [2][10]. - TrendForce predicts that the cost of game console storage modules could account for approximately 21%-23% of total hardware costs by 2026, leading to ongoing risks of declining gross margins for consumer electronics brands [2]. - The demand for storage from AI data centers is consuming a significant portion of global memory production capacity, further straining supply for consumer electronics [7]. Group 3: Strategic Responses - Nintendo's management acknowledged the challenges posed by high storage prices and indicated that they are in long-term discussions with suppliers to secure stable procurement of storage chips [9]. - The company is considering potential price adjustments for the Switch series to mitigate the impact of rising costs, although it aims to carefully weigh its options [9]. - Analysts suggest that the key to navigating the storage cost crisis lies in enhancing software sales and maintaining a robust software ecosystem, which is currently under pressure from competitive threats [8][11].

Core Viewpoint - Nintendo's stock price experienced its largest drop in 18 months due to disappointing earnings data, highlighting significant pressure on operating profit margins and concerns over rising storage chip prices affecting profitability through 2026 [1][2]. Group 1: Financial Performance - Nintendo's latest earnings report revealed an operating profit of approximately 155.21 billion yen (about $998.5 million), significantly below analysts' average estimate of 180.7 billion yen [4]. - Despite a sales increase of over 80% to 806.32 billion yen, the operating profit growth was limited to 23%, indicating a substantial compression in profit margins [4]. - The company maintained its annual revenue and operating profit guidance, projecting sales of 19 million units of the Switch 2 from June to March, which analysts view as conservative [11]. Group 2: Market Concerns - The rising costs of storage components, particularly DRAM and NAND, are expected to consume a significant portion of hardware costs, potentially accounting for 21%-23% of total hardware costs by 2026 [2]. - TrendForce has downgraded its forecast for game console shipments in 2026 from a year-over-year decline of 3.5% to 4.4% due to the impact of rising storage prices [2]. - Analysts express concerns that Nintendo's low pricing strategy in Japan, aimed at attracting consumers, is further diluting profit margins [4]. Group 3: Industry Dynamics - The demand for storage components driven by AI data center construction is significantly impacting the availability and pricing of these components, leading to increased costs for consumer electronics [2][12]. - The price of DRAM has surged by over 370% since September 2025, with DDR5 DRAM chips experiencing a price increase of up to 455% [6]. - The gaming industry faces heightened competition, with platforms like Roblox attracting younger audiences, posing a long-term threat to Nintendo's market share [8]. Group 4: Strategic Responses - Nintendo's management acknowledges the challenges posed by the current market environment and is engaging in long-term discussions with suppliers to secure stable storage chip procurement [10]. - The company is considering potential price adjustments for its hardware in response to rising storage costs, although it aims to weigh various options carefully [10]. - The ability to maintain profitability will depend on the success of software sales and the density of blockbuster titles within Nintendo's software ecosystem [12].

智通财经APP获悉，电子游戏巨头任天堂(Nintendo)在日本股市的股价创下18个月来最大跌幅，此前该公司公布的盈利数据令 市场颇感失望，显示营业利润率遭受重创，同时市场对于2026年存储芯片价格持续飙升影响利润率曲线的担忧不断升温。向来 以长期牛市股价轨迹著称的任天堂惊现暴跌，该股周三在东京股票市场一度跌超12%。这家总部位于京都的电子游戏领军者正 面临美国关税带来的全球成本扰动，而由AI算力基础设施狂热投入引发的存储类组件成本飙升也在不断拖累其业绩展望。 任天堂周二公布的最新业绩数据以及未来展望显示，由于AI数据中心建设进程如火如荼争抢存储芯片产能，导致核心存储组件 采购成本飙升，成为Switch 2陷入 "增收不增利"困境的核心因素。尽管Switch 2销量增长，但硬件利润被严重侵蚀。此外，公 司在日本市场的低价策略也进一步摊薄了利润，并且该公司维持全年指引与硬件销量目标(6月发售到3月底预期1900万台)也被 市场解读为偏保守。 投资者们当前所忧虑的"存储吞噬消费电子利润"并非空穴来风，任天堂管理层在业绩声明中也明确指出：若存储组件高价持 续，价格超出预期并长期化，就可能进一步压缩盈利空间。市场研究 ...

每经AI快讯，任天堂今日跳空低开，股价一度下跌12.28%。 （文章来源：每日经济新闻） ...