Financials Nintendo Co., Ltd.

Equities

7974

JP3756600007

Toys & Juvenile Products

Delayed Japan Exchange Other stock markets 07:51:42 09/07/2025 am IST			5-day change	1st Jan Change
12,870.00 ^JPY	-1.34%		-4.17%	+38.92%

03/07	Nintendo Announces Flying Sparks and Superstar	CI
30/06	Nintendo Withdraws Products From Amazon US Platform Amid Dispute Over Unauthorized Sales	MT

Projected Income Statement: Nintendo Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	17,58,910	16,95,344	16,01,677	16,71,865	11,64,922	21,10,601	23,84,840	25,53,688
Change	-	-3.61%	-5.52%	4.38%	-30.32%	81.18%	12.99%	7.08%
EBITDA ¹	6,51,432	6,03,287	5,15,415	5,46,797	2,97,914	3,99,480	5,94,444	7,01,708
Change	-	-7.39%	-14.57%	6.09%	-45.52%	34.09%	48.8%	18.04%
EBIT ¹	6,40,634	5,92,760	5,04,375	5,28,941	2,82,553	3,91,233	5,66,898	6,89,907
Change	-	-7.47%	-14.91%	4.87%	-46.58%	38.46%	44.9%	21.7%
Interest Paid ¹	-177	-281	-122	-166	-193	-100	-164.3	-100
Earnings before Tax (EBT) ¹	6,81,305	6,74,389	6,00,757	6,80,722	3,72,331	4,59,504	6,66,421	7,87,497
Change	-	-1.02%	-10.92%	13.31%	-45.3%	23.41%	45.03%	18.17%
Net income ¹	4,80,376	4,77,691	4,32,768	4,90,602	2,78,806	3,48,448	4,84,814	5,72,123
Change	-	-0.56%	-9.4%	13.36%	-43.17%	24.98%	39.14%	18.01%
Announcement Date	06/05/21	10/05/22	09/05/23	07/05/24	08/05/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	3,58,106	4,11,418	6,34,939	3,54,447	3,22,647	3,01,625	6,95,947	3,75,125	3,07,460	3,49,514	6,38,204	3,06,499	4,61,341	3,34,896	5,98,559	2,77,069	2,46,638	2,76,661	4,32,919	2,08,704	4,49,974	4,27,846	7,62,477	4,05,831	3,84,363	4,42,806	8,13,126	4,26,204
Change	-	14.89%	54.33%	-44.18%	-8.97%	-6.52%	130.73%	-46.1%	-18.04%	13.68%	82.6%	-51.97%	50.52%	-27.41%	78.73%	-53.71%	-10.98%	12.17%	56.48%	-51.79%	115.6%	-4.92%	78.21%	-46.77%	-5.29%	15.21%	83.63%	-47.58%
EBITDA ¹	1,46,056	1,48,012	2,31,124	1,22,224	-	1,01,712	2,54,124	1,26,295	1,03,121	2,21,982	-	-	1,92,456	98,322	1,87,779	-	57,807	70,399	-	39,276	68,500	75,900	1,51,700	56,900	-	-	-	-
Change	-	1.34%	56.15%	-47.12%	-	-	149.85%	-50.3%	-18.35%	115.26%	-	-	-	-48.91%	90.98%	-	-	21.78%	-	-	74.41%	10.8%	99.87%	-62.49%	-	-	-	-
EBIT ¹	1,44,737	1,46,687	2,29,684	1,19,526	1,19,752	1,00,207	2,52,592	1,20,209	1,01,647	1,18,740	1,90,154	93,834	1,85,441	94,469	1,84,500	64,531	54,510	67,003	1,26,084	34,956	48,188	75,016	1,73,009	78,321	77,540	96,084	2,66,720	99,656
Change	-	1.35%	56.58%	-47.96%	0.19%	-16.32%	152.07%	-52.41%	-15.44%	16.82%	60.14%	-50.65%	97.63%	-49.06%	95.3%	-65.02%	-15.53%	22.92%	88.18%	-72.28%	37.85%	55.67%	130.63%	-54.73%	-1%	23.92%	177.59%	-62.64%
Charge d'intérêts	-	-	-	-	-62	-	-75	-	-	-	-	-	-32	-	-30	-	-50	-	-	-42	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,50,327	1,49,638	2,30,643	1,50,697	1,28,603	1,10,970	2,77,486	1,57,330	1,66,740	1,55,615	1,60,114	1,18,288	2,53,753	1,26,227	1,87,318	1,13,424	1,13,454	33,609	1,80,060	45,208	67,231	99,351	1,95,497	70,245	1,08,000	1,30,500	2,31,100	1,24,400
Change	-	-0.46%	54.13%	-34.66%	-14.66%	-13.71%	150.05%	-43.3%	5.98%	-6.67%	2.89%	-26.12%	114.52%	-50.26%	48.4%	-39.45%	0.03%	-70.38%	435.75%	-74.89%	48.72%	47.77%	96.77%	-64.07%	53.75%	20.83%	77.09%	-46.17%
Net income ¹	1,06,482	1,06,641	1,63,542	1,03,711	92,747	79,087	1,95,553	1,10,304	1,18,984	1,11,467	1,15,776	86,541	1,81,019	90,279	1,36,743	82,561	80,954	27,704	1,28,531	41,617	45,256	66,540	1,44,248	74,994	76,700	92,700	1,64,100	88,400
Change	-	0.15%	53.36%	-36.58%	-10.57%	-14.73%	147.26%	-43.59%	7.87%	-6.32%	3.87%	-25.25%	109.17%	-50.13%	51.47%	-39.62%	-1.95%	-65.78%	363.94%	-67.62%	8.74%	47.03%	116.79%	-48.01%	2.27%	20.86%	77.02%	-46.13%
Announcement Date	06/08/20	05/11/20	01/02/21	06/05/21	05/08/21	04/11/21	03/02/22	10/05/22	03/08/22	08/11/22	07/02/23	09/05/23	03/08/23	07/11/23	06/02/24	07/05/24	02/08/24	05/11/24	04/02/25	08/05/25	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2025 S1
Net sales ¹	9,89,386	6,24,272	10,71,072	6,56,974	9,44,703	7,96,237	5,23,299
Change	-	-36.9%	71.57%	-38.66%	43.8%	-15.72%	-34.28%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	3,49,210	2,19,959	3,72,801	2,20,387	2,83,988	2,79,910	1,21,513
Change	-	-37.01%	69.49%	-40.88%	28.86%	-1.44%	-56.59%
Charge d'intérêts	-	-147	-	-	-	-63	-
Earnings before Tax (EBT) ¹	-	2,39,573	-	3,22,355	2,78,402	3,79,980	1,47,063
Change	-	-	-	-	-13.63%	36.49%	-61.3%
Net income ¹	2,67,253	1,71,834	3,05,857	2,30,451	2,02,317	2,71,298	1,08,658
Change	-	-35.7%	78%	-24.65%	-12.21%	34.1%	-59.95%
Announcement Date	06/05/21	04/11/21	10/05/22	08/11/22	09/05/23	07/11/23	05/11/24

¹JPY in Million

Estimates

Forecast Balance Sheet: Nintendo Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-17,42,389	-12,06,506	-12,63,666	-22,52,705	-20,58,190	-19,37,018	-20,87,497	-24,15,314
Change	-	30.76%	-4.74%	-78.27%	8.63%	5.89%	-7.77%	-15.7%
Announcement Date	06/05/21	10/05/22	09/05/23	07/05/24	08/05/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Nintendo Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	17,912	16,766	22,190	16,123	19,008	21,744	26,022	24,802
Change	-	-6.4%	32.35%	-27.34%	17.89%	14.39%	19.67%	-4.69%
Free Cash Flow (FCF) ¹	5,94,194	3,83,360	1,78,154	4,45,974	-6,939	3,90,851	4,00,980	4,86,988
Change	-	-35.48%	-53.53%	150.33%	-101.56%	5,732.68%	2.59%	21.45%
Announcement Date	06/05/21	10/05/22	09/05/23	07/05/24	08/05/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Nintendo Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	37.04%	35.58%	32.18%	32.71%	25.57%	18.93%	24.93%	27.48%
EBIT Margin (%)	36.42%	34.96%	31.49%	31.64%	24.26%	18.54%	23.77%	27.02%
EBT Margin (%)	38.73%	39.78%	37.51%	40.72%	31.96%	21.77%	27.94%	30.84%
Net margin (%)	27.31%	28.18%	27.02%	29.34%	23.93%	16.51%	20.33%	22.4%
FCF margin (%)	33.78%	22.61%	11.12%	26.68%	-0.6%	18.52%	16.81%	19.07%
FCF / Net Income (%)	123.69%	80.25%	41.17%	90.9%	-2.49%	112.17%	82.71%	85.12%
Profitability
ROA	31%	26.26%	21.79%	22.66%	11.37%	10.02%	13.37%	14.35%
ROE	28.1%	24.2%	20%	20.1%	10.5%	12.33%	15.45%	16.38%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.02%	0.99%	1.39%	0.96%	1.63%	1.03%	1.09%	0.97%
CAPEX / EBITDA (%)	2.75%	2.78%	4.31%	2.95%	6.38%	5.44%	4.38%	3.53%
CAPEX / FCF (%)	3.01%	4.37%	12.46%	3.62%	-273.93%	5.56%	6.49%	5.09%
Items per share
Cash flow per share ¹	412.3	413.6	380.9	436.7	252.7	337.4	306	388.1
Change	-	0.31%	-7.91%	14.66%	-42.15%	33.55%	-9.31%	26.82%
Dividend per Share ¹	222	203	186	211	120	152	206.7	249.3
Change	-	-8.56%	-8.37%	13.44%	-43.13%	26.63%	36%	20.63%
Book Value Per Share ¹	1,573	1,764	1,947	2,236	2,340	2,482	2,732	3,005
Change	-	12.08%	10.38%	14.89%	4.63%	6.09%	10.06%	9.98%
EPS ¹	403.3	404.7	371.4	421.4	239.5	301.2	418.3	491.3
Change	-	0.35%	-8.22%	13.46%	-43.17%	25.79%	38.85%	17.46%
Nbr of stocks (in thousands)	11,91,232	11,73,222	11,64,229	11,64,239	11,64,248	11,64,248	11,64,248	11,64,248
Announcement Date	06/05/21	10/05/22	09/05/23	07/05/24	08/05/25	-	-	-