Nintendo’s Revenue Drops 9.5%, yet Profit Soars 150%, as High-Margin Software and a Tariff Refund Rewrite the Quarter

Nintendo has published its financial results for the first quarter of fiscal year 2027 (April through June 2026), revealing a peculiar disconnect between the company's revenue and its profit. Nintendo's net sales for the quarter totaled 517.8 billion yen, down 9.5% year-over-year; despite that decli…