Toyota lifts profit forecast; Nintendo Switch 2 sales plunge

· Politics · Japan

Toyota raised its full-year net profit forecast to ¥3.57 trillion from ¥3.25 trillion, citing strong demand and a weak yen. The Japanese automaker's upgrade came as it navigates competition in electric and hybrid vehicles. Separately, Nintendo reported a drop in second-quarter net profit as Switch 2 unit sales plunged 41% after the gaming giant raised prices amid soaring memory costs; it kept its full-year net profit forecast of ¥310 billion. Sony lifted its operating income outlook by 15% to ¥1.87 trillion, helped by Spider-Man and games.

Why it matters：Japanese corporate results show how a weak yen and memory costs are reshaping the fortunes of the country's biggest consumer brands.

Key points

  • Toyota raised its net profit forecast to ¥3.57 trillion.
  • Nintendo's Switch 2 sales plunged 41% in the fiscal second quarter.
  • Sony lifted its operating income outlook 15% to ¥1.87 trillion.

Sources (original reporting)

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