{"id":729376,"date":"2026-08-06T13:28:11","date_gmt":"2026-08-06T13:28:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/729376\/"},"modified":"2026-08-06T13:28:11","modified_gmt":"2026-08-06T13:28:11","slug":"mamma-mia-trump-tariffs-refund-ignites-53-profit-spike-at-nintendo-nintendo","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/729376\/","title":{"rendered":"\u2018Mamma mia!\u2019: Trump tariffs refund ignites 53% profit spike at Nintendo | Nintendo"},"content":{"rendered":"<p class=\"dcr-1s160rg\">Nintendo has reported a jump in profits, as the Japanese game maker\u2019s earnings were buoyed up by a long-awaited refund on Donald Trump\u2019s tariffs.<\/p>\n<p class=\"dcr-1s160rg\">The company said profits surged 53.5% to \u00a5147.4bn (\u00a3694m) over the three months to June, substantially beating expert forecasts for \u00a577.8bn.<\/p>\n<p class=\"dcr-1s160rg\">Nintendo said sales of its Switch 2 console, which was released last summer, \u201cmaintained strong sales momentum\u201d, while popular games such as Yoshi and the Mysterious Book, Star Fox, and Pok\u00e9mon Pokopia \u201cperformed steadily\u201d. However, that did not make up for an overall drop in sales compared with the same period last year, with revenue down by 10% to \u00a5517.8bn.<\/p>\n<p class=\"dcr-1s160rg\">Instead, Nintendo said profits were aided by a refund on US tariffs, after the country\u2019s <a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/feb\/20\/what-will-happen-to-trump-tariffs-after-supreme-court-verdict\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">supreme court ruled<\/a> in February that Donald Trump\u2019s sweeping \u201cliberation day\u201d trade levies were illegal.<\/p>\n<p class=\"dcr-1s160rg\">The <a href=\"https:\/\/www.theguardian.com\/us-news\/trump-administration\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\" rel=\"nofollow noopener\" target=\"_blank\">Trump administration<\/a> has refunded about $100bn from the tariffs charged before the court ruling, representing 60% of the total $165bn collected. Trump has continued to pitch tariffs as a solution for the US economy, bringing back domestic production, securing better trade deals and closing the deficit in the federal budget.<\/p>\n<p class=\"dcr-1s160rg\">Nintendo\u2019s Tokyo-listed shares were up 2.87% on Thursday after the earnings release.<\/p>\n<p class=\"dcr-1s160rg\">The company <a href=\"https:\/\/au.pcmag.com\/computers-electronics\/116411\/nintendo-sues-us-government-demands-full-tariff-refund-plus-interest\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">filed a lawsuit<\/a> weeks after the US supreme court ruling, demanding a full refund from the White House that would cover what it spent on tariffs, plus interest.<\/p>\n<p class=\"dcr-1s160rg\">While a refund now appears to have come through, Nintendo stopped short of confirming the full amount, at a time when it is still appears to be resisting calls to pass those refunds on to consumers.<\/p>\n<p><a data-ignore=\"global-link-styling\" href=\"#EmailSignup-skip-link-9\" class=\"dcr-76akua\">skip past newsletter promotion<\/a>Free newsletter | Every weekday<\/p>\n<p class=\"dcr-vf9hps\">Sign up to Business Today<\/p>\n<p class=\"dcr-1r7my33\">Get set for the working day \u2013 we&#8217;ll point you to all the business news and analysis you need every morning<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/06\/500.jpg\" alt=\"\" loading=\"lazy\" decoding=\"async\" class=\"dcr-xiq31o\"\/><\/p>\n<p id=\"EmailSignup-skip-link-9\" tabindex=\"0\" aria-label=\"after newsletter promotion\" role=\"note\" class=\"dcr-76akua\">after newsletter promotion<\/p>\n<p class=\"dcr-1s160rg\">Last month, Nintendo was hit with a <a href=\"https:\/\/www.forbes.com\/sites\/tylerroush\/2026\/07\/21\/nintendo-wont-pass-on-tariff-refunds-arguing-consumers-received-exactly-what-they-bargained-and-paid-for\/\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">class action lawsuit on behalf of customers<\/a>, which claims the company hiked its prices because of tariffs but later benefited from the refunds. Nintendo\u2019s lawyers described the lawsuit as \u201cmeritless\u201d, and that the price customers paid represented \u201cthe purchase price of the goods they wanted and received.\u201d<\/p>\n<p class=\"dcr-1s160rg\">Last month, Trump imposed a <a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/jul\/23\/trump-administration-trade-tariffs\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">fresh round of tariffs <\/a>on more than 80 countries, including Japan, in a move that is likely to pose further problems for companies such as Nintendo. However, a coalition of 25 US states <a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/aug\/03\/states-sue-trump-administration-tariffs\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">are now suing the Trump administration over the levies<\/a>, potentially opening the door to another round of refunds for beleaguered exporters.<\/p>\n","protected":false},"excerpt":{"rendered":"Nintendo has reported a jump in profits, as the Japanese game maker\u2019s earnings were buoyed up by a&hellip;\n","protected":false},"author":2,"featured_media":729377,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[59,86,56,54,55],"class_list":["post-729376","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology","tag-gb","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/729376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=729376"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/729376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/729377"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=729376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=729376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=729376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}