Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Equity Bottom-Up

<ul>
<li>Nintendo reported Q3 net revenue of JPY 277 billion, down 17% year-over-year</li>
<li>Switch hardware unit sales totalled 2.6 million, down 10% YoY, although a sequential improvement of 0.5 million units was seen due to special bundles</li>
<li>We believe the Switch 2 will be a higher-specification refresh of the existing model rather than a transformative product.</li>
</ul>


Nintendo reported Q3 net revenue of JPY 277 billion, down 17% year-over-year
Switch hardware unit sales totalled 2.6 million, down 10% YoY, although a sequential improvement of 0.5 million units was seen due to special bundles
We believe the Switch 2 will be a higher-specification refresh of the existing model rather than a transformative product.


Nintendo (7974) | Q3 Results and the Road to Switch 2