President Shuntaro Furukawa addressed investors at Nintendo’s 86th Annual General Meeting of Shareholders. The company’s stock price has fallen 58% from its all-time peak.
Furukawa plans to expand the Nintendo Switch 2 player base to improve market valuation. Nintendo expects strong fiscal 2026 results driven by the Switch 2 launch.
Management warned of weaker sales and profits for fiscal 2027. The company secured a sufficient supply of components to mitigate rising semiconductor prices.