‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo

Quarterly profit jump fuelled largely by unknown US refund amount as Japanese video game giant records overall sales drop
Nintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs.
The company said profits surged 53.5% to ¥147.4bn (£694m) over the three months to June, substantially beating expert forecasts for ¥77.8bn.
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