Nintendo Co., Ltd.

11-1Hokotate-cho, Kamitoba,

Minami-ku, Kyoto 601-8501

Japan

November 4, 2021

Representative: Shuntaro Furukawa Representative Director and President (TSE First Section Stock Code: 7974)

Contact Person: Yutaka Takenaga Deputy General Manager

Corporate Analysis & Administration Division (Tel:075-662-9600)

Notice of Full-Year Financial Forecast Modifications

Nintendo Co., Ltd. (the "Company") modifies its financial forecast as set forth on May 6, 2021 as follows.

Consolidated financial forecast modifications

Financial forecast modifications for the year ending March 31, 2022 (April 1, 2021 - March 31, 2022)

(million yen unless otherwise stated)

Net sales

Operating profit

Ordinary profit

Profit attributable to

Profit per share

owners of parent

(yen)

Previous forecast (A)

1,600,000

500,000

480,000

340,000

2,854.20

announced on May 6, 2021

Modified forecast (B)

1,600,000

520,000

500,000

350,000

2,964.97

Increase

-

20,000

20,000

10,000

(B)-(A)

Increase

-

4.0

4.2

2.9

in percentage

Year ended

1,758,910

640,634

678,996

480,376

4,032.60

March 31, 2021

Reasons for modifications

Based on the impact on Nintendo Switch hardware production due to the factors such as the semiconductor shortage and the sales performance of Nintendo Switch software for the actual and after, the Company modifies its financial forecast in consideration of the revised sales prospects as well as the revised assumed exchange rate.

The assumed exchange rate after the second quarter and at the end of the fiscal year has been revised from 120 yen to 125 yen per euro. The assumed exchange rate for U.S. dollar remains unchanged at 105 yen per U.S. dollar.

[Notes]

Forecasts announced by the Company referred to above were prepared based on management's assumptions with information available at this time and therefore involve known and unknown risks and uncertainties. Please note such risks and uncertainties may cause the actual results to be materially different from the forecasts (earnings forecast and other forecasts).

In addition, the number of outstanding shares used for calculating "Profit per share" is the estimated average number of outstanding shares for each applicable period.

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Nintendo Co. Ltd. published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 07:11:08 UTC.