Nintendo Co., Ltd.
11-1 Hokotate-cho, Kamitoba,Minami-ku, Kyoto 601-8501
JapanFebruary 3, 2022

Notice of Full-Year Financial Forecast and Dividend Forecast Modifications
Nintendo Co., Ltd. (the "Company") modifies its financial and dividend forecasts as set forth on November 4, 2021 asfollows.

1. 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)
Profit per share(yen)Net sales

Operating profit

Ordinary profit

Profit attributable toowners of parentPrevious forecast (A)announced on November 4, 2021

1,600,000

520,000

500,000

350,000

2,964.97

Modified forecast (B)1,650,000

560,000

570,000

400,000

3,388.54

50,00040,00070,00050,000

3.1

7.7

14.0

14.3

1,758,910

640,634

678,996

480,376

Increase(B)-(A)
Increase in percentage
Year ended March 31, 2021

4,032.60

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 third quarter and at the end of the fiscal year has been revised from 105
yen to 110 yen per U.S. dollar. The assumed exchange rate for euro remains unchanged at 125 yen per euro.
2. Dividend forecast modifications for the fiscal year ending March 31, 2022 (April 1, 2021 - March 31, 2022)(yen)
End of 1st quarterEnd of 2nd quarterEnd of 3rd quarter

Year-end

AnnualPrevious forecast
announced on November 4, 2021870.00

1,490.00

Modified forecast

1,080.00

1,700.00

Year ending March 31, 2022-

620.00-210210Year ended March 31, 2021

-810.00-

1,410.00

2,220.00

Reasons for modifications
If the actual consolidated financial results for the fiscal year ending March 31, 2022 are in line with our modified
financial forecasts, the year-end dividend and the annual dividend per share for the fiscal year ending March 31,
2022 are expected to be 1,080 yen and 1,700 yen correspondingly based on our dividend policy.
[Notes]
The interim (at the end of 2nd quarter) dividend per share is calculated by dividing 33% of consolidated operating profit of
the six-month period by the total number of outstanding shares, excluding treasury shares, as of the end of the six-month
period rounded up to the 10 yen digit.
The annual dividend per share is established at the higher of the amount calculated by dividing 33% of consolidated
operating profit for the fiscal year by the total number of outstanding shares, excluding treasury shares, as of the end of thefiscal year rounded up to the 10 yen digit, or the amount calculated based on the 50% consolidated payout ratio rounded up to
the 10 yen digit.
Forecasts announced by the Company referred to above were prepared based on management's assumptions withinformation 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, dividend forecast,and other forecasts).
In addition, the number of outstanding shares used for calculating "Profit per share" is the estimated average number ofoutstanding shares for each applicable period.