The Japanese company reduced its forecast Thursday for sales of its popular Switch console by about 6%. It now expects to sell 24 million units by the end of the fiscal year, which concludes next March, down from a previous projection of 25.5 million units.
The company held its overall forecast for net sales but raised its guidance for profits. It now projects a slight jump in operating profit to 520 billion yen (approximately $4.6 billion), as well as an increase in its dividend by 60 yen (53 cents).
That came despite a dreary report card for the six months ended September.
Sales fell about 19% to 624.2 billion yen ($5.5 billion) compared with the same period the previous year. Profits slumped almost 25% to 219.9 billion yen ($1.9 billion).
The company said that sales of its gaming platforms fell nearly 20% compared to last year “when ‘Animal Crossing: New Horizons’ drove the entire Nintendo Switch business significantly.”
Nintendo shares closed down 1.7% in Tokyo on Thursday, before earnings were released.