Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Equity Bottom-Up

<ul>
<li>One-Off tariff refunds boosted earnings, but the underlying quarter still comfortably exceeded expectations.</li>
<li>First-Party software continues to drive Nintendo's earnings power, even for the old Switch</li>
<li>The market is focused on costs; longer-term investors should focus on the coming shift back toward higher-margin software.</li>
</ul>


One-Off tariff refunds boosted earnings, but the underlying quarter still comfortably exceeded expectations.
First-Party software continues to drive Nintendo's earnings power, even for the old Switch
The market is focused on costs; longer-term investors should focus on the coming shift back toward higher-margin software.


Nintendo

Nintendo (7974) | Profit Beat*