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

Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly 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.