Dow Jones Newswires: Nintendo shares jump as ‘Splatoon 3’ sells at record pace

by | Sep 12, 2022 | Stock Market

Nintendo Co.
7974,
+4.46%
shares rose sharply Tuesday morning following news that its new action-shooting game “Splatoon 3” has started selling at a record pace in Japan. The company’s shares were recently 5.1% higher at 61,990 yen ($434) after rising as much as 6.0% earlier.

Nintendo said Monday that sales of “Splatoon 3” in Japan have surpassed 3.45 million copies in the first three days since it started selling on Sept. 9, setting a record for Nintendo Switch software within the first three days. In “Splatoon 3,” players face off against each other in two teams of four players, claiming territory by covering it in ink. As a pandemic-driven gaming boom has eased, Nintendo’s revenue and operating profit for the latest quarter ended June 30 dropped from a year earlier. Nintendo in August kept its forecasts for sales of Switch software for the fiscal year ending March 2023. Nintendo projects 210.0 million Switch software sales this fiscal year.

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