Nintendo's shares were down 3.2 percent at 0930 local time (0029 GMT), underperforming the benchmark index which was down 0.8 percent.
The Kyoto-based gaming company said on Thursday it expected to shift 18 million Switch consoles and 125 million software units this financial year.
That software forecast is seen by some analysts as conservative given a games pipeline that includes two full Pokemon titles and the latest in the Luigi's Mansion and Animal Crossing series. - Reuters
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