Nintendo shares fall the most in over a month

Tough times: A balloon of the Mario character of “Mario Bros” during an event in Tokyo. The Japanese video game maker Nintendo says that it will make an announcement about a successor to its Switch home console sometime before March 2025. — AP

TOKYO: Shares of Nintendo Co tumbled their most in over a month after the company warned of a sharp profit fall and signalled a next-generation Switch wouldn’t arrive till 2025.

The stock fell as much as 4.9% in Tokyo after president Shuntaro Furukawa posted on X to say that while Nintendo plans to announce a successor to the seven-year-old Switch in the coming year, that won’t happen during an annual Nintendo Direct event in June.