Nintendo's President Shuntaro Furukawa said on Thursday that if additional tariffs are imposed and prices of its goods need to be adjusted, demand in the U.S. may decrease, Reuters reported. Duties could hit profit to the tune of tens of billions of yen, Furukawa added, according to the report.
Serkan Toto, CEO of Tokyo-based games consultancy Kantan Games, said Nintendo's forecasts are typically conservative.
"Nintendo loves lowballing their forecasts, and the current climate around tariffs gives them all the reason to be more cautious than ever," Toto told CNBC.