Alps Alpine (アルプスアルパイン; supplier of haptic actuators to Nintendo and analog sticks to all big 3) expects its gaming revenues going “slightly weaker” this fiscal year (2026-04 to 2027-03), because the sector is “plateauing” and its customers (unclear singular or plural) revised their forecasts down.
During Q&A, the often colorful Hideki Yasuda (Toyo Securities analyst) asked point-blank if this is due to the memory crunch or “one company” nearing the next gen (he probably meant Microsoft). Alp Alpine’s CFO tactfully replied that they don’t know at the present point.
Speculation: Even with an economic downturn, Nintendo should be able to sell at least the same number of NS2 this FY (12 months) as the last (10 months). So the lowered revenue projection is probably bc of the declining sales of Xbox Series and PS5.
[Originally posted on 2026-05-05 Pacific Time]
[Update on 2026-05-10, after price hike announcement] In hindsight, Alps Alpine already warned us on 04-30 that Nintendo would give a low hardware forecast for this FY, but I didn’t believe it (foolishly thought Nintendo wouldn’t raise prices until early 2027). I take the L on this one.
