Nintendo wouldn't say what the "market conditions" were, but likely reference President Trump's tariffs, which are increasing costs for U.S. consumers.

Nintendo’s financial year is off to a bumper start thanks to explosive sales of its Switch 2 console. Following its launch in June, the Switch 2 console has now sold 5.82 million units according to Nintendo’s Q1 earnings report, more than double the 2.7 million unit sales achieved by the original Switch in its first month.