Nintendo Supplier Withdraws Outlook Citing Chips Uncertainty

Hosiden Corp., a major assembler of Nintendo Co.’s Switch console, withdrew its fiscal year sales forecast citing difficulties procuring electronic components.

The Osaka-based company said uncertainty about its own and its clients’ ability to secure sufficient chips pushed it to retract its previous outlook in a filing to the Tokyo Stock Exchange Thursday. More than half of Hosiden’s revenue comes from its Nintendo business, according to company documents, suggesting Switch console production may be falling behind schedule.