Wasn't it reported back in August of 2021 that PS5 was no longer selling at a loss?

Yes, but the yen devalued massively since then (~ 35%).

I'm probably wrong, but I thought they purchased all parts through longterm contract bids that locked in set pricing years ago.  

Edit: I didn't think they paid one price for a chip one month and then another price for the same chip a different month. Or for any of the parts.  And with the price increases everywhere else it should offset any loss that may have occurred in Japan.  I think averaged out, they are likely still ahead.

International contracts are signed in US dollars and the Japanese end consumers aren't paying them in dollars. That's the problem here.

Sorry, I edited a little more.  I believe price increases everywhere else may have leveraged those potential losses and still averaged net gains.

Less than 10% of Switches sold this week were the base model, and less than 20% of PS5s were the digital edition.
Astro Bot at least showing a good hold percentage wise.

Astro's hold (and the game running out of stock at multiple retailers) points to a strong week 1 digital ratio, so likely a bigger drop than 30% with digital factored in. Don't hold your breath for decent legs.

RIP PS5, Japan hardly knew ye.

@PS5

This is just a correction for the years that were abnormally high due to the currency. Things will now level out. 

Switch was also abnormally high, and should have also had a price increase, but instead stays the same price for an effective price cut.

I believe it will still end up at over 9m. It could gradually return to 20k or still sell 1m a year. The people who want a PS5 will eventually get one. They will just wait for the holidays discount. I think Japan are just shocked at the sudden price increase

Astro Bot had a very gentle drop. Looks like it will be hanging out in the top 10 for a little while (assuming that continues). Switch passes 2M YTD!