Japan’s Nintendo says Apr-Dec net profit surges six-fold to US$504mil

HOPE SPRINGS ETERNAL: The relatively upbeat results come as Nintendo, which makes the Wii U console and 3DS gaming system, looks to move past three straight years of operating losses, underscoring the challenges faced by the one-time industry titan.

TOKYO: Japanese videogame giant Nintendo said its April-December net profit soared six-fold to US$504mil (RM1.82bil) as a sharply weaker yen boosted its bottom line and helped offset slowing sales of its 3DS system. 

For the fiscal year to March 31, the Kyoto-based company also raised its annual net profit forecast to 30bil yen (RM919.92mil), from an earlier 20bil yen (RM612.23mil) estimate, but the Super Mario creator trimmed its full-year sales and operating profit forecasts.