Legendary company: A player works on assembling a Nintendo Labo Toy-Con fishing rod kit for the Nintendo Switch gaming system. Nintendo forecast 20 million Switch shipments for the year.
TOKYO: Nintendo Co appointed Shuntaro Furukawa, a relatively young and unknown senior executive as its new president, after reporting that profits are on track to be the highest since 2010 after a year of solid Switch gaming machine sales.
He’ll replace Tatsumi Kimishima, a former banker who last year oversaw the debut of the new console, the Kyoto-based company’s biggest bet in years. For the fiscal year through next March, Nintendo forecast profit of 225 billion yen (US$2.1bil).
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