Nintendo raises outlook, game sales target for the year

Nintendo said it now expects operating income of 500 billion yen, up from 450 billion yen previously. — Bloomberg

Tokyo: Nintendo Co raised its annual profit forecast though the outlook fell short of projections, reflecting uncertainty around game spending and a volatile yen.

The Kyoto-based entertainment company said it now expects operating income of 500 billion yen, up from 450 billion yen previously. It based its new guidance on a weaker yen value than previously, though it fell short of average analyst expectations of 529 billion yen.