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LOS ANGELES: Nintendo Co. executive Reggie Fils-Aime is fighting back against the view that the game maker is running out of surprises, a sentiment that has fueled the company’s worst stock rout in almost three years.
TOKYO: The head of Nintendo said Wednesday he would slash his salary in half after announcing a 30% dive in nine-month profit on weak demand for its new Wii U console as gamers are enticed by cheap, downloadable games for mobiles.
Shares in Nintendo Co Ltd jumped as much as 6% to a 2½ year high on Wednesday after China temporarily lifted a 14-year-old ban on selling video game consoles.
TOKYO: Super Mario creator Nintendo Co Ltd forecast a return to the black after two years of losses and camera maker Canon Inc raised its profit forecast by nearly 10% as a weaker yen, spurred by aggressive deflationfighting policies, bolstered the outlook of Japan’s tech companies.
OSAKA: Japan’s Nintendo Co Ltd said on Thursday it expects operating profit to jump 121% in the year through March 2018, bolstered by strong demand for its new Switch console.
TOKYO: Nintendo Co president Tatsumi Kimishima resorted to vague hints to assure investors the company’s March mobile gaming debut is worth waiting for, even as a 36% plunge in quarterly earnings highlighted a downward spiral in sales of Wii U and 3DS players.