Nintendo’s nine-month profit jumps on cheap yen
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Attendees played video games on the Nintendo 3DS at the Nintendo Wii U software showcase during the E3 game show in Los Angeles on June 11
TOKYO >> Nintendo reported a five-fold increase in profit for the first three quarters of the fiscal year and raised its earnings forecast, boosted by a cheap yen.
Nintendo Co., the Japanese manufacturer of Pokemon and Super Mario video games, said Wednesday profit for the nine months ended December 2014, totaled $504 million up from $86 million a year earlier.
It did not break down quarterly numbers.
The Kyoto-based company, which also makes Wii U and 3DS machines, raised its profit forecast for the year ending March 2015 to $254 million from $169 million.
It had a loss of 23.2 billion yen the previous fiscal year.
