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.
Continue Reading Below
Nintendo Co., the Japanese manufacturer of Pokemon and Super Mario video games, said Wednesday profit for the nine months ended December 2014, totaled 59.52 billion yen ($551 million), up from 10.19 billion yen 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 30 billion yen ($278 million) from 20 billion yen ($185 million).
It had a loss of 23.2 billion yen the previous fiscal year.