Nintendo's nine-month profit jumps on cheap yen, game maker raises full year profit forecast

Technology Associated Press

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.

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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.