TOKYO – Japanese video game maker Nintendo Co. has slashed its operating profit and sales forecasts for this fiscal year, despite the global success of "Pokemon Go."
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The maker of Super Mario games and the Wii U console said Wednesday that it booked a 62.7 billion yen ($601.7 million) gain in April-September from its sale of the Seattle Mariners Major League Baseball team.
That helped push its net profit in the half-year to 38.3 billion yen ($368 million), up 234 percent from the same period the year before. But the company booked an operating loss of 5.95 billion yen ($57.1 million), compared with an operating profit of about 9 billion yen a year earlier.
Nintendo cut its full-year operating profit forecast to 30 billion yen ($288 million) from 45 billion yen.