31, a better-than-expected October-December profit of 64.7 billion yen ($569 million), up from 29.1 billion yen in the same period of 2015. Nintendo, which makes Super Mario games and will start selling the Switch console March 3, reported Tuesday, Jan. Nintendo is reporting third quarter profit more than doubled from a year earlier on healthy sales of Pokemon game software. President Tatsumi Kimishima speaks during a presentation event of the new Nintendo Switch in Tokyo.
13, 2017 file photo, Japanese video game maker Nintendo Co. Although new machines tend to sell briskly at first, it's difficult to maintain sales momentum. Nintendo has a lot riding on the Switch, the new game system that combines a portable hand-held device with a dock to use at home, and comes with detachable controllers. Nintendo's bottom line also was helped by a relatively weak yen, which lifts the overseas revenue for Japanese companies like Nintendo that do much of their business abroad. Nintendo's quarterly sales slipped 21 percent to 174.3 billion yen ($1.5 billion). It kept its sales forecast unchanged at 470 billion yen ($4.1 billion).
That would mark a more than five-fold increase from what it earned the previous fiscal year.
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Kyoto-based Nintendo raised its full year profit forecast to 90 billion yen ($792 million) from an earlier 50 billion yen ($440 million). Nintendo, which makes Super Mario games and will start selling the Switch console March 3, reported a better-than-expected October-December profit of 64.7 billion yen ($569 million), up from 29.1 billion yen in the same period of 2015.