• Kyodo


Nintendo Co. said Wednesday its group net profit fell 60.6 percent in the 2015 business year ended last month to ¥16.51 billion ($139.5 million), bruised by the yen’s appreciation against major currencies and languid portable game sales.

With nearly three-quarters of the video game maker’s sales coming from overseas markets, the strong yen saw the company take an ¥18.36 billion hit in foreign exchange losses, denting its net profit figure.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.