TOKYO -- Nintendo on Thursday said it expected record net profit for the year ending March 2021 on the back of a surge in demand for its popular Switch gaming console and smash-hit title Animal Crossing: New Horizons as the coronavirus pandemic kept people at home.
After posting record profits in the first six months of the year, the Japanese gaming giant revised upward its earnings target for the full year. It expects net profit to surpass the record set in 2009, jumping 16% to 300 billion yen ($2.8 billion) from a year ago. It also expects revenue to rise 7% to 1.4 trillion yen and operating profit to increase 27% to 450 billion yen from a year earlier.
