TOKYO -- Nintendo on Tuesday upwardly revised its full-year profit forecast for the second consecutive quarter, thanks to solid sales of the Switch gaming console and the weak yen.
The Kyoto-based gaming company revised its net profit forecast to 440 billion yen ($2.97 billion) for the fiscal year ending March 2024, up from its previous forecast of 420 billion yen. Nintendo posted a net profit of 408 billion yen for the April-December period, up 17.9% from the previous year. It also raised its sales target for the Switch by 500,000 units.
