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Media & Entertainment

Nintendo raises profit forecast after Splatoon 3 boost

Japanese gaming company achieves record first half after foreign exchange gains

Nintendo has been wrestling with a shortage of semiconductors that has made it difficult to keep up with demand for its Switch gaming console. (Nikkei montage/Kento Hirashima/Ken Kobayashi)

TOKYO/OSAKA -- Nintendo has raised its full-year earnings outlook after a record first half spurred by strong sales of its Splatoon 3 video game and a boost to foreign earnings from the weaker yen.

The Japanese gaming company said net income for the April-September period reached 230 billion yen ($1.57 billion), rising 34.1% from the same period last year. Sales reached almost 657 billion yen, up 5.2% from the same period in the 2021 fiscal year.

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