Nintendo prunes old ways, plants seeds for future growth

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Nintendo President Satoru Iwata, left, and DeNA President Isao Moriyasu announced a capital and business partnership in March.

YUKINORI HANADA, Nikkei staff writer

OSAKA -- Investors apparently see a brighter future for Nintendo, which has finally decided to try new fields and approaches to spur growth after soul searching brought on by three consecutive years of losses. 

     The video game giant's stock rose 9% to 21,610 yen ($178.76) at one point on Friday, the highest since April 2011, buoyed by its earnings for the year ended March. The company reported Thursday group operating profit of 24.7 billion yen, compared with an operating loss of 46.4 billion yen a year earlier.

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