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Japan-Update

Switch powers up Nintendo's full-year outlook

Second-half view clouded only by trouble keeping up with ravenous demand

Nintendo is focused on ensuring stores have enough Switch consoles during the year-end shopping season, President Tatsumi Kimishima says.

OSAKA -- Nintendo upgraded its full-year profit projection by 55 billion yen ($486 million) Monday, putting up an ambitious sales outlook for the hard-to-find Nintendo Switch console that will see it scramble to keep factories supplied.

Once beaten down by the rise of mobile games, the Kyoto-based company now expects to quadruple its group operating profit to 120 billion yen for the financial year ending March 2018. It sees sales reaching 960 billion yen, up 210 billion yen from the previous guidance.

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