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Nintendo Q1 net profit jumps 28% thanks to weak yen

 Nintendo Q1 net profit jumps 28% thanks to weak yen

Photo: Pixabay

Tokyo – Nintendo on Tuesday posted a net profit of 118.9 billion yen ($893 million) for the three months to June, up 28 percent on-year as a weak yen boosted the gaming giant’s bottom line.

The company left its forecast for the year to March 2023 unchanged, and is still expecting to report a 340-billion-yen net profit on sales of 1.6 trillion yen.