Nintendo returns to profit but retains negative outlook for sales potential
APTOKYO--Japanese video game maker Nintendo Co. has returned to the black for the first nine months of the fiscal year but remains pessimistic about sales prospects.
January 31, 2013, 12:06 am TWN
The Kyoto-based maker of Super Mario and Pokemon games reported Wednesday that April-December profit totaled 14.55 billion yen (US$160 million), a reversal from the 48.35-billion-yen loss reported a year earlier.
Nine-month sales inched up 2.4 percent to 543 billion yen (US$6 billion).
But Nintendo, which didn't break down quarterly results, isn't upbeat about its sales prospects and lowered its full year sales forecast.
It's expecting to sell 4 million Wii U consoles for the fiscal year, down from its earlier estimate of 5.5 million units. The Wii U went on sale late last year.