HONG KONG – Japanese video game maker Nintendo delivered a surprise profit in the first half of its financial year, surprising markets which had forecast a loss.
It was boosted by strong sales in Japan of “Super Smash Bros. for Nintendo 3DS,” and by a weakening Japanese currency which lifted overseas earnings.
April to September sales dropped by 13% to JPY171 trillion ($1.58 billion), but Nintendo managed a net profit of JPY14.3 billion ($132 million) for the first six months of the year. That compared with net profits of just JPY600 million ($5.56 million) in the same period last year.
The company maintained its forecast of a full year net profit of JPY40 billion ($371 million, compared with last year’s loss of JPY46.4 billion ($430 million).
Sales of its Wii U console more than doubled to 1.12 million units in the last quarter, boosted by the “Mario Kart 8” game released in May.