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Technology

Nintendo trims annual profit outlook on firmer yen

Published February 7, 2023 Updated February 7, 2023 11:56am
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Photo: REUTERS
Photo: REUTERS
By Reuters
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TOKYO: Japanese videogame maker Nintendo Co Ltd lowered by 4%on Tuesday its forecast for full-year operating profit, because of a firmer yen currency.

It now expects total operating profit of 480 billion yen ($3.6 billion) for the year to March 31, down from the previous forecast of 500 billion.

Sony hikes net profit forecast as weak yen boosts gaming

The latest outlook is lower than an average estimate of a profit of 582 billion yen from 21 analysts, according to Refinitiv data.

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