Nintendo Raises FY Earnings Forecasts After Profit Climbs -- Update

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By Kosaku Narioka Nintendo raised its fiscal-year earnings forecasts after reporting a rise in first-half net profit thanks to the success of a Super Mario...

Nintendo raised its fiscal-year earnings forecasts after reporting a rise in first-half net profit thanks to the success of a Super Mario film, and stronger Switch console and software sales.

Nintendo raised its forecast for Switch software sales for the fiscal year ending March 2024, while maintaining its expectation for console sales. Nintendo's first-half revenue increased 21% from a year earlier to Y796.24 billion thanks to greater sales of consoles and software, a weaker yen and the success of"The Super Mario Bros. Movie," the company said.

 

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