Japan game maker Nintendo reports solid profit on a jump in Super Mario sales [Financial Post (Toronto, Ontario, Canada)]
NINTENDO CO LTD UNSP/ADR (NTDOY)
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Source: Financial Post
Wonder” game, prompting the Japanese video game maker to raise its full fiscal year forecasts. Kyoto-based Nintendo Co. said Tuesday that demand for what it called the first completely new Super Mario game in the series remained strong. Sales of the new Zelda game and “Pikmin 4” also surged. Article content More than 10.7 million units of the latest Super Mario game have been sold around the world since it went on sale in October, according to Nintendo. Article content It is banking on upcoming games like “Mario Vs. Donkey Kong” and “Princess Peach Showtime” to keep the sales momentum going. The weak yen also helped Nintendo's bottom line by boosting the value of its overseas revenue when converted into yen. The U.S. dollar has been trading at about 148 Japanese yen, up from 140 yen a year ago. For the first nine months of the fiscal year, Nintendo earned 408 billion yen ($2.7 billion), up nearly 18% from 346 billion yen in the same period the year before. Nine-month sal
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