Tokyo - Nintendo Co on Thursday reported a net profit decline of 60.6 per cent to 42.32 billion yen (447 million dollars) during the three months through June from the previous year because of the yen's rise against the dollar and falling sales. The Japanese video game creator saw its operating profit drop by 66.1 per cent 40.40 billion yen and sales fall by 40.1 per cent to 253.5 billion yen during the first quarter.
The maker of Wii and DS game consoles attributed the decline in sales to a lack of popular gaming software and said a stronger yen affected overseas sales results.
For the full year through March, Nintendo kept its earnings forecast unchanged with a net profit of 300 billion yen, an operating profit of 490 billion yen and sales of 1.8 trillion yen.
