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Nintendo net income up 9.4 per cent

Despite gain the company downgrades end of year income forecast by 16 per cent

Nintendo has reported that its net income has grown 9.4 per cent year on year, for the six months ended September 30.

The videogame giant recorded a net income of JPY 144.8 billion, up from JPY 132.4 billion at the same time last year, and saw its net income per share climb from JPY 1,035 last year to JPY 1,132.

However, the company did revise its forecast for its end of year net income down by 16 per cent. Nintendo had previously estimated the net income to be JPY 410 billion but have now placed the figure at JPY 345 billion.

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James Lee