Yen fall returns Nintendo to profit in fiscal 1Q

Japan video-game maker Nintendo back in quarterly profit, mostly because of cheap yen

Associated Press

TOKYO (AP) -- Nintendo reported an 8.6 billion yen ($88 million) profit for the fiscal first quarter in a reversal from losses the previous year, thanks to a cheaper yen.

Nintendo Co., the Japanese maker of Super Mario games and the Wii U machine, reported a 17.2 billion yen loss in the same quarter a year earlier, partly because of an unfavorable exchange rate.

Kyoto-based Nintendo got a nearly 17 billion yen ($173 million) gain from the yen's decline against the dollar and the euro for the April-June period.

A cheap yen is a boon for Japanese exporters such as Nintendo.

Video games have been hurt by the popularity of smartphones and other devices that also deliver online entertainment. Wii U sales have fallen short of company forecasts.

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