Nintendo Posts 55 Pct Drop in Quarterly Net Profit
Kyoto, Aug. 2 (Jiji Press)--Nintendo Co. said Friday that its consolidated net profit dropped 55.3 pct to 80.9 billion yen in the fiscal first quarter ended in June from a year before due mainly to sluggish sales of video game consoles.
The Japanese company was also squeezed by growing research and development expenses and a weak yen that pushed up foreign currency-denominated costs when converted into the Japanese currency.
(2024/08/02-20:18)
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