Nintendo lifts guidance on weaker yen, sees slower console sales By Reuters

TOKYO (Reuters) – Japanese videogame maker Nintendo Co Ltd (TYO:) raised its annual profit forecast by 18% on Tuesday as a softer yen helped offset slower-than-expected Switch (NYSE:) console sales.

Nintendo, which earns about 80% of its revenues overseas, expects its net profit to come to 400 billion yen ($2.73 billion) for the year to March 2023, up from the previous forecast of 340 billion yen.

($1 = 146.7700 yen)