Nintendo shrugs off slowdown, annual profit rises 8.5%

Nintendo shrugs off slowdown, annual profit rises 8.5%
AP
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First Published: Thu, May 07 2009. 11 30 AM IST
Updated: Thu, May 07 2009. 11 30 AM IST
Tokyo: Nintendo Co. reported an 8.5% rise in annual profit as the video game maker shrugged off the global slowdown that has battered other Japanese manufacturers.
Nintendo, which did not break down quarterly numbers, racked up a record ¥279.09 billion profit for the fiscal year ended 31 March, up from ¥257.34 billion the previous year.
Fiscal year sales edged up 9.9% to ¥1.839 trillion from ¥1.672 trillion, with overseas sales accounting for 87.5%, the Kyoto-based maker of Pokemon and Super Mario games said in a statement on Thursday.
Nintendo’s Wii home console and DS portable have been selling well around the world.
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First Published: Thu, May 07 2009. 11 30 AM IST