Nintendo issued its second quarter earnings release today, highlighting financial data from the last six months and adjusting projections for the coming six months. Nintendo suffered another operating loss last quarter, but their net profits are up thanks to the sale of the Seattle Mariners baseball team. Following these announcements, Nintendo has adjusted its previously announced financial forecast for the year.
Nintendo was previously expecting to earn an operating profit of ¥45 billion for the year and a net profit of ¥35 billion. Nintendo has now slashed their operating profit projection to ¥30 billion, but they’ve raised their expected net profits to ¥50 billion. Nintendo’s declining operating profit is attributed to a stronger-than-expected yen and declining sales. The increased net profits are a result of the sale of the Seattle Mariners.