Belfast Telegraph

Nintendo sees a drop in profits for second year

Nintendo's annual profit has fallen for the second year in a row, hit by a price cut on its DS handheld console and the strong yen.

The Kyoto-based company behind the Super Mario franchise said its net profit for the fiscal year ending March 31 fell 66% to 77.6bn yen (£572m) from 228.6bn yen (£1.68bn) the year before. Nintendo, which does not break down quarterly numbers, said annual sales slipped 29% to 1.014trn yen (£7.48bn).