Nintendo halves operating profit view on slack 3DS sales; weak yen lifts net profit

TOKYO/OSAKA (Reuters) - Struggling Japanese video game maker Nintendo Co warned it won't make its annual operating profit target due to slack sales of its 3DS handheld game consoles, though the yen's current weakness means overseas sales will boost net profit. Reporting a return to profit in the nine months ended December, Osaka-based Nintendo on Wednesday halved its operating earnings target for the fiscal year through March to 20 billion yen ($169.46 million) from 40 billion yen. The weaker yen means sales in the United States and Europe are now worth significantly more when translated into the Japanese currency.



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