Nintendo returns to profit on forex gains, rising software sales
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TOKYO  - Nintendo, the world&#39;s largest maker of portable game consoles, said it returned to profitability in the first half after booking large foreign exchange gains.
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Japanese stocks rebounded on Thursday  from a three-week low as beaten-down technology stocks were  buoyed by gains in their U.S. peers and as the yen resumed its  slide against the dollar, boosting shares of major exporters.
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Japanese video game maker Nintendo Co. Ltd. reported a 39.1 percent rise in operating profit for the first half on Thursday and raised its sales target for a new, keenly awaited portable game player.
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A recovery in electronics sales offset losses in video games and helped boost Sony's profit for the July-to-September quarter more than 40-fold over the same period a year ago.
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Japanese giant electronics maker Toshiba said it returned to the black with a 8.4 billion yen (79 million dollars) net profit in the first half and upgraded its full-year forecast despite global uncertainty.
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Nintendo Co. Ltd. 7974.OS on Tuesday   raised its annual net income forecast for 2006/07 by 20.5   percent, citing strong sales of its Nintendo DS video game   console and titles as well as a weaker-than-expected yen.
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Video game retailer posts strong results leading into holiday quarter.
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Nintendo Co. Ltd. posted a 19  percent fall in annual operating profit on Thursday, hit by  slow demand for its GameCube and Game Boy Advance machines and  their software, and it forecast a weaker-than-expected recovery  this year. Its shares fell more than 8 percent.
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Nintendo Co. Ltd. (7974.OS) sold  600,000 units of its new Wii video game console in the first  eight days after its release in the Americas, as the company  vies with rivals Sony Corp. (6758.T) and Microsoft Corp.   for gamers' hearts and wallets.
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Nintendo says it has sold more than 600,000 of its new Wii consoles, since its launch eight days ago in the US.
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Japanese games giant Nintendo has raised it financial outlook for the fiscal year, after robust sales of its hand-held game machine.
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KYOTO, Japan  - Japanese video game maker Nintendo  Co. Ltd.  said on Tuesday it is possible the company  will beat its own earnings forecast for the current business  year, helped by continued robust sales of its DS handheld  games. DS sales for the year to the end of next March may  exceed its official forecast of 20 million units, Nintendo  President Satoru Iwata told Reuters in an interview.
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Nintendo Co. Ltd.  sold  600,000 units of its new Wii video game console in the first  eight days after its release in the Americas, as the company  vies with rivals Sony Corp.  and Microsoft Corp.   for gamers' hearts and wallets.
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The dollar pared earlier gains versus the yen on Monday as traders took profits following the US currency&#39;s advance last week on positive jobs news that raised prospects for an interest rate rise later this month.
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Nintendo Co. returned to profit in the first half of the fiscal year from the same period a year ago as the Japanese video-game maker erased foreign exchange losses and earned more from game sales.
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Shares of the leading video game software publishers traded higher Friday despite mixed November sales. US sales of console games -- those made for Sony&#39;s (SNE:NYSE - news - research) PlayStation 2, Microsoft&#39;s
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Japanese stocks rebounded on Thursday from a three-week low as beaten-down technology stocks were buoyed by gains in their U.S. peers and as the yen resumed its slide against the dollar, boosting shares of major exporters.