Nintendo reports profit but no word on new president

1TOKYO (AP) - Nintendo posted an 8.28 billion yen ($67 million) profit for the fiscal first quarter, helped by better sales and a cheap yen, but did not announce a new president to lead the company after the death this month of Satoru Iwata.
2Quarterly sales at Nintendo Co., the Japanese video-game maker of the Super Mario and Pokemon franchises, rose 20 percent to 90.2 billion yen ($729 million).
3The future direction of the Kyoto-based company could change, depending on who succeeds Iwata.
4Earlier this year, Nintendo did an about-face and announced it would go into games for mobile devices, a move it had scoffed for years.
5No successor for Iwata has been announced, and the company has said it will take its time.
6Iwata, president from 2002, was a highly visible spokesman for Nintendo, and many in the game industry mourned the 55-year-old's death, which followed a long illness.
7Nintendo has said star game designer Shigeru Miyamaoto will remain in the leadership team along with Genyo Takeda.
8It is unclear whether one of them would be the next president.
9Nintendo had reported a 9.9 billion yen loss for the first quarter of the previous fiscal year.
10The manufacturer of the Wii U home console left its annual profit forecast unchanged at 35 billion yen ($283 million).
11Nintendo said sales were strong for the 3DS hand-held device, as well as for its amiibo figures.
12Nintendo sold 470,000 Wii U machines for the April-June period this year, down from 510,000 the same quarter the previous year.
13It expects to sell 3.4 million for the year through March 2016.
14Foreign exchange gains added 10.8 billion yen to operating income in the quarter, Nintendo said.
15The company returned to profit in the fiscal year ended March 2015, after several years of losses.