1 | TOKYO (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. |
2 | Quarterly 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). |
3 | The future direction of the Kyoto-based company could change, depending on who succeeds Iwata. |
4 | Earlier this year, Nintendo did an about-face and announced it would go into games for mobile devices, a move it had scoffed for years. |
5 | No successor for Iwata has been announced, and the company has said it will take its time. |
6 | Iwata, 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. |
7 | Nintendo has said star game designer Shigeru Miyamaoto will remain in the leadership team along with Genyo Takeda. |
8 | It is unclear whether one of them would be the next president. |
9 | Nintendo had reported a 9.9 billion yen loss for the first quarter of the previous fiscal year. |
10 | The manufacturer of the Wii U home console left its annual profit forecast unchanged at 35 billion yen ($283 million). |
11 | Nintendo said sales were strong for the 3DS hand-held device, as well as for its amiibo figures. |
12 | Nintendo sold 470,000 Wii U machines for the April-June period this year, down from 510,000 the same quarter the previous year. |
13 | It expects to sell 3.4 million for the year through March 2016. |
14 | Foreign exchange gains added 10.8 billion yen to operating income in the quarter, Nintendo said. |
15 | The company returned to profit in the fiscal year ended March 2015, after several years of losses. |