10:01
Nintendo, Covid effect: jump in sales (+ 73.3%) and + 243.6% net profit to 213.1 billion yen
The Japanese video game multinational Nintendo closed the first half of the 2020-2021 financial year with an annual increase of 73.3% in sales to 769.5 billion yen (6.3 billion euros), while the net profit is increased by 243.6% to 213.1 billion yen (1.73 billion euros. After all, the video game industry has benefited from the restrictive anti-Covid-19 measures that have forced people to stay in Nintendo’s results were driven by sales of the Switch console and popular games like ‘Animal Crossing’, released in March, of which over 26 million copies were sold. The Kyoto group has revised its targets upwards for the current year, with an expected net profit of 300 billion yen (the previous forecast was 200 billion) and an operating profit of 450 billion yen (previous target: 300 billion).
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