Home GRASP/Japan Nintendo annual profits soar 36% on Switch sales

Nintendo annual profits soar 36% on Switch sales

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Nintendo on Thursday said its annual net profit soared 36.1 percent, thanks to the immense popularity of its Switch console, and announced it was appointing a new president. Shuntaro Furukawa, 46, who currently oversees marketing and other divisions at the Kyoto-based video game giant, will succeed 68-old
Nintendo on Thursday said its annual net profit soared 36.1 percent, thanks to the immense popularity of its Switch console, and announced it was appointing a new president.
Shuntaro Furukawa, 46, who currently oversees marketing and other divisions at the Kyoto-based video game giant, will succeed 68-old-year Tatsumi Kimishima, who has headed up the firm since 2015.
Nintendo has been on a winning streak, with its Switch console flying off the shelves since its launch last year.
The company said its net profit for the year to March reached 139.6 billion yen, beating its own expectations despite repeatedly raised annual targets.

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