Pokemon Go boost limited as Nintendo cuts profit forecast

TOKYO – Japanese video game maker Nintendo Co. has slashed its operating profit and sales forecasts for this fiscal year, despite the global success of “Pokemon Go.”

The maker of Super Mario games and the Wii U console said Wednesday that it booked a 62.7 billion yen ($601.7 million) gain in April-September from its sale of the Seattle Mariners Major League Baseball team.

That helped push its net profit in the half-year to 38.3 billion yen ($368 million), up 234 per cent from the same period the year before. But the company booked an operating loss of 5.95 billion yen ($57.1 million), compared with an operating profit of about 9 billion yen a year earlier.

Nintendo cut its full-year operating profit forecast to 30 billion yen ($288 million) from 45 billion yen.