Pokemon Go boost limited as Nintendo cuts profit forecast

Pokemon Go boost limited as Nintendo cuts profit forecast

TOKYO (AP) — "Pokemon Go" is giving only a modest boost to Japanese video game maker Nintendo, which has slashed its operating profit and sales forecasts for this fiscal year citing lagging demand for game consoles like the Wii U.

Nintendo said it expects its net profit for the year that ends March 31, 2017, to overshoot its earlier estimate thanks to that windfall.

The company said a strengthening of the Japanese yen contributed to an operating loss of 5.9 billion yen ($57 million) in April-September, compared with an operating profit of about 9 billion yen a year earlier.