Nintendo powers up with unexpected profit
Struggling Japanese video game giant Nintendo has surprised analysts after posting a small return to profit over the second quarter, breaking a four year straight losing streak.
Investors were cheered when the Mario maker reported a modest 215m Yen (£1.2m) profit for the three months to September, overturning expectations of a significant loss.
This was brought about largely on the back of a weaker Yen, which artificially inflated the value of profits generated overseas.
Despite the improved bank balance Nintendo is still facing a period of turbulence however as it battles to find new revenue streams to offset disappointing sales of its flagship Wii U console and slowing uptake of its Super Smash Bros and Mario Kart 8 titles.
For the year as a whole Nintendo still expects to rake in 40bn Yen (£229m).