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Nintendo profit expected to surge 160% after sale of Mariners

by rawmeatcowboy
23 October 2016
GN Version 5.0

- Nintendo is expected to report a 160% year-on-year increase in group net profit to around 30 billion yen ($289 million)
- this is partially thanks to the sale of a stake in the Seattle Mariners
- profit surge came even as the strong yen led to foreign currency losses of roughly 40 billion yen
- the stake was sold for $661 million, an amount nearly 10 times what Nintendo originally paid

[Link]