Posted on 5/30/2002


"Nintendo Co. reported Thursday it had a record group net profit for the second year in a row for the year that ended March 31. The company credited the increase to higher overseas sales on a weaker yen and the launch of advanced game machines worldwide.

The developer of Super Mario and Pokemon said its group net profit rose 10.2 percent from a year earlier to 106.44 billion yen, or $8.6 billion, last fiscal year, on a 20 percent increase in group revenue to 554.89 billion yen, or $4.47 billion.

Group operating profit jumped 40.7 percent to 119.15 billion yen, or $961 million, partly reflecting a decline in procurement costs for key parts used in game machines, including small-sized liquid crystal displays and semiconductors."

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http://www.nandotimes.com/technology/story/418613p-3337374c.html