The weakened Japanese yen has brought good things for the country's exporters including Nintendo who has been in need of some good news lately. The console giant earlier today reported a return to profitability with a net income of ¥7.1 billion ($71 million USD) for the twelve month period ended March 31st 2013. That's a sight better than the annual loss of ¥43 billion the company was hit with just a year earlier ($533 million USD at that time), their first ever.
The company's annual sales fell another 1.9 percent year-on-year to ¥635.4 billion ($6.4 billion USD). That said, Nintendo has definitely been encouraged as a result of the pleasant change in fortunes. The company is currently forecasting an even bigger growth in profits for the coming fiscal year ending next March 31st 2014, with net income possibly reaching ¥55 billion ($553 million USD).