Nintendo annual profits soar 36% to $1.27b on Switch sales

Tokyo: Nintendo said Thursday its annual net profit soared 36.1 per cent, thanks to immense popularity of its Switch console. The Kyoto-based video game giant also announced it was appointing 46-year-old Shuntaro Furukawa, who currently oversees its marketing and other divisions, to be its next president.

Nintendo said its net profit for the year to March reached 139.6 billion yen (Dh512 billion, $1.27 billion), beating its own expectations after it has repeatedly raised annual targets.