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Nintendo made money last quarter, thanks to its Seattle Mariners sale and Pokémon Go. The company’s net income was 62.8 billion yen ($603 million), compared to 3.2 billion yen the previous year. Because of the stronger yen, Nintendo lowered its operating profit for the next quarter from 45 billion yen to 30 billion yen ($288 million). 

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Originally from Texas, Ashcraft has called Osaka home since 2001. He has authored six books, including most recently, The Japanese Sake Bible.

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DISCUSSION

I’m not entirely up-to-date. Do they still have sufficient reserves to ride out some 20 years of operating at a loss? Just out of curiosity.