Japanese video game giant Nintendo said Wednesday it swung to a $67 million net profit in the three months to June, owing to a jump in console sales and a weaker yen.
Sony on Wednesday chopped its loss forecast for the just-ended fiscal year owing to a pick up in sales and falling costs in its home entertainment business.
Sony Corp. trimmed its forecast of losses and gave a figure for damages from the Sony Pictures hack, but said it would suffer no significant harm from the cyberattack in the long run.
Japanese information technology firm NEC said Thursday it swung back to profit in the nine months to December, after exiting the smartphone market as part of a broader restructuring.
Nintendo reported a nearly six-fold increase in profit for the first three quarters of the fiscal year Wednesday and raised its earnings forecast as a cheap yen masked weak sales.
Sony's losses ballooned to 136 billion yen ($1.2 billion) last quarter as the Japanese electronics and entertainment company's troubled mobile phone division reported huge red ink.
Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.
Sony Corp. sank to a 138 billion yen ($1.3 billion) quarterly loss, hit by costs from selling its personal computer business, and is forecasting more red ink as it struggles to execute a long-promised turnaround.
Nintendo Co. sank to a loss for the fiscal year ended March as sales of its Wii U game machine continued to lag, but the Japanese manufacturer of Pokemon and Super Mario games promised Wednesday to return to profit this year.
Japan's Fujitsu said Wednesday it swung back into the black, posting an annual net profit after aggressive cost-cutting and stronger demand at home for its computer offerings.