Sales are up but profits are down in latest Nintendo financials
Nintendo has posted new financials for the six-month period ending September 30, and it's a mixed-bag for the Kyoto-based company, which recently appointed Tatsumi Kimishima as its CEO following the passing of Satoru Iwata.
The results show that although net sales rose by 19.1 percent from the same time last year, increasing to 204.2 billion yen ($1.69 billion) from 171.4 billion yen ($1.43 billion), profits actually took a hit, dropping by 19.8 percent from 14.3 billion yen ($118 million) to 11.5 billion ($95 million) year-over-year.
Looking ahead to the end of the fiscal year, which draws to a close on March 31, 2016, Nintendo's financial forecast shows that the comp…