Strong Switch demand pushes Nintendo sales above 1 tril. yen mark

Nintendo Co. said Thursday its group sales more than doubled in the year ended March, topping 1 trillion yen ($9.1 billion) for the first time in seven years, amid continuing strong demand for the Switch game console.The Kyoto-based company also announced Managing Executive Officer Shuntaro Furukawa, 46, will succeed President Tatsumi Kimishima effective June 28, pending shareholder approval, in a move to rejuvenate its management.The company's net profit in fiscal 2017 rose 36.1 percent from a year earlier to 139.59 billion yen, while operating profit jumped six-fold to 177.56 billion yen …READ FULL ARTICLE