Nintendo Co. on Tuesday lowered its net profit forecast for the fiscal year ending March to 270 billion yen ($1.7 billion) from its earlier projection of 300 billion yen, amid sluggish sales of its Switch consoles.

The Japanese gaming company now forecasts sales of 1.19 trillion yen, down from its previous estimate of 1.28 trillion yen.

For the nine months ended December, net profit dropped 41.9 percent from a year earlier to 237.19 billion yen, while sales fell 31.4 percent to 956.22 billion yen.

==Kyodo

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