Nintendo Profits Up 72%

Nintendo said it expects operating profits to jump more than 40 percent this fiscal year as it launches its GameCube console September 14 in Japan and November 5 in the United States. Nintendo earned 96.6 billion yen ($806 million) in the year ended March 31, up from 56.1 billion yen the previous year. Revenue fell 13 percent to 462.5 billion yen ($3.9 billion) from 530.7 billion yen a year ago.