Seattle Mariners

Pokemon Go boost limited as Nintendo cuts profit forecast

"Pokemon Go" is giving only a modest boost to Japanese video game maker Nintendo, which has slashed its operating profit and sales forecasts for this fiscal year citing lagging demand for game consoles like the Wii U.

The Kyoto-based maker of Super Mario games said Wednesday that its net profit in April-September was 38.3 billion yen ($368 million), up 234 percent from the same period the year before. That was mainly due to a 62.7 billion yen ($601.7 million) gain from its sale of the Seattle Mariners Major League Baseball team.

Nintendo said it expects its net profit for the year that ends March 31, 2017, to overshoot its earlier estimate thanks to that...