Nintendo reports profit but no word on new president

TOKYO (AP) — Nintendo posted an 8.28 billion yen ($67 million) profit for the fiscal first quarter, helped by better sales and a cheap yen, but did not announce a new president to lead the company after the death this month of Satoru Iwata.

Quarterly sales at Nintendo Co., the Japanese video-game maker of the Super Mario and Pokemon franchises, rose 20 percent to 90.2 billion yen ($729 million).

The future direction of the Kyoto-based company could change, depending on who succeeds Iwata. Earlier this year, Nintendo did an about-face and announced it would go into games for mobile devices, a move it had scoffed for years.

No successor for Iwata has been announced, and the company has said it will take its time.