Video games giant Nintendo has seen its annual profits slump by 66%, hurt by a strong yen and a drop in sales.
Net profit for the year to the end of March came in at 77.6bn yen ($945m; £570m), compared with 228.6bn yen the previous year, its results showed.
The company said that while it had not suffered any direct damage from last month’s earthquake, it expected it to weigh on consumer spending in Japan.
Nintendo also announced that it will release a successor to the Wii in 2012.
Net sales fell 29% to 1.014 trillion yen.
Nintendo also faces a growing challenge from smartphones and tablets. In a bid to fight back, it launched the 3DS, a handheld console that provides a 3D experience for users without the need to wear special glasses.
The company said the device, which launched in February in Japan and in March in the US, Europe and Australia, had a “smooth start in sales”, which totalled 3.61 million worldwide.
In a separate statement, Nintendo said it had decided to launch a system to succeed the Wii next year.
It will give a demonstration of the new model at the E3 Expo in Los Angeles in June.
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Nintendo annual profits slump 66%