Nintendo cut its operating profit forecast for the year to March 2025 by 10% to 360 billion yen ($2.36 billion) on Tuesday, as sales of its ageing Switch console lost steam.

Nintendo Co. forecast a bigger profit decline for the full year after reporting its fifth straight quarterly profit decline on slowing demand for its aging Switch console.

Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60 per cent in the first half of the fiscal year.