"We've made some progress in profit but in many ways we didn't score perfectly," Chief Executive Satoru Iwata told reporters at a briefing in Osaka. Iwata is hoping to steer Nintendo to its first annual operating profit in four years.
"Many of Japan's manufacturing companies have significant operations outside the country and are likely to see a positive impact on earnings from the yen's weakness. Separately Wednesday, camera and office equipment maker Canon Inc also reported a profit boost helped by the yen's slide.
For Nintendo, the foreign exchange gains may ease short-term pressure to overhaul strategy.
But analysts have called on Chief Executive Satoru Iwata to shift to focus on mobile devices and to allow its games to be played on machines built by competitors. He has resisted such pressure so far, pinning hopes on making hits out of games such as "Mario Kart 8"."