Nintendo has raised their net profit forecast by a healthy 27%, and consequently the company's share value has risen too.

Japanese newspaper The Mainichi Daily News has reported that Nintendo have this morning re-assessed it's profit forecast and raised it by 27% for the financial year ending in March. Foreign-exchange gains on the currently weak yen and the high numbers of DS hardware sold are most probably the reason.

Hearing the news, Nintendo stocks rose 330 points, 1.9% on the Japanese Osaka stock exchange. Let's hope continue to remain as buoyant!