A strong dividend forecast sees shares rise 6%, despite a gloomy profit outlook...

Nintendo's share price closed up on Friday following Satoru Iwata's investor address, despite yesterday's grim earnings report.

Shares in Nintendo Co Ltd stood at �11,780 at the end of the day - up 6 percent, compared with a 1.4 percent rise in the Nikkei average. The share price was buoyed by Nintendo maintaining its dividend forecast of �100 per share.

Analysts also say Nintendo helped itself by confirming a micro-transaction system for developers on 3DS. Takeshi Koyama of Mizuho Securities said:

"It was mildly positive that they maintained their dividend forecast. There were no big surprises at the investor conference, but at least they have concrete plans for microtransactions."

The DLC model is set to be available for third party publishers and developers early next year.

The investor meeting came after Nintendo revised its full-year forecast down to a �20 billion net loss.