By Kosaku NariokaNintendo shares rose sharply after it raised its fiscal-year earnings forecasts and announced that it would develop a live-action film of the popular game "The Legend of Zelda." The company's shares were recently 5.6% higher at 6,741 yen after rising as much as 6.6% earlier Wednesday morning. The Japanese videogame company said Tuesday after market close that net profit climbed 18% from a year earlier to 271.30 billion yen ($1.80 billion) for the six months ended Sept. 30. The company also said Wednesday that it would produce the live-action movie of "The Legend of Zelda," together with Arad Productions, led by film producer Avi Arad. Write to Kosaku Narioka at kosaku.narioka@wsj.com(END) Dow Jones NewswiresNovember 07, 2023 21:13 ET (02:13 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal November 08, 2023 14:21 UTC