Video game company Nintendo has said that it is standing by its forecasts of a full-year operating profit of 40 billion yen, its first annual profit in four years, after it beat analysts’ expectations for the three months to September. In the July-to-September quarter the company reported operating profit of 215 million yen ($2m; £1.2m) up from an 18 billion yen operating loss seen a year ago in the midst of stiff competition. The company’s net profit in the half year also rose to 14.3 billion yen, up from 600 million yen a year earlier.