"If you take a look at how PlayStation and PlayStation 2 have taken off, this is not such an unusual start," Chubachi said. Chubachi said the company was on Track to hit its target of a 5 percent operating profit margin for the year to March 2008, and its electronics division will likely exceed the 4 percent target.
The margin targets, set in 2005, have been considered as the most visible indicator of success for turnaround efforts by Chief Executive Howard Stringer and Chubachi.
In a sign of lack of confidence on the side of investors, however, Sony, which has sales eight times as big as Nintendo, was overtaken by the Kyoto-based company last week in market capitalization and bumped off the list of Japan's 10 most valuable companies.
Source: Reuters