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Nintendo said Friday that first-quarter net profit more than halved as sales for the seven-year-old Switch slowed down and fans keenly awaited news on the hit console's successor.

The Japanese video game giant left its downbeat annual net profit forecast unchanged, even as the relative weakness of the yen continues to boost its earnings.

"During the first quarter of the previous fiscal year, unit sales of both hardware and software were extremely high for a first quarter," Nintendo said.

A year ago, the huge success of the "Super Mario Bros" film and the release of "Legend of Zelda: Tears of the Kingdom"—the fastest-selling game in the history of the nearly four-decade old Zelda franchise—helped energize business.

But "there were no such special factors in the first quarter of this fiscal year, and with Nintendo Switch now in its eighth year since launch, unit sales of both hardware and software decreased significantly year-on-year".

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