Nintendo’s annual profit surged 52% in the last fiscal year, lifted by solid sales of its Switch 2 machines and software, the company announced Friday.

The Japanese video-game company behind the Super Mario and Pokemon franchises also announced it was raising prices , citing challenging business conditions.

It recorded a 424 billion yen ($2.7 billion) net profit for the fiscal year that ended in March, up from nearly 279 billion yen the year before.

The Japanese video-game company behind the Super Mario and Pokemon franchises announced it was raising prices, citing challenging business conditions.…