TOKYO (AP) - Nintendo's president refused to resign or cut product prices despite the company's dismal earnings but says the Kyoto-based video game maker plans to enter the health care industry.

TOKYO (AP) Nintendo's president refused to resign or cut product prices despite the company's dismal earnings but says the Kyoto-based video game maker plans to enter the health care industry.

Nintendo Co. President Satoru Iwata didn't give details of what he called his "quality of life" business plans, except that it won't be a wearable device. Nintendo already offers fitness games.

He was speaking Thursday at an event for analysts and reporters, a day after Iwata and other top executives took a pay cut for the poor performance.

The maker of Super Mario and Pokemon video games reported Wednesday a 10.2 billion yen ($99 million) profit for April through December, down from 14.55 billion yen a year earlier as sales of Wii U home consoles and 3DS hand-held devices languished.