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Nintendo expected to announce greater loss than forecast for first half of year

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Nintendo will announce its earnings on Thursday for the first half of the fiscal year ending in March -- and the Nikkei business daily reports the House of Mario won't deliver happy news. Nikkei (via Reuters) expects the company to announce a recurring loss of ¥100 billion ($1.32B), a greater loss than the predicted ¥55 billion ($725M). Nikkei estimates Nintendo's full-year operating profit will be ¥35 billion ($461M) come March.

In Nintendo's revised earnings forecast for the year, announced back in July, the company dropped its estimated profit by 82 percent to ¥20 billion ($257M), from the ¥110 billion ($1.41B) it originally intended to earn.

At the time, the company stated the new projection was to reflect "trends of stronger-than-expected yen appreciation and sales performance, the decided price reduction of the Nintendo 3DS hardware, and the sales outlook for the holiday season."