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