Nintendo Expected to Reveal 100 billion Yen Loss for First Half

According to a Gamsasutra based on a translation of a Nikkei from Andriasang, Nintendo is expected to announce a ¥100 billion ($1.32 billion) pre-tax loss as part of its six months financial results. Nintendo's loss is larger than expected, according to the Japanese newspaper, because of the strength of the Yen compared to the Euro. The exchange rate equates to ¥40 billion ($526.16 million) of the total loss. The overall loss is twice as much as Nintendo had expected.

Nintendo's original estimate was a ¥55 billion ($723.47 million) loss for the fiscal first half. This compares to a net loss of ¥25.5 billion ($324.1 million) that Nintendo previously reported for the fiscal quarter that ended on June 30. That puts the company at a ¥74.5 billion ($979.97 million) loss in the last quarter.

Nintendo's current guidance projects revenues of ¥175 billion ($2.3 billion) for the quarter ending September 30, versus an analyst predictions of around ¥146 billion yen ($1.91 billion).