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Nintendo expected to post huge loss this week

Reports today suggest that Nintendo is expected to post a pre-tax loss of 100 billion yen (£823 million) tomorrow.

According to Reuters, which quotes Japanese business publication Nikkei,  the company had incurred 40 billion yen in foreign exchange losses, mostly against the euro , and would likely also post a first half net loss greater than the 35 billion yen it has projected.

There are of course quite a few factors involved here, such as the less than stellar acceptance of the 3DS amongst consumers and also the other issues within Japan which have seen many Japanese firms also facing a massive hit from the strong yen.

A spokesman for Nintendo declined to comment on the report. The company is due to announce its July-September earnings on Thursday.


Edited On 26 Oct, 2011

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