Nintendo reports $25m loss
Tokyo - Japanese videogame giant Nintendo said on Thursday it suffered a net loss of $25m for the six months to September, hit by a strong yen and a fall in sales of game consoles and software.
Nintendo's group net loss came to ¥2bn, reversing a net profit of ¥69.5bn a year earlier.
Group operating profit tumbled 48% to ¥54.2bn, and sales fell 33.7% to ¥363.2bn.
Nintendo plunged into the red as global hardware sales of its DS handheld game console tumbled 43% to 6.69 million units. Worldwide sales of DS software fell 23% to 54.84 million units.
The disappointing figures came despite Nintendo scoring a huge success with new Pocket Monsters software for the DS in Japan in September.
"In the United States and Europe, however, this software has not been released yet and there were few hit titles that could lead hardware sales strongly," the Kyoto-based company said in a statement.
Global sales of the Wii console with a motion-controller also shrank.
The yen's rise against other major currencies, including a 15-year high against the dollar, also hurt earnings and the book value of Nintendo's assets denominated in foreign currencies, it said.
Nintendo left unchanged its full-year forecasts, bracing for a 60.6% plunge in net profit to ¥90bn.
It projected operating profit at ¥210bn, down 41.1% from the previous year, and sales at 1.1 trillion yen, down 23.3%.
It said in September its new-generation handheld 3DS, which enables players to play 3D games without special glasses, would miss the Christmas shopping season and would be released next year.