ctalkeb on 26 October 2011
Nikkei reports today that Nintendo could be posting a 100 billion yen pretax loss for the April to September period. The company had previously forecast a 55 billion yen pretax loss.
The reason for the increase, according to Nikkei, is that the rising yen versus the Euro will cause a 40 billion yen foreign currency exchange loss.
For the same period last year, Nintendo posted a 4.15 billion yen pretax loss.
It's unclear how much of Nikkei's report is just the paper's analysts doing math. Nintendo is scheduled to make its midterm earnings announcement tomorrow (10/27), so we should find out soon enough.
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