Daisuke Wakabayashi, Reporter, The Wall Street Journal

Nintendo Swings to Loss

January 26, 2012 at 1:40 am PT

Grappling with a sluggish debut for its new hand-held game system and petering demand for its flagship home console, Nintendo Co. swung to a loss for the first nine months of its fiscal year and scaled back sales forecasts for its 3DS portable system and Wii.

The Kyoto-based videogame maker also offered an even bleaker outlook for its full-year earnings for the year to March, saying Thursday that net losses will be three times greater than its projections in October as valuation losses on foreign-currency holdings from the strong yen continued to swell.

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Tagged with: 3DS, Daisuke Wakabayashi, earnings, gaming, loss, Nintendo, The Wall Street Journal, videogames, Wii

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