Nintendo Slides Into Loss As Strong Yen Hurts Overseas Ops
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Nintendo's poor performances in the recent indications that the yen is high, although the Japanese exporters, balancing the benefits of cost reduction and demand for recreation.
Nintendo said that the group posted a net loss of Y25.22 billion euros in fiscal first-quarter net profit to Y42.32 billion euros for the same period last year.
Operating profit fell by Y23.34 Y40.40 billion, while turnover fell Y188.65 Y253.50 billion euros.
Yen weakens the strong sales of Nintendo's operating profit and abroad. The company claims that the yen has caused losses amounting to Y70.5 billion.
Low income, surprised at the beginning of the year, but the investors, "said Tokai Tokyo Research Center analyst Yusuke Tsunoda." Investors are waiting to see how well that Nintendo can do 3DS momentum. "
The new machine 3DS 3D games without any special glasses. The Company intends to launch a new car from the end of March 2011.
The company says press, lower prices for its series of portable game device Nintendo DS in Japan and Europe on the profits.
During the year to March, Nintendo will continue to assess net income of Y200 billion and revenue of Y1.4 million Y320 .
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