Nintendo to post recurring losses of ¥100 billion - report

Nintendo's recurring losses for the first half of the financial year could be double what the company forecasted, Reuters reports.

The Japanese business daily Nikkei expects Nintendo to post a recurring loss of ¥100 billion ($1.32 billion/£823.5 million) when it publishes its financial results tomorrow - significantly higher than the ¥55 billion predicted in its guidance.

Nikkei acknowledged the strength of the Yen as an important factor, estimating that Nintendo - which makes 80 per cent of sales outside of Japan - suffered ¥40 billion in foreign exchange losses in the six month period ending September 30.

Following the report, Nintendo's shares fell by 7.5 per cent to ¥10,800 ($142.3/£88.94).

For a full breakdown of Nintendo's recent stock performance, read Rob Fahey's Stock Ticker article.