Nikkei: Nintendo to Post ¥100 Billion Loss In Financial Results Tomorrow

[GhostWriter24]

http://www.next-gen.biz/news/nikkei-nintendo-post-¥100-billion-loss

According to Japan's Nikkei, Nintendo is to reveal a pre-tax loss of ¥100 billion (£821 million) when it reports its half-yearly financial results tomorrow.

The newspaper claims that the loss - which will almost double the ¥55 billion (£451 million) loss predicted by Nintendo - will be largely due to exchange rates. The strength of the Yen against the Euro is expected to account for a loss of ¥40 billion (£328 million).

Should Nikkei's claim be true it would mean Nintendo has sustained a loss of ¥74.5 billion (£611 million) in the last three months alone. Its financial results for the first quarter of its financial year, released in July, showed a loss of just ¥25.5 billion.

Mother of GOD.

TL;DR:

 

[Auto_aim1]

Wow, $1.3 billion loss wtf I'm scared.

 

[Feep]

I usually roll my eyes at the "Nintendo is doomed" threads, but...

...damn.

 

[Jarmel]

Where are your print machines now?

 

[spats]

Reversed itprintsmoney.gif.

 

[Muchi Muchi Pink]

Waiting for NintendoomedGAF.

 

[black_vegeta]

That's ALOT of dough!

O_O

 

[Ferrery]

HAHA, Take that Ninty! In your face!!

 

[bobbytkc]

is this because of the 3ds? damn...

 

[Mariah Carey]

There has to be some way for Nintendo not to get bit in the ass so hard from exchange rates (if that is indeed what the problem is). I just can't really believe there's no alternative that would save them from such losses.

 

[CoffeeJanitor]

Desperate Nintendo is best Nintendo.

 

[anaron]

Yikes.

 

[Corky]

iteatsmoney.gif

Someone just reverse the itprintsmoney.gif

and change the DS to the 3DS.

 

[Medalion]

Geoff!!!

I mean
holy shit

d000000000000mmeeddddddd

 

[Keyser Soze]

 

[Duxxy3]

Holy shit that's a lot of yen.

 

[Ushojax]

The yen is really fucking over a lot of companies.

 

[Mengetsu]

Ouch...

 

[qq more]

NINTENDO AM DOOMED


But in all of seriousness... holy fuck

 

[Slayer-33]

Holy fucking fuck

 

[Blablurn]

so where does this loss come from? im not that big into sales age. is it just the weak sales of the 3DS and Wii??

 

[Kaako]

I said wow.

 

[ShockingAlberto]

The yen is really fucking over a lot of companies.

It's a no-win situation.

The yen falling would be no good, but the dollar and the euro are probably not going to get dramatically better in the next few years.

 

[MightyKAC]

As a guy with absolutely no love at all for Nintendo, I gotta say this is pretty shitty news for gaming as a whole.

 

[Mpl90]

Andriasang report it a bit differently

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.

With "could", it seems it's not a certainty.
However, we need another translation from someone here on Gaf.
Another thing: it seems the bitch here is the exchange.

 

[Black-Wind]

Well damn ...

Hope is rising for them doing a bull rush in getting kick ass games out for the start of the Wu's life span.

 

[Orayn]

Damn, this sucks.

Waiting for an un-ironic response of "AHAHAHAHAHHAHAH! DIE NINTENDO DIE!" from some brat.

 

[Biggest-Geek-Ever]

Never fear, Link will soon be here!!.... Right, guys? =(

 

[Box of Bunnies]

Reggie to Iwata: What's wrong with you?

Nintendoom vindicated.

 

[BY2K]

NINTENDO IS DOO...

Oh shit... That IS bad.

EDIT: If the exchange rate is the problem, then what does it mean?

 

[wsippel]

is this because of the 3ds? damn...

No, it's because of the weak Euro.

 

[BowieZ]

Those in the know: How quickly could Nintendo overturn this assuming really great Xmas software and hardware sales?

 

[Emitan]

Wii U: Japan exclusive

 

[LOCK]

This is more so a Yen problem than a 3DS problem. However selling the 3DS at a loss didn't help at all in the short term, but it will definitely pay off in the long term.

In other words, no price cuts anytime soon from them.

 

[Truth101]

Andriasang report it a bit differently



With "could", it seems it's not a certainty.
However, we need another translation from someone here on Gaf.
Another thing: it seems the bitch here is the exchange.

To bad thi s will be ignored.

 

[Red Nightmare]

I wonder how Mario will play on iPhone next year.

 

[Medalion]

Nintendo's body was NOT ready

 

[Erethian]

is this because of the 3ds? damn...

"The newspaper claims that the loss - which will almost double the ¥55 billion (£451 million) loss predicted by Nintendo - will be largely due to exchange rates. The strength of the Yen against the Euro is expected to account for a loss of ¥40 billion (£328 million)."

It's right there in the OP.

 

[Furoba]

Just the Euro currency rate amount to almost half of their losses? Crazy.

Probably has more to do with money being poured into WiiU's development and a sloppy 3DS launch than anything else.

 

[Mihael Mello Keehl]

wheres my popcorn I know gaf likes this kinda shit lol

 

[jambo]

 

[qq more]

Damn, this sucks.

Waiting for an un-ironic response of "AHAHAHAHAHHAHAH! DIE NINTENDO DIE!" from some brat.

Already got one:

HAHA, Take that Ninty! In your face!!

 

[Auto_aim1]

EDIT: If the exchange rate is the problem, then what does it mean?

It's a Japanese company so when the sales overseas are converted to Yen, they report a significant loss due to the exchange rate.

 

[Keyser Soze]

 

[ShockingAlberto]

Just the Euro currency rate amount to almost half of their losses? Crazy.

Probably has more to do with money being poured into WiiU's development and a sloppy 3DS launch than anything else.

It should be pretty clearly outlined tomorrow, but I think you're underestimating how much exchange rate can screw things up.

 

[Biggest-Geek-Ever]

Hahaha, you guys are too fast.

WAY too fast, lol.

 

[_Alkaline_]

HAHA, Take that Ninty! In your face!!

You have a bright future here.

 

[dwu8991]

That's just not right. The more they sell, the more money they loose. Ouch.

 

[GCX]

If true, it's quite a historic loss for Nintendo.

 

[Duxxy3]