News Article

Nintendo Expects To Make a Loss in FY 2011

Posted by James Newton

It's tough out there

Even though the 3DS has hit 15 million sales worldwide, it's not been enough to help Nintendo post a profit, with the company expecting to post an operating loss of 45,000 million Yen in this financial year.

Nintendo revised its financial expectations this morning as follows:

Net sales — revised down from 790,000m Yen to 660,000m Yen.
Operating income — revised down from 1,000m Yen profit to 45,000m Yen loss.
Ordinary income — down from 30,000m Yen loss to 65,000m Yen loss.
Net income — 20,000m Yen loss down to 65,000m Yen loss.

Nintendo cites the continued strength of the Yen and its revised sales targets for its new estimates.

In the financial year to date so far, Nintendo has made a net loss of 48,351m Yen.

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User Comments (12)

James

#3

James said:

FYI we've used non-standard notation here — 1,000m instead of 1 billion — to avoid confusion: in some countries 1b is 1,000,000,000,000 whereas in some 1b is 1,000,000,000.

Thanks to @Wheels2050!

NintyMan

#6

NintyMan said:

With Iwata having to cut his own salary and the 3DS's slow start, of course Nintendo hit rough waters last year. But I believe last fall started to turn things around for them and they should do better this year.

RantingThespian

#8

RantingThespian said:

Yeah, but when they say "loss", that is their income isn't as much as it was the year before.

They are still making money, and lots of it. It's not like Nintendo is in any danger. With the Wii U coming (and after learning from the mistakes from the 3DS launch), their profits are most likely going to sky rocket once it comes out.

Bankai

#9

Bankai said:

@8 No, loss means earning less money than spending. Loss as binary opposite to profit.

It's really just the yen and a slow start to the 3DS to blame for this one. Nintendo's doing a relatively good job by Japanese corporation standards.

Knuckles

#11

Knuckles said:

Can the Wii U pull Nintendo out of the red and back into the green, and how will the 3DS do in its sophomore year in the big? I say no problems

grimbldoo

#12

grimbldoo said:

Nintendo will always be in the lower area of their sales because they themselves don't put out extra garbage that idiots would buy (e.g. DLC)

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