The rumor mill predicts a loss of over a billion dollars over the second half of 2011.
Nintendo will post a loss of ¥100 billion tomorrow (approximately $1.31 billion), according to Japanese newspaper Nikkei. The loss is for the period of April 2011 through September 2011. According to the report, the loss is mostly attributed to the value of the yen against the Euro, and amounts for ¥40 billion of the rumored loss. In comparison, for the same period in 2010, Nintendo posted a loss of just over ¥4 billion.
The predicted loss for the period was ¥55 billion, making the rumored final figures almost double what was predicted. Andriasang notes that it is unclear how much of the report was Nikkei's analysts doing the math themselves.
Nintendo will reveal its earnings for the period in Japan on October 27.