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Nintendo swings to loss in fiscal Q2

Nintendo Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to a loss of ¥1.58 per share, compared with ¥186.58 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥189.6 million, compared with income of ¥22.09 billion in the year-earlier period.

The normalized profit margin fell to negative 0.2% from 22.8% in the year-earlier period.

Total revenue climbed 17.8% year over year to ¥113.96 billion from ¥96.70 billion, and total operating expenses increased 21.4% from the prior-year period to ¥106.13 billion from ¥87.45 billion.

Reported net income decreased 86.9% year over year to ¥3.18 billion, or ¥26.49 per share, from ¥24.22 billion, or ¥204.64 per share.

As of Nov. 13, US$1 was equivalent to ¥122.78.