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Nintendo reports first ever annual loss

Sales down 36% year-on-year at 3DS firm

Nintendo has reported its first ever annual loss for the year ended March 31, 2012.

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The 3DS and Wii firm this morning posted a net loss of 37.3 billion yen (£284.2 million), while sales fell 36.2 percent year-on-year to 648 billion yen (£4.9b).

3DS sold 13.35 million units worldwide in the period, taking lifetime sales to 17.1 million. 36 million 3DS games were sold during the financial year, says Nintendo.

In comparison, DS sales were down more than two thirds to 5.1 million units, taking lifetime sales to 151 million. 60.82 million DS games were sold, around half of last year's total.

Nintendo said it will begin making money on each 3DS unit sold by the end of September 2012.

Wii sold 9.84 million hardware units, down a third from the previous year, with lifetime sales now at 95 million. Software sales came in at 102.37 million, down from 171 million a year earlier.

Nintendo predicts a return to profit for the current financial year to March 31, 2013. The firm forecasts operating profit of 35 billion yen (£267m) and sales of 820 billion yen (£6.2b).

Today's numbers follow disappointing financial results for the first three quarters of Nintendo's fiscal year, during which the company recorded net sales of 556 billion yen (£4.58 billion), down 31.2 percent year-over-year, and losses of 48.3 billion yen (£398.2 million), compared to a profit of 49.5 billion yen (£407.3 million) for the same period the previous year.

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