Nintendo posts 1st annual loss, predicts return to profit
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Nintendo posts 1st annual loss, predicts return to profit

www.reuters.com   | 26.04.2012.

TOKYO (Reuters) - Nintendo Co Ltd said on Thursday it will return to profit this year, helped by a weakening yen, after posting its first annual operating loss on shrinking sales of its ageing Wii gaming console and weak demand for its new 3DS handheld device.
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For the current financial year to March 31, Nintendo predicted operating profit of 35 billion yen ($429.9 million), compared with a consensus estimate of a 40 billion yen profit, based on forecasts by 20 analysts surveyed by Thomson Reuters I/B/E/S.

The operating loss of 37.3 billion yen in the year just ended compared with a consensus estimate of a 41.4 billion yen loss. ($1 = 81.4100 Japanese yen)

(Reporting by Tim Kelly; Editing by Alex Richardson)


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