The numbers are painted red for Nintendo for the first time in seven years.
Nintendo posted a loss of 2.01 billion yen (approximately $2,470,000) for the April through September 2010 period, citing the strength of the yen as the primary factor.
Nintendo relies on foreign sales for more than 80 percent of its business, and thus as the value of the yen rises, the value of the overseas sales falls. The same period in 2009 resulted in a 69.49 billion profit for Nintendo. This is the first time in seven years that Nintendo has posted an interim net loss.
Slower sales have also contributed to the loss. In the first half of 2009, Nintendo sold 11.7 million DS units, however in 2010, that number fell to 6.69 million. Sales of the Wii fell from 5.75 million to 4.97 million. Software sales for Wii and DS fell a combined 37 percent from the same period a year ago.
Nintendo still expects to make a profit in the 2010 fiscal year, with a projected net profit of 90 billion yen.