Japanese video game console maker, Nintendo Co Ltd, said yesterday its first-half earnings had fallen by almost half, in line with expectations, as a strong yen hurt export earnings alongside revenue-hampering product delays.
Net income for the Kyoto-based vendor fell 46% on the year-ago to 17.2bn yen ($164.7m) for the six-month period to September 30. Sales slipped 5% to 190.2bn yen ($1.82bn). The company downgraded earnings projections for the period last month. A 12% rise in the yen against the dollar over the period left Nintendo’s overseas earnings worth less than it had bargained for. While it delayed until the second half the release of two new releases of its popular Pokemon software. á
