Report; Nintendo to announce huge loss tomorrow

We all knew the news wouldn’t be good financially for Nintendo when they release their first half financials tomorrow in Japan — but we didn’t know it would be this bad. The gaming giant is expected to announce a loss of roughly 100 billion Yen ($460 Million US),  almost double what the company originally forecasted.

It hasn’t been an easy year for Nintendo, amid struggling sales of their 3DS handheld, a declining Wii user base and the strengthening  of the Yen. Nintendo makes 80 percent of their revenue from international sales, and lost 40 Billion Yen (526 million) in other territories.

Nintendo came off strong a strong showing at this year’s E3 convention with the debut of the new Wii U console, but has since been marred with talk of development troubles and developers bailing on the system.

Nintendo did not return our request for statements. If they do, this post will be updated.