Nintendo Sinks Into Loss Despite ‘Pokemon Go’ Global Success

TOKYO— Japanese video game maker Nintendo Co. sagged into a loss of 24.53 billion yen ($232 million) for the fiscal first quarter through June, despite the global success of the “Pokemon Go” augmented reality game.The result Wednesday was worse than ...
Nintendo Sinks Into Loss Despite ‘Pokemon Go’ Global Success
FILE - In this July 22, 2016 file photo, Japanese students play "Pokemon Go" in the street as its released in Tokyo. Japanese video game maker Nintendo Co. has sunk into a loss of 24.53 billion yen ($232 million) for the fiscal first quarter through June, 2016 despite the global success of the “Pokemon Go” augmented reality game. The result Wednesday, July 27, 2016, was worse than the 673 million yen ($6.4 million) profit forecast by analysts surveyed by FactSet. AP Photo/Koji Sasahara, File
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TOKYO—Japanese video game maker Nintendo Co. sagged into a loss of 24.53 billion yen ($232 million) for the fiscal first quarter through June, despite the global success of the “Pokemon Go” augmented reality game.

The result Wednesday was worse than the 673 million yen ($6.4 million) profit forecast by analysts surveyed by FactSet. The manufacturer of Super Mario games and the Wii U console had an 8.3 billion yen profit the same quarter a year ago.

The Kyoto-based company’s quarterly sales fell 31 percent to 61.97 billion yen ($586 million).

Nintendo has warned the “Pokemon Go” perk will be limited. The Pokemon Co., a Nintendo affiliate, will get licensing fees and other compensation for the mobile game distributed by Niantic Inc., but that won’t have much impact on Nintendo income, according to a company statement last week.

In one disappointment for “Pokemon Go” fans, Nintendo and Pokemon said Wednesday that the release of “Pokemon Go Plus” is being delayed by two months until September. “Pokemon Go Plus” is a device that can be used when playing “Pokemon Go,” which lets players know when Pokemon are around.