Nintendo Co. Ltd. announced consolidated earnings results for the first nine months ended December 31, 2011. The company announced it swung to a loss during the first nine months of its fiscal year, weighed down by sluggish sales of its Wii console, costs associated with its new 3DS handheld game system, and valuation losses on its foreign currency holdings due to the strong yen. The company announced it posted a net loss of JPY 48.35 billion or JPY 378.10 per share in the nine months ended December 31, compared with a profit of JPY 49.56 billion or JPY 387.53 per share in the same period a year earlier. Revenue fell 31.2% to JPY 556.17 billion compared to JPY 807.99 billion a year ago. Operating loss was JPY 16.408 billion against operating income of JPY 158.795 billion a year ago. Loss before income taxes and minority interests was JPY 66.051 billion compared to income before income taxes and minority interests of JPY 80.569 billion a year ago. The company expected to pay year end dividend of JPY 100.00 per share against JPY 300.00 per share a year ago. For the year ending March 31, 2012, the company expected net sales of JPY 660,000 million, operating loss of JPY 45,000 million, net loss of JPY 65,000 or JPY 508.30 per share.