The Japanese firm reported a net deficit of
It said lower-than-expected demand for its Wii U console and 3DS handheld had caused sales to miss its forecasts.
However, it added that it expected forthcoming games would help it to turn around its fortunes ahead of a more fundamental shift in strategy.
The company still has more than 1.3tn yen-worth of net assets on its balance sheet thanks to the stronger performance of its earlier games systems.
That offers it some leeway as it attempts to refocus the business.
In March, its president,
However, he was not specific about what kind of products this involved or when they would launch.
Its decision not to host a press conference at E3
The quality-of-life initiative, I think, is still in its embryonic phases and I don't think we will see any concrete development in that area for a number of quarters,"
I definitely think it's too early to write off
The original Wii was the bestselling console of the last generation and its successor, the Wii U, beat its rivals the Xbox One and PlayStation 4 to shop shelves by about a year.
However, the Wii U and its main innovation, a touchscreen controller, have failed to live up to
The firm initially forecast nine million units would be sold over the year to
That brings total sales since launch to 6.17 million
The content has not highlighted the unique offering of the Wii U, and has not explained how it's different from the other platforms and the previous Wii," said Mr Harding-Rolls.
Pokemon Rumble U uses this feature to unlock content when toy characters which can be purchased at additional cost are placed on the controller, but other titles have yet to exploit the facility.
Pokemon Rumble U figures can be used to unlock content and carry data about a character from one Wii U to another
In addition, it forecast that the release of the driving game
As a result it predicted 3.6 million
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