Nintendo had an assumed dollar/yen rate of 114 yen for the three months ending March 31. Unfortunately, the dollar has recently slipped to a low of about 104 yen.
After the media report of the forcast revision hit Japan, Nintendo's shares closed down 3.71 percent at 10,120 yen. Nintendo's stock has fallen nine per cent since their profit forecast adjustments in January.
Despite this disappointing news, Nintendo is looking forward to the next fiscal year as they still have strong GBA and Gamecube sales, and they have high hopes for their soon to be released Nintendo DS.