FILE PHOTO: Japanese gaming firm DeNA Co said on Wednesday it was booking a 49.4 billion yen ($450 million) writedown as its gaming business falters in Japan’s saturated mobile market. REUTERS/Yuriko Nakao/File Photo
TOKYO (Reuters) – Nintendo Co Ltd’s mobile partner DeNA Co Ltd said on Wednesday it was booking a 49.4 billion yen ($450 million) writedown as its gaming business falters in Japan’s saturated mobile market.
DeNA booked a 40.2 billion yen loss on goodwill related to U.S. gaming unit Ngmoco and a 8.1 billion yen loss on software, with the company saying it expects to report a loss in the year ending March.
DeNA has partnered with Kyoto-based Nintendo on mobile titles including Mario Kart Tour, which has been widely downloaded since its September launch. But it has yet to become a big revenue driver as it was not offered with a multiplayer option from the outset.
Another title, Pokemon Masters, which was developed in partnership with Nintendo-backed The Pokemon…
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