Nintendo has predicted a £540m full-year loss after reporting global sales down 31% year-on-year in the past nine months.

Sales of the company’s Wii and DS consoles have slumped, though Nintendo claimed reducing the price of the 3DS handheld system last August had improved its performance.

Despite this, the company trimmed back sales expectations for the 3DS from 16 million units in the year to 31 March to 14 million, and reduced its predicted 3DS software sales from 50m to 38m units.

Nintendo said it had also been hit by foreign exchange losses due to the appreciation of the yen against the dollar and Euro.

Earlier this month, The Grocer reported that 95% of the £100m loss in the UK video games market last year was down to the falling spend on Nintendo games and hardware.