Nintendo will be losing significantly more money than expected.

Nintendo predicts a net loss of 65 billion yen during the fiscal year ending in March 2012, according to their recent financial briefing.

Originally Nintendo had only anticipated a loss of 20 billion yen. However, in the first nine months of this fiscal year, Nintendo has already experienced a loss of 48.4 billion yen; this increase led to the drastic raising of their net losses.

Net sales for the company were down 31.2% in the last nine months. Nintendo attributed this decline in sales to the decrease of Nintendo DS and Wii hardware being sold. The Nintendo 3DS's price cut also affected sales numbers.

The color swapping game for the 3DS will also see a release in Japan.

Shifting World, based on the flash game of the same name, will also see a release in Japan thanks to Arc System Works.

The game (which will be known in Japan as Shifting World: The Black and White Labyrinth) has players swapping colors in order to change what the character is standing on. The 3DS version will have new graphics as well as 3D puzzles.

Shift will be released in Japan on April 26. North America will receive the game by Aksys on April 24.

Nintendo releases the sequel to the NES classic in Japan for the first time.

Kid Icarus: Of Myths and Monsters is coming to the Japanese eShop on February 8. The Game Boy sequel to the NES classic was one of the few Nintendo published games to never see release in Japan; instead, it saw release in both North America and Europe in 1991 and 1992 respectively.

As it was never released in the Japan, the Japanese eShop release will feature English text, rather than Japanese. The game will cost 400 yen.

The Sega titles have been officially rated by the ESRB. 

Shinobi and Sonic Triple Trouble have been rated by the ESRB for release on 3DS as Sega Game Gear Virtual Console titles.

The release marks the first instance of Game Gear titles releasing for the service, a feature announced by Nintendo at the 2011 Game Developers Conference along with TurboGrafx 16 titles. Triple Trouble is, outside of PC and GameCube re-releases, the only exclusive Game Gear Sonic the Hedgehog game. Likewise, this iteration of Shinobi (sometimes referred to as The G.G. Shinobi) is known as the first game in the series specifically developed for a handheld.

The film will be localized with official names according to region.

The Ace Attorney movie will be released in other regions besides Japan, director Miike Takahashi confirmed in a Q&A session at the film's premiere in the International Film Festival Rotterdam in the Netherlands.

The director explained that each region will be dubbed and subbed accordingly, meaning that the characters' official names in that region will be used. For example, in North America, “Ryuuichi Naruhodou” is known as "Phoenix Wright".

The film will be released in Japan on February 11. It follows the events seen in the first game of the series and features major characters from the series such as Miles Edgeworth and Maya Fey.

The microscopic shooting adventure will makes its Japanese debut in April.

Shin'en Multimedia's 3DS shooter Nano Assault has been given a Japanese release date.

Set to make its debut on April 19, 2012, Nano Assault is a shooter in which players must defeat dangerous viruses using a special ship called the Nanite. In addition to destroying the virus, players can also analyze them. Multiple weapons can be obtained and harnessed within 32 stages.

Nano Assault is available now in North America. You can read our review of the game here.

Players that have been successfully accepted may receive notices soon.

Square Enix has sent out notifications regarding their upcoming beta test for Dragon Quest X to potential players in Japan.

Those who have registered to participate in the beta may receive a message confirming their acceptance for the testing, and that the developers are still working on the final preparations so testing can properly begin. Those who have registered but have not been accepted may become part of a future round of testing, as Square Enix reconfirmed that players will be continuously added throughout the course of the beta. Finalized dates and what the test will contain will also be announced at a later date.

The downloadable RPG allows you to create parties by pointing the 3DS at people.

Genius Sonority, the development team behind the Pokemon Colosseum games, has announced a new RPG for the 3DS eShop called Denpa Ningen.

Denpa Ningen (which translates to Radio Wave People RPG), is a game in which the 3DS's augmented reality features are used to generate different RPG party members. When the player points the 3DS at their surroundings, they will be able to generate small people called the Radio Wave, who will then be available for capture and later used to explore dungeons.

Unfortunately, the game might be region locked.

The crossover game Pokémon + Nobunaga's Ambition will have DSi-enhanced features.

Pidgi.net recently discovered the product code of the title, which confirms that the final release of the game will feature DSi enhancement. The product code is TSA-TWL-VPYJ-JPN. Each set of letters represents a specific feature in the game (for instance, JPN indicates the Japanese release). Specifically, TWL confirms that the game will use DSi features, though they could simply be limited to smoother gameplay with the handheld's faster processor.

The musical Final Fantasy adventure gets a second demo before release.

Square Enix's Theatrhythm: Final Fantasy is getting a second downloadable demo on February 1.

The demo will contain two songs from the 3DS title: "The Man with the Machine Gun" from Final Fantasy VIII and "The Sunleth Waterscape," the field theme from Final Fantasy XIII. Tetsuya Nomura, director and designer of multiple Square Enix titles, confirmed the demo in several interviews.

Theatrhythm will be released in Japan on February 16. No release details for other regions have been announced.