Nintendo is japan's richest company. tom nook takes a dump in tsushima lake

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KBFloYd

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#1  Edited By KBFloYd
Member since 2009 • 22539 Posts

bu but...charging 70$ for online

bu but fall guys

bu...but 100million sold...lol

https://gonintendo.com/stories/367472-japan-s-richest-company-of-2020-is-none-other-than-nintendo-co

890.4 billion yen (approx. 8.3 billion USD) in cash makes Nintendo Co., Ltd. the richest 2020 company in Japan, according to a financial analysis by Risk Masters. Despite arguably having a slow software turnout this year, Nintendo Switch hardware sales, alongside the launch of Animal Crossing: New Horizons in March, helped to provide Nintendo with some undoubtedly major overall success. This year gives Nintendo a step up in the rankings from 2019, where the company was reportedly placed in second.

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hardwenzen

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#2 hardwenzen
Member since 2005 • 4929 Posts

Looking at the last 2 Nintendo Directs, it felt almost like they're on welfare, not the richest in Japan.

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KBFloYd

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#3  Edited By KBFloYd
Member since 2009 • 22539 Posts

@hardwenzen said:

Looking at the last 2 Nintendo Directs, it felt almost like they're on welfare, not the richest in Japan.

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NathanDrakeSwag

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#4 NathanDrakeSwag
Member since 2013 • 14199 Posts

Your threads are embarrassing. Sad damage control over the Switch being on its last legs when Sony and Microsoft are releasing new hardware and you know you have to endure another 3 to 4 years of this.

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briguyb13

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#5 briguyb13
Member since 2007 • 5118 Posts

Face it, Sony isn't a Japanese company anymore, they've become a Western entertainment division with Playstation.

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Archangel3371

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#6 Archangel3371
Member since 2004 • 32791 Posts

Damn. That’s a whole lotta bells. 😳

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sakaiXx

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#7 sakaiXx
Member since 2013 • 9869 Posts

Congrats to Nintendo but useless analytics for us. What's the point of having cash at hand if they don't use it, its rarely a good business strategy.

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NfamousLegend

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#8 NfamousLegend
Member since 2016 • 679 Posts

Fortune 500 has Toyota, Mitsubishi, and Honda in top 3.

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sakaiXx

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#9 sakaiXx
Member since 2013 • 9869 Posts

@briguyb13: playstation HQ itself is in the US so...

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vl4d_l3nin

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#10 vl4d_l3nin
Member since 2013 • 2524 Posts

Good. Maybe now they can start putting out more games.

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KBFloYd

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#11 KBFloYd
Member since 2009 • 22539 Posts

@NathanDrakeSwag said:

Your threads are embarrassing. Sad damage control over the Switch being on its last legs when Sony and Microsoft are releasing new hardware and you know you have to endure another 3 to 4 years of this.

endure what? switch was successful from the get go despite ps4 being at its prime.lol

sony got nothing for nintendo.

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Pedro

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#12 Pedro
Member since 2002 • 44872 Posts

I am checking my bank account to see if this news did anything for me.

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KBFloYd

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#13 KBFloYd
Member since 2009 • 22539 Posts

@sakaixx said:

Congrats to Nintendo but useless analytics for us. What's the point of having cash at hand if they don't use it, its rarely a good business strategy.

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sakaiXx

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#14 sakaiXx
Member since 2013 • 9869 Posts

@KBFloYd said:
@sakaixx said:

Congrats to Nintendo but useless analytics for us. What's the point of having cash at hand if they don't use it, its rarely a good business strategy.

Lol almost hit but unfortunately that just how it works. As a company sitting on cash that is available to be use is not a good strategy. I mean in case you don't know Sony have at least $30b cash at hand, toyota, Honda even more but they have liabilities unlike Nintendo which not doing anything with the money.

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ProtossRushX

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#15 ProtossRushX  Online
Member since 2007 • 7976 Posts

Thats sick to be #1 In Japan thats so cool

I love sushi and Japanese women and Japanese video games man I kinda wish I lived there.

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KBFloYd

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#16 KBFloYd
Member since 2009 • 22539 Posts

@sakaixx said:
@KBFloYd said:
@sakaixx said:

Congrats to Nintendo but useless analytics for us. What's the point of having cash at hand if they don't use it, its rarely a good business strategy.

Lol almost hit but unfortunately that just how it works. As a company sitting on cash that is available to be use is not a good strategy. I mean in case you don't know Sony have at least $30b cash at hand, toyota, Honda even more but they have liabilities unlike Nintendo which not doing anything with the money.

yea nintendo dont know what they are doing next thing you know they will be selling buildings and going 3rd party.

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KBFloYd

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#17  Edited By KBFloYd
Member since 2009 • 22539 Posts

@ProtossRushX said:

Thats sick to be #1 In Japan thats so cool

I love sushi and Japanese women and Japanese video games man I kinda wish I lived there.

sushi is ok. japanese women look great but so does every race. japanese video games are the best but i wouldnt want to live there though.

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sakaiXx

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#18  Edited By sakaiXx
Member since 2013 • 9869 Posts

@KBFloYd said:
@sakaixx said:
@KBFloYd said:
@sakaixx said:

Congrats to Nintendo but useless analytics for us. What's the point of having cash at hand if they don't use it, its rarely a good business strategy.

Lol almost hit but unfortunately that just how it works. As a company sitting on cash that is available to be use is not a good strategy. I mean in case you don't know Sony have at least $30b cash at hand, toyota, Honda even more but they have liabilities unlike Nintendo which not doing anything with the money.

yea nintendo dont know what they are doing next thing you know they will be selling buildings and going 3rd party.

Yep, they could have used some of those money for R&D, develop your fav game or invest in studios or internet insfrastructure but too bad they rather have all these cash at bank they not gonna touch.

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strategyfn

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#19 strategyfn
Member since 2012 • 610 Posts

OP is just pissed Ghost of Tsushima is as good as any of the Switch’s best games. No clever title will change that.

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Jag85

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#20 Jag85
Member since 2005 • 15222 Posts

@nfamouslegend said:

Fortune 500 has Toyota, Mitsubishi, and Honda in top 3.

Toyota was the first thought that came to mind. No way is Nintendo the richest company in Japan. Not sure what exactly that list is referring to, but it's probably annual profit, not overall worth.

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briguyb13

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#21 briguyb13
Member since 2007 • 5118 Posts

@strategyfn said:

OP is just pissed Ghost of Tsushima is as good as any of the Switch’s best games. No clever title will change that.

That's a leap. GoT is a great game, but it suffers from OWS like so many other games this gen, and frankly it's a boring and tired formula.

It doesn't come close to the better Switch titles out there.

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Howmakewood

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#22  Edited By Howmakewood
Member since 2015 • 6388 Posts

Sony would be top but they just paid for weeks exclusivity on GTA 6

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Litchie

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#23 Litchie
Member since 2003 • 26744 Posts

Yaaayyy... or something.

Where's F-Zero?
Metroid?
Mario Odyssey 2?
Pikmin 4?
Donkey Kong?
Mario Kart 9?
Advance Wars?
ExciteBike/Truck/Bots?

Lazy ass company. I miss the GameCube/GBA days when they released masterpiece after masterpiece.

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SecretPolice

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#24 SecretPolice
Member since 2007 • 37219 Posts

lol :P

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Mozelleple112

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#25 Mozelleple112
Member since 2011 • 7787 Posts

Imagine thinking the cash holdings of a company is what makes it the richest company.

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Kadin_Kai

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#26 Kadin_Kai
Member since 2015 • 1402 Posts

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Ant_17

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#27 Ant_17
Member since 2005 • 13619 Posts

The richest that makes the cheapest console. Where does the money go?

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DaVillain-

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#28 DaVillain-  Moderator
Member since 2014 • 44536 Posts

@briguyb13 said:

Face it, Sony isn't a Japanese company anymore, they've become a Western entertainment division with Playstation.

Well yeah, Sony loves pandering us Americans, they don't like their homeland for odd reasons.

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hardwenzen

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#29 hardwenzen
Member since 2005 • 4929 Posts

All this money and this is what we get from said company in 2020. But then again, what does it matter when the majority of Switch owners are kids that simply don't know any better? And the adults that do own it, for some reason refuse to criticize the system they own for a chance of improvement. To me, that is such a childish mentallity. I sure as hell remember being like that during the N64, Xbox and early days of the 360. No better examples than the Nintendo online infrastructure. If Nintendo owners bitched about it, this is a thing Nintendo would've fixed during the WiiU era (if not earlier), but because being negative about certain aspects of an item you own is a nono, the online is as shitty as XBL in 2004. But hey! Nintendo is rich, you can sleep swell tonight and enjoy your games on Ultra Low settings, in 18fps and 540-720p in 2020.

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#30 St_Monica  Online
Member since 2020 • 196 Posts
@Jag85 said:
@nfamouslegend said:

Fortune 500 has Toyota, Mitsubishi, and Honda in top 3.

Toyota was the first thought that came to mind. No way is Nintendo the richest company in Japan. Not sure what exactly that list is referring to, but it's probably annual profit, not overall worth.

The original article says "excluding financial institutions (banks, securities companies, insurance companies, etc.), and companies that apply IFRS (the International Financial Reporting Standards)." This means almost all global companies based in Japan, such as Toyota, Honda, Nissan, Suzuki, Mitsubishi, Sony, Panasonic, Toshiba, Canon, SoftBank, Sumitomo, etc. have been excluded from the ranking. Worthless.

Source: https://news.livedoor.com/article/detail/18788644/

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KBFloYd

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#31 KBFloYd
Member since 2009 • 22539 Posts

@st_monica said:
@Jag85 said:
@nfamouslegend said:

Fortune 500 has Toyota, Mitsubishi, and Honda in top 3.

Toyota was the first thought that came to mind. No way is Nintendo the richest company in Japan. Not sure what exactly that list is referring to, but it's probably annual profit, not overall worth.

The original article says "excluding financial institutions (banks, securities companies, insurance companies, etc.), and companies that apply IFRS (the International Financial Reporting Standards)." This means almost all global companies based in Japan, such as Toyota, Honda, Nissan, Suzuki, Mitsubishi, Sony, Panasonic, Toshiba, Canon, SoftBank, Sumitomo, etc. have been excluded from the ranking. Worthless.

Source: https://news.livedoor.com/article/detail/18788644/

lol nintendo fanboys will be fanboys.

still nintendo pretty freaking rich

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BenjaminBanklin

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#32 BenjaminBanklin
Member since 2004 • 7171 Posts

@hardwenzen said:

Looking at the last 2 Nintendo Directs, it felt almost like they're on welfare, not the richest in Japan.

Best first post ever. LOL!

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#33 strategyfn
Member since 2012 • 610 Posts

@briguyb13: “It doesn't come close to the better Switch titles out there.”

I guess that is why we have opinions. It does for me. Speaking of tired formulas how is Odyssey doing.

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#34 Zero_epyon
Member since 2004 • 15806 Posts

Cool.

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Ibacai

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#35 Ibacai
Member since 2006 • 14039 Posts

Data manipulation is fun!

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Gifford38

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#36 Gifford38
Member since 2020 • 3326 Posts

@KBFloYd said:
@hardwenzen said:

Looking at the last 2 Nintendo Directs, it felt almost like they're on welfare, not the richest in Japan.

thats because the charge so much for these welfare games lol. nin is apple of gaming.

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Solaryellow

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#37 Solaryellow
Member since 2013 • 5914 Posts

Yet it still sells like hot cakes.

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St_Monica

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#38 St_Monica  Online
Member since 2020 • 196 Posts
@KBFloYd said:

lol nintendo fanboys will be fanboys.

still nintendo pretty freaking rich

Yes, they are rich and have no debt, and not hiring that many people. I don't know what Nintendo want to do to save so much cash, but maybe that's how they have survived over 100 years.

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Mesome713

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#39 Mesome713
Member since 2019 • 203 Posts

Poor Sony, what a joke that company has become.

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Zidaneski

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#40 Zidaneski
Member since 2003 • 9181 Posts

Not a bad thing to save money, would of helped a lot of businesses today had they also done so.

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deactivated-5f58f7bf5ecf3

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#41 deactivated-5f58f7bf5ecf3
Member since 2020 • 293 Posts

Don't you have some cardboard to play with?

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jcrame10

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#42 jcrame10
Member since 2014 • 6163 Posts

You'd think they'd be able to put out consoles with stronger tech and games other than 2D/3D platformers

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mandzilla

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#43 mandzilla  Moderator
Member since 2017 • 4635 Posts

Incoming Mario 35th anniversary collection will be the icing on the cake.

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#44 LuxuryHeart
Member since 2017 • 1083 Posts

@NathanDrakeSwag said:

Your threads are embarrassing. Sad damage control over the Switch being on its last legs when Sony and Microsoft are releasing new hardware and you know you have to endure another 3 to 4 years of this.

lol. No. Sure this year is lackluster for software coming out, but like, it's still selling hotcakes.

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#45 PC_Rocks
Member since 2018 • 4709 Posts

@Jag85 said:
@nfamouslegend said:

Fortune 500 has Toyota, Mitsubishi, and Honda in top 3.

Toyota was the first thought that came to mind. No way is Nintendo the richest company in Japan. Not sure what exactly that list is referring to, but it's probably annual profit, not overall worth.

Cash at hand.

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Jag85

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#46 Jag85
Member since 2005 • 15222 Posts
@st_monica said:
@Jag85 said:
@nfamouslegend said:

Fortune 500 has Toyota, Mitsubishi, and Honda in top 3.

Toyota was the first thought that came to mind. No way is Nintendo the richest company in Japan. Not sure what exactly that list is referring to, but it's probably annual profit, not overall worth.

The original article says "excluding financial institutions (banks, securities companies, insurance companies, etc.), and companies that apply IFRS (the International Financial Reporting Standards)." This means almost all global companies based in Japan, such as Toyota, Honda, Nissan, Suzuki, Mitsubishi, Sony, Panasonic, Toshiba, Canon, SoftBank, Sumitomo, etc. have been excluded from the ranking. Worthless.

Source: https://news.livedoor.com/article/detail/18788644/

Makes sense. That would explain it then. If Sony is excluded, then there's no real comparison to be made here.