260°

Nintendo Has $4.465 Billion in the Bank, $9.168 Billion in Current Assets

Gamnesia - Nintendo's financial report has been released for the fiscal year ending March 31, 2015, and the Big N has plenty of cash in the bank. Their "cash and deposits" checks in at ¥534,706 million, which translates to about $4.465 billion in US currency. Their total current assets amount to ¥1,097,597 million, or about $9.168 billion in US currency. While these numbers show that Nintendo has a sizable safety net, they also represent a decrease from three months ago. Hit the jump for more.

These numbers show that Nintendo has a large safety net, but they're actually declined from the last quarterly report. As of December 31, Nintendo's cash and deposits and total current assets stood at $4.8 billion and $10.2 billion, respectively. Part of this decrease is due to changing exchange rates between the yen and dollar, but looking at it just in yen amounts, Nintendo's money in the bank has decreased slightly from ¥563,917 million to ¥534,706 million over the past three months.

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miyamoto3273d ago

Hmn...what a surprise!
With the success of Wii and DS, I thought they had more...

Concertoine3273d ago

Gotta spend money to make money. I imagine with more studios than ever, new investments like NFC tech, and QOL they are spending more than ever.

Griever3273d ago

That S10 billion cash in the bank dwindled fast. Nintendo fans often said that the $10 billion warchest will last them for the next 50 years... Still they have a lot of cash and current assets that can be liquidated when needed so they are in great condition. Not saying they are in any kind of financial trouble so do not take it that way.

Concertoine3273d ago (Edited 3273d ago )

@Griever

Of course it dwindled fast... they're investing in entirely new fields on top of funding R&D and game development. The whole 38 year thing assumed they didn't spend or make money and made losses in the ballpark of the last few years. It was a pretty conditional statement to say the least, lol.....

pcz3273d ago

not really, they might be investing in more studios but they are using obsolete technology and dont do any marketing.

Madock3273d ago

that will double with mobile market and theme parks...
quadruple with NX (if It is what I think it is)

Concertoine3273d ago

@pcz

You still have to spend a ton of money on R&D to make a games console, regardless of power. Plus, we don't know how powerful the NX is at this time, or whether its a handheld or a home console.

+ Show (2) more repliesLast reply 3273d ago
LackTrue4K3273d ago

thats good and all for Nintendo, but the last time i bot a Nintendo game was like in the 90's.

but, that's just me thou.

PigPen3273d ago

I'll be honest. Yes I am rare and march to the beat of my own drums. The truth be told, I've never owned a Sony console in my life. But why did you and I need to share that?

mcstorm3273d ago

@PigPen its just what some people are like. Ive never owned an apple product and people say I must of owned at least one product of there's but I have never wanted too. I also could not bet into the ps2 but loved the psx and ps3.

I do hope Nintendo can make a success of the wiiu though and hit the ground running next gen as I do think its a very underrated console.

Mikito113273d ago

That's just sad.. You missed out on so many great games

Magicite3273d ago

whatever they made with DS/Wii, they lost with 3DS/WiiU.

DryBoneKoopa853273d ago

Well back to the Nintendo is doomed Bull$hit I see. I love it's ok to report on Nintendo's finances but as soon as Sony's finances are called into question their shot down fast on this site. N4G biased much???

Nintendo has posted a PROFIT for the entire year. I don't see how that can be spun into a negative now because they spent some money buying into DeNa and funding other projects. As always though it's straight to the negative.

remixx1163273d ago (Edited 3273d ago )

Lol I love you guys, you pepper the site hella fast.

I realize anytime something bad is said about these guys, you jokes go yeah well Sony finances are worst but I can't say that cuz n4g yuck yuck yuck yuck.....

Dude who the hell cares about these guys' finances as long as they give us games??

Its like you guys need to channel the hatred away from Nintendo to Sony......don't join the fanboy idiot rubble dude.

Anorexorcist3273d ago (Edited 3273d ago )

LOL, you speak the truth remixx116.

What I enjoy most about the rants from "Anti-Fanboy" fanboys like DryBoneKoopa is that they are so enamored with their own fanboy studies and theories (e.g. these particular fanboys love company A for this but hate company B for doing the same thing wah wah wah) is that they don't even realize that they are cut from the same cloth.

3273d ago
Persistantthug3273d ago

No....

Because Microsoft GAMES can't afford to buy Nintendo or Sony.
Microsoft CORP has much bigger fish to fry than to just be worried about games.
Microsoft has Google and Apple and the decline Windows on their minds.

Shnazzyone3273d ago

Everyone should just play games and not bother wishing doom against any of the big 3. It's sad how often nintendo doomed goes around. I'll just take solace knowing it'll be a very very long time until we stop seeing nintendo game releases.

GordonKnight3272d ago

Most people that hate on video game consoles just can afford all three consoles. IMO

+ Show (2) more repliesLast reply 3272d ago
deadpoolio3163273d ago

Except for the FACT that you morons who generally call Sony's finances into question are trying to do so with what 10 year old information, you do ZERO research to see how or where they stand now and try to pretend they are going to go under tomorrow when they are far from doing it.....Did ya mental midgets miss things like they spent 4.3 billion to buy a streaming company a couple years ago to turn it into PS Now, cause that doesn't say they are close to shutting their doors.

When people talk about Nintendo finances they are using relevant current information, not 10 years ago information

eyeofcore3273d ago

Like Sony lost 1B$ this fiscal year. oops

3273d ago
dcbronco3273d ago

Hey Poolio. You forgot to add /s. Didn't you?

Sony reports may have started showing losses around ten years ago, true. But almost all of the reports between then and now have also shown nothing but net losses. Sony has stabilized for the most part but dude, seriously. They have JUST started stabilizing.

Nintendo had a couple of bad years. But they just need to launch a new console with basically off the shelf part and they are on top. Microsoft and Sony along with AMD have done all the ground work for Nintendo to take an off the shelf APU and be far more powerful with little or no added effort.

Throw a Carrizo-L in a console with stacked memory and they win. Or wait for the Zen architecture and make them look last generation. Wait till next year to lock in the design with Zen and R300 series GPU and it's two very different playing fields. The current generation will only last five years. Things have moved too fast and the new APIs will make current generation look bad fast.

joeorc3273d ago

exactly!

example:

Sony has more cash than debt, and an enterprise value of just over $33 billion. Getting to $4.2 billion in earnings before interest and taxes would give it an EV/Ebit ratio of about eight based on the stock’s recent price. A 20% rise in the stock over the next year would push the EV/Ebit ratio close to those of other aging tech giants like Panasonic (6752.Japan), Microsoft (MSFT), and IBM (IBM)

http://m.barrons.com/articl...

wegetsignalx3264d ago

@eyeofcore, shloobmm3

Sony's losses last FY were one time writedowns on mobile and the sale of Vaio. They are projecting an operating profit next FY. Sony's stock is going up and they are no longer "bleeding money".

+ Show (2) more repliesLast reply 3264d ago
CYCLEGAMER3272d ago

Why are we as gamers so concerned about the sales and how much money these companies have in the bank? WE ARE GAMERS...NOT FINANICAL ANALYST.

Most of you are so petty and are more into the politics of Gaming rather than gaming itself. This might be the worst generation of gamers ever...lol

3273d ago
Activemessiah3273d ago

Explains the lack of panic over there... to be fair I wouldn't panic either if i had that much.

Timesplitter143273d ago

I'd panic if I had this much in my wallet

Skate-AK3273d ago

I would panic for you. You would be crushed by a wallet that big.

Timesplitter143273d ago (Edited 3273d ago )

not if it's a 5 billion dollar bill which I'd use to purchase a pack of gum at a convenience store

Hoffmann3273d ago

Thats like a bad mockup of my Bison Dollars!!

Show all comments (85)
80°

Nintendo's Massacre Of The 3DS And Wii U Is Finally Complete, Regrettably

Hanzala from eXputer: "The cruel hammer of Nintendo has fallen. Farewell, 3DS and Wii U, you surely brightened my life and many others; you won't be forgotten."

280°

Xbox's Preservation Step Sets A Much-Needed Example, Especially For Nintendo

Hanzla from eXputer inquires: "If Xbox can care about preserving its games and legacy, what exactly is wrong with Nintendo, trying to kill game preservation single-handedly?"

purple1019d ago

Ahh yes the good old game preservation of saving all your games to a removable hhd on the Xbox 360, taking it round your mates house, setting up multiple tvs to
Be met with “save data corrupted, please re download”

Or how about removing 360 games
From the store
, download them now or else, and, better hope to god that save data doesn’t corrupt, or it’s lost for ever

Nice one ☝️

Zeref9d ago

It's better than what Nintendo and Playstation is doing. It might not be perfect but at least they are TRYING. Unlike the others.

DarXyde8d ago

Trying? Take off the blinders for a moment, mate.

1. A failure to preserve games is just that: a failure to preserve games. Don't try to sugarcoat it: NO ONE is doing it properly. Better than awful is nothing to write home about.

2. At the time of this comment, isn't it the case that you need an internet connection to play Xbox games even if you buy physical discs that are hardly in circulation anymore? I don't have a Series X and I can't verify, but I think that is correct. I'm fairly certain you can at least play PS5 games at version 1.0 (not much of a win really when many games require day one patches). I think Microsoft's all digital, licensing approach is by far more aggressive than anyone else's. They really try to push you to game pass where you lose your entire library by umm.... Skipping a month of payments.

I don't think anyone is doing it right whatsoever. Don't get me started on Nintendo, who goes after anyone looking to preserve their games better than they ever would with extreme litigation.

Don't be a simp for any of these companies. Get it together.

PhillyDonJawn8d ago (Edited 8d ago )

@DarX never speak on Xbox again. You lost all credibility with your internet connection comment. Smh you have 0 clue and misinformed yet speaking on something you don't no squat about.

Einhander19728d ago

What has Sony done exactly? You guys keep deflecting to Sony but I am not actually seeing any results, and ai am certain nothing that you can come up with even comes close to what Microsoft has done and what they have tried and failed to do, like tie all your disks to your account on xbone.

Microsoft removed their whole indie section when they moved to the xbone because they were going to only allow games on the service that came from a publisher, id@xbox started after xbone launched and it only exists because Sony embraced indie and Microsoft was forced to cancel their plans and reverse course.

And every single game that was part of games for windows live including disk games (I have gta 4 on disk that won't work) so hundreds of games that use that DRM no longer work unless the company themselves patched it out which of course very few did.

MrBaskerville8d ago

Not trying. Tried. they killed of the backcomp program years ago. They set something up again, but sounds like it's more of an attempt to save the current library on whatever they are planning next. With luck they save everything and more, but let's see. I could see them killing off parts of the OG xbox and 360 libraries. Can't imagine that they would allow us to play Forza 5-7 in the future.

With that said, I do like what they've done and really wish they could have done more.

shinoff21838d ago

Zeref

So killing off physical media is trying what exactly. Ms don't really give a fk if you think they do your kidding yourself.

Profchaos8d ago

They are not trying this team is established for forward compatability the team is. It interested in preserving Xbox or 360 games.

+ Show (3) more repliesLast reply 8d ago
isarai9d ago

Is that why Hellblade 2 is digital only?

Zeref9d ago

Just because it's digital only doesn't mean you can't preserve it. Just put it on an external and you have the exact same functionality of what a disc does.

MrNinosan8d ago

Guess you're trolling, but if you actually think that's how it works, I'd recommend buying some braincells.

mkis0078d ago (Edited 8d ago )

Volitile vs nonvolitile data. A disc will not corrupt either. A drive can be corrupted.

Einhander19729d ago

This is just a scammy PR move to distract from the fact they are going digital only and trying to push streaming and subscriptions only.

No gaming company has pushed harder to remove ownership than Microsoft.

Without discs there is no preservation, preservation can't be done by the rights holders it can only be done by the consumers, anything else is a lie.

9d ago Replies(3)
Einhander19729d ago

Anyone remember xblig which Microsoft removed their whole 360 indie section removing hundreds of games from people?

9d ago
9d ago
Zeref9d ago

Do you know you can put your games on an external and preserve them that way? There are no benefits to discs. ZERO. Idk why some of you are still obsessed with them.

DarXyde8d ago

Because games like Persona 5 exist. It's STILL V1.00. On Playstation, that's a win because 1.00 is installed on the disc—no need to download anything.

If a game does not require any updates, it's all on the disc.

Extremely low bar in the modern era, of course. It's not much of a win by any stretch.

But for now, physical media does have a purpose, at least on Playstation.

Einhander19728d ago

That is factually not how game licensing works, try plugging your hard drive into someone else xbox, It's not going to work, and it won't work if the licensing servers ever go down.

Einhander19728d ago

Anyone remember games for windows live.

I have around a dozen games, some on Steam itself that will not work because Microsoft shut off the licensing servers.

BehindTheRows8d ago (Edited 8d ago )

I do. I STILL have games (Gears of War being the big one) I cannot access because Games for Windows LIVE is total garbage and no one has held Microsoft accountable.

Zeref8d ago (Edited 8d ago )

You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership.

Chevalier8d ago

"You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership."

Damn how many times do people got to explain your idiocy to you? You can take a copy of Persona 5 like someone used as an example and play that game on ANY console WITHOUT logging in which means I can lend the game to a friend without internet and they can play my game. Can you lend your hard drive to anyone without logging in for them to play? NOPE. That is a huge difference and if you think otherwise then sorry you're an idiot.

Tacoboto8d ago

"No gaming company has pushed harder to remove ownership than Microsoft."

Ubisoft is literally erasing games people bought from their libraries... My PS1-3 discs are useless on modern hardware. Nintendo's re-published and resold almost their entire Wii U library, and the eShop is completely dead with no BC mechanism in the Switch software. Microsoft publishes everything they make today day one on Steam and Xbox/Windows. Sony only brings to PC the titles they think you might want some years later and Nintendo won't even design a functional long-lasting joystick.

You're absolutely trolling and not serious if you think Microsoft today is the worst offender.

shinoff21838d ago

Yay steam

Not everyone fks with computers though. The disc is still the best way as a console player. Period.

Tacoboto8d ago

How do Sony and Nintendo feel about these discs from 2001-2013?

Don't be stupid, you know Xbox is the best at this today.

+ Show (3) more repliesLast reply 8d ago
Hofstaderman9d ago

Nobody wants this. Sales or the lack of it in the case of XBOX is very telling. I wonder how the adorably all digital series X will fare. Adorably dismal perhaps?

crazyCoconuts8d ago

Only time will tell, but for from someone like me suspecting that Xbox is trying to gracefully exit the console market, that "forward compatibility" team is trying to get Xbox games playing on Windows PCs. I mean, it's nice that they're not planning on exiting with a "enjoy your games while the hardware still works" message, so that's nice. They still have a brand to protect via Microsoft so probably feel obligated to have a better exit strategy.

Xeofate8d ago (Edited 8d ago )

That is not their plan, their plan is to transfer users accounts to the cloud.

Phil Spencer himself said as much a few months back, plans could have changed but I think people are reading way too much into one statement where Phil said he would allow Epic on xbox because he wants to be able to sell xbox games directly on other platforms. Aka, instead of selling Sea of Thives through PSN he wants to have an xbox store to sell his games on PlayStation without giving PlayStation any money.

Again, it's extremely unlikely that Phil plans to put PC on xbox and licensing would prevent them from just giving out other publishers games purchased on xbox copies of thier games on PC, Microsoft does not own their games.

crazyCoconuts7d ago

The thing that doesn't align with the cloud strategy is the giving up on exclusives. You'd still need strong exclusives for cloud streaming - it's still a "platform" , just with a lower upfront hardware investment. I feel like they've learned what PS learned with PSNow long ago. We're not ready to stream games and it's only gonna lose them money to try at this point

FinalFantasyFanatic8d ago

I would love that, I'd buy up some of the Xbox games if they could run on PC, like the Rare Replay, Lost Odyssey and Dead or Alive Ultimate, probably a pipe dream though.

Show all comments (43)
90°

Nintendo's War Against Player-Made Content Will Hurt The Company In The End

Danish from eXputer: "Nintendo has historically gone against player-made content and emulation of its games. This has done much to harm the company's image."

XiNatsuDragnel15d ago

I agree nintendo hire some these folks to help in your games it'll help imo.

banger8815d ago

They need to stop announcing these mods and fan remakes until they're finished. Finish it, upload it, and then if Nintendo dmca's it tough shit. Once it's online, people can share it around, even if the original download gets taken down.

Jingsing15d ago

True, but most modders need constant admiration during the process to motivate them.

PRIMORDUS14d ago

Yup, once it's a torrent nothing can be done Nintendo is helpless at that point. But it would be wise if they just had a site on the dark web, it's also easy to use with Tor and no one will bother you.

mastershredder14d ago

This is all coming from the mouth of short-sighted fandom and grifting madness.
No.... it wont. There is a clear defined reason why they don't. This is nothing new. Make your own shi7 from your own original ideas especially if you are trying to capitalize of it it. Duh.

Yeah, hire people that have zero respect or understanding for an established process. Wow. Yep. Totally makes sense.

shinoff218314d ago

Those guys that made that sonic game got a gig from sega or something along those lines and that game was dope as hell. One of the best sonics as of late.