400°

Nintendo Reveals it Has More than $11 Billion in Net Assets

In its latest investors' Q & A session, Nintendo revealed that it has about 1.161 trillion yen in net assets, which comes out to a bit more than $11.3 billion. This figure, albeit high, is about 6.6 billion yen lower than before, or about $64 million.

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nintendoenthusiast.com
JEECE3273d ago

Saying they have 11 billion in net assets doesn't mean they have Scrooge McDuck vault filled with cash that they are willing to lose all of before they "call it a day." Companies don't save up money so they can lose it year after year until their value is zero.

Erik73573273d ago (Edited 3273d ago )

It kinda does, or at least means they can. They have money for emergencies like this and can still take risk when company is doing bad...

UltraNova3273d ago

Agreed, but liquitidity is always good.

I m curious, how much in net assets did they have during 2011-12?

conanlifts3273d ago (Edited 3273d ago )

@ultranova in 2011 they had about 1.281 trillion yen, in 2012 about 1.18 trillion. So it's been pretty stable since 2012 in real terms.

badz1493273d ago

I'ms surprised MS is not announcing theirs too just to show off who has the bigger bank.

LOL

UltraNova3273d ago

Sd11,

Thanks for the info. Pretty stable considering their lackluster success with the Wii u.

Badz, whats the point? Nintendo is a gaming company only.

Moonman3273d ago

Just imagine how lucrative the theme park attractions will be! I know I'll ride a "Death Mountain" Zelda roller coaster a zillion times and buy every item in the gift shop around it...lol. ;p

The only company that could truly afford to buy Nintendo with a straight face is Apple Computer Inc....lol. Until then....they ain't goin' nowhere anytime soon! haha

Segata3273d ago

They have $8.5 billion in cash as well

+ Show (4) more repliesLast reply 3273d ago
dirkdady3272d ago (Edited 3272d ago )

This is like saying Sony has over $180 billion in assets, if u include the est $30 billion in film/movie assets. It's not liquid hence why Sony sold couple of their buildings to free up cash a few years ago.

Bahamut3273d ago

Yeah, to us we see them losing millions recently, but to them it's just like they lost some change. No big deal.

Zeldafan643272d ago (Edited 3272d ago )

Actually over the last two fiscal years Nintendo has made a little over half a billion in profit. In 2014 they posted $380 million in profit and 2015 they posted $150 million profit.

eagle213273d ago (Edited 3273d ago )

The term they used was "dead"...and yeah they said that bankrupt bullsh$$$.... "they" are wrong.

Spyroo3273d ago

Nintendo doing well selling toys- I mean Amiibo and milking 30 yr old IP non stop since the NES.

Moonman3273d ago

Nintendo has been around since 1889. So a 30 year old IP is young for them. :)

The rate they are going, your kids...kids...kids will be playing Nintendo...lol

Segata3273d ago

80 new IPs since 2001.

Tobsesan3273d ago (Edited 3273d ago )

On the other side you have MS buying Linked in for 26 Billion, because why not?

GordonKnight3272d ago

Wish they would've spent some of that money on video companies.

babadivad3272d ago

If Nokia and Blackberry has shown us anything. That can evaporate in a f*cking hurry.

+ Show (5) more repliesLast reply 3272d ago
fitfox3273d ago

and they couldn't be bothered to spend a dime creating hardware thats up to snuff.

3273d ago Replies(3)
KentBenMei3273d ago

No, I'm pretty sure they spend at least a dime, but not a penny more lol.

Moonman3273d ago

a penny saved....shoo lol

Erik73573273d ago

Cause everyone buys a nintendo console to play gta 5

Kurdishcurse3273d ago

You know, graphical power doesnt just get used for graphics. That extra power could be used for gameplay mechanics, game engine design, art style enhancements, environmental density, complex combat and general world design.

Maybe if nintendo stopped using gimmicks like the failure that is the wiiu remote, they could stop being the current shipwreck of the industry. I mean the wiiu remote is stronger than the freakin vita...VITA!! Buying a wiiu is basically like buying a ps3 and a super vita.

Such a waste of creative potential. Imagine that power being integrated INSIDE the console...not outside (console design 101 dipshit nintendo). Eitherway the wiiu figures speak for themselves. Theres a reason its the worst selling console and the biggest financial flop in nintendo history.

AKR3272d ago

Two of their SIX consoles were underpowered. And even then, those systems are still more powerful than the consoles in the generation prior.

Try again.

miyamoto3272d ago (Edited 3272d ago )

Or fresh and creative AAA quality games for that matter
#barrengrasslands

+ Show (2) more repliesLast reply 3272d ago
3273d ago Replies(4)
KwietStorm_BLM3273d ago

Good. Use some it it to produce some hardware that isn't last year's model 2 years before it even releases. Then maybe the 3rd parties will come back.

Moonman3273d ago (Edited 3273d ago )

So where are Sony's fans. Vita? .....kidding.....

Do you understand that DS is in the same league with PS2? Wii in the same league with PS1? Not even PS3 or even PS4 could top 150 million...maybe not even 100 million. Those consoles are legendary numbers. It's a wonder Nintendo and Sony has had that type of success. Bow down! ;p

3DS is 60 million sold. That is on par with NES numbers. Original Game Boy numbers before later models released. Huge success!

CrimsonWing693273d ago

That's good so now it's ok that the NX will be as successful as the Wii U.

KentBenMei3273d ago (Edited 3273d ago )

Might be another Virtual Boy if their crazy new gimmick is bad enough. How did Nintendo go from top dog to class clown? How the mighty have fallen...

Moonman3273d ago

They never lost a handheld generation....if that is fallen.....then what is mighty?

Show all comments (83)
400°

Nintendo and Google get roped into Microsoft's FTC defense

Microsoft has now called on Nintendo and Google to aid in its fight with the FTC over its merger with Activision Blizzard.

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gamedeveloper.com
Jin_Sakai855d ago (Edited 855d ago )

I’m really starting to despise Microsoft and Xbox at this point. Might just sell the Series X and buy a Switch to compliment our PS5’s. Metroid, Zelda: TotK, and Pikmin 4 are just months away at this point.

Neonridr855d ago

PS5 + Switch is honestly the best combo.

Jin_Sakai855d ago

Agreed. Both have amazing first party games!

Orchard855d ago

SteamDeck + Switch.

Xbox and PS games are playable on SD.

badz149855d ago

@Orchard

why would you want to play the worst versions of PS5 and Xbox SX games? the only thing the SD runs better than the original is Switch games

Orchard855d ago

@badz SD plays most games well. But if it's not up to your standards, just get a PC. PC/SteamDeck + Switch.

855d ago
S2Killinit855d ago

PS5 and Switch is definitely the way to go.

Jin_Sakai854d ago

“The Nintendo switch is a kids play thing compared to steam deck. It pummels the switch into the ground.”

Not thanks. I enjoy Nintendo games and love the OLED display.

FinalFantasyFanatic854d ago (Edited 854d ago )

@Orchard,
Your still missing out on alot of PS games doing that, Personally I'd go PS + Switch, but I also have a PC, so for me it's PS + Switch + PC and that gets me almost every game.

One day I'll get a Steam Deck to compliment my PC library of games, maybe when Steam Deck 2 comes out.

854d ago
BehindTheRows854d ago

PS5 + Switch + PC. But, close enough :P

The Wood854d ago (Edited 854d ago )

orchard...are you bored in life. Do you love pantomime or wanna be the lead attorney for Microsoft if all you do is cap for the brand doing the least. No disrespect intended but have a child , wife or play golf or something because you presence is weird. Dont strike me mods..... dude cant stop

thorstein854d ago

Well said. And whatever Xbox "exclusive" that I want, I just get for my PC.

+ Show (9) more repliesLast reply 854d ago
XiNatsuDragnel855d ago

Honestly getting a switch and ps5 is a better combo imo.

Lifexline855d ago (Edited 855d ago )

Lmao who gets that mad at a company wow get some therapy step away from the internet this is affecting you way more then you realize. You guys can be comedy in this website thanks for that laugh

Obscure_Observer855d ago

"Lmao who gets that mad at a company wow get some therapy step away from the internet this is affecting you way more then you realize. You guys can be comedy in this website thanks for that laugh"

I´m still laughing! XD

343_Guilty_Spark855d ago

You despise it because of a court battle?

S2Killinit855d ago (Edited 855d ago )

Personally I share his sentiments, for what MS is doing to the industry.

Fu£k MS, seriously.

855d ago
Jin_Sakai854d ago (Edited 854d ago )

“You despise it because of a court battle?“

The fact they’re trying to gobble up the worlds largest 3rd party publisher add over 2 years waiting for system sellers.

MontyeKristo854d ago

S2K - What EXACTLY is MS doing to the industry that you despise so much? Please share your thoughts..

+ Show (1) more replyLast reply 854d ago
Orchard855d ago

You despise them because of a court case? Feels like an overreaction.

Flawlessmic855d ago

You despise Sony because of what? Great consoles and great game consistenly?

Seems ridiculous hating on the gaming company giving us the most.

Your sd+switch comment is a joke but hey, expect nothing less from you.

notachance855d ago

Honestly it’s kind of amazing how Phil managed to make people like orchard keep defending the console after 2 generations of mediocrity.

thesoftware730855d ago

Lol, I get it..but at this point, what are MS to do? Just sit back and let it be blocked?

Also, remember when other companies agreed with Sony, you didn't seem this perturbed.

porkChop855d ago

What? You're overreacting. This is how literally any court case works. Calling on competitors, witnesses, etc., is standard practice. It's called building a defense. The FTC have been doing the exact same in building their case by calling on Sony for example. You don't build a strong case by making unsubstantiated claims, you need witnesses or documents to back them up.

giovonni854d ago

I mean, it’s logic when it comes to any other company, but it’s an issue when MS does it (builds its case.) It’s way too many emotional comments with no real facts to back it up. Just cause a company says something doesn’t make it factual as specially in the court of law. After reviewing the evidence so far the FTC needs a stronger case.

PapaBop855d ago

If only they put this much effort into actually making their own games.

BehindTheRows854d ago

Exactly. Xbox cheerleaders can drive around this road block all they want, but nothing matters more than this! When they start releasing their OWN games, we can start to credit Microsoft with a contribution to accelerating our medium. Until then, they're simply making useless noise.

CobraKai855d ago

I got all 3 but most of my play time is between PlayStation and Switch…. Yeah MS needs all the help it can get.

JL2930855d ago

Who told you Metroid is months away?

Obscure_Observer855d ago

@Jin_Sakai

"I’m really starting to despise Microsoft and Xbox at this point. Might just sell the Series X and buy a Switch to compliment our PS5’s. Metroid, Zelda: TotK, and Pikmin 4 are just months away at this point."

Finally! Do it! Bookmarked!

NotoriousWhiz854d ago (Edited 854d ago )

You can hate the CEO / leadership without hating the product. Don't let company politics ruin your enjoyment of a product.

Also, Switch is great. If you don't have one, I can highly recommend it, even with reduced performance compared to the current gen consoles.

BehindTheRows854d ago

I agree with your sentiment, but they go hand-in-hand. Once a company leaves a bad taste in your mouth, you aren't going to desire their products (or may desire them much less than before). And he clearly isn't alone. Xbox's numbers are down all around. That tells me what the public thinks.

In 2023, they have their work cut out for them. If nothing changes, they will eventually fall into obscurity with Nintendo and Sony continuing to truck along doing what they have for over 25 years — providing experiences you cannot get elsewhere. The multitrillion dollar company could learn a thing or two from those mere mortals.

854d ago
Focus40854d ago

Did Microsoft touch down there

RNTody854d ago

My combo is PC and PS5. Switch Games are amazing but Nintendo's infrastructure and marketplace puts me off. Decade old games still go for full price and hardly have specials.

MontyeKristo854d ago

You just now despise MS and Xbox? Bro, who you lying to - you been hating on MS and Xbox for yeeeeeeears.

Your mad because the are attempting to buy a company and are calling in people/companies that could possibly aid them in doing so? If the FTC and the UK's counterpart are fighting it - should they just be "okay, okay, you win!" Nah, that's stupid.

Y'all mad for what reason? They are trying to build a bigger better brand and y'all mad. Not like MS and Sony don't own near the same amount of studios, now. It's been lopsided for years but you've never complained or cried foul when Sony was buying up companies/studios.

Get over yourself.

+ Show (13) more repliesLast reply 854d ago
LOGICWINS855d ago

This is crazy. I can't believe MS dragged Ninty into this drama 😆

PureBlood855d ago

Hopefully they tell them to bugger off!

MEGANE854d ago

This is what nintendo gets for back stabbing Sony, by entertaining MS stupid offers instead of siding with Sony help them, o well, at this point Nintendo seems to be the more stable of the 3 companies, and they compite with no one at the moment.

jonny897855d ago

Sure, the company whose Play Store revenue you want to diminish will certainly help you in acquiring Candy Crush and COD Mobile.

Orchard855d ago (Edited 855d ago )

How will this acquisition have an impact on Googles Android store revenue?

And how are MS trying to diminish their store revenue today? Microsoft even sell devices that run Android and have the Play Store as their marketplace…

Orchard855d ago

I did. I couldn't find any mention of Microsoft planning to pull COD mobile and Candy Crash from the Android Play Store.

Hofstaderman855d ago

Not to mention MS has been a proxy agent in the Apple VS Google saga. So don’t be surprised if MS is banking on that. Slimeballs

Thundercat77855d ago

Wow.... Microsoft is out of control over this matter. I can't help but wonder how many people are they bribing to get this?

badz149855d ago

Maybe we will get news that Nintendo and Google both claim MS approach as harassment too after this.

FinalFantasyFanatic854d ago

I smell an incredible amount of desperation on Microsoft's part, it's getting to the point where the desperation is disgusting.

XiNatsuDragnel855d ago

Microsoft just stop dragging companies into your own mess if you did to them like you did Sony imo you need to give it up with performance Data. Also isn't Google against Microsoft?

lodossrage855d ago

They are, and they'll probably fight the subpoena just like Sony did.

blackblades855d ago

"Google and NoA requested extensions to the deadline to limit or kill their respective subpoenas"

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290°

10 Things Everyone Chooses To Ignore About Nintendo

Nintendo have done some really questionable things in the past, and it's time someone exposed their not-so-family-friendly past.

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thegamer.com
Spenok2008d ago

This is a really bad list.... but only because the title sucks and is so all encompassing. If it pointed out that the FANBOYS choose to ignore these things, than sure. But otherwise, these things are well known and documented.

rainslacker2007d ago

Some of the things are really dumb. Especially the connection to the Yakuza. Their reasons are completely baseless, and really idiotic.

2007d ago Replies(3)
King_Noctis2007d ago (Edited 2007d ago )

“ Once Upon A Time, Nintendo Made Erotic Playing Cards”

“ Nintendo Ran A Love Hotel”

“ Nintendo Was Associated With Gangsters”

“ They Once Had A Cartoon That Was Awful”

Wtf? Those aren’t even gaming related. At this point this dumb site is as bad as GamingBolt, if not worst.

“ They Charge People To Play Classic Games”

In what world do you get to play classic games for free on other console? 🤦‍♂️

2007d ago
rainslacker2007d ago

i used to like the Mario cartoon. On friday's they'd have the Zelda cartoon.

The yakuza connection was that the Yakuza preferred Nintendo playing cards, and Nintendo did nothing to stop them from buying them...because that's what Nintendo should do for some reason. I'd say most gamers don't realize that nintendo didn't start with computer games. "Love Hotels" aren't illegal, anywhere. Unless they were providing escorts, I don't see the problem.

And the last one, yeah, everyone charges for that. No one gives their stuff away for free just because it's old.

Tross2007d ago (Edited 2007d ago )

Yeah, I'd love for a free service like VC, but I'm willing to pay for the actual games.

2007d ago
tontontam02007d ago

I did not ignore those, I chose to ACCEPT.

Show all comments (43)
60°

Nintendo axes debut mobile game Miitomo

Nintendo has announced the closure of Miitomo, which it launched in 2016 as its first foray into smartphone gaming.