While waiting for the Nintendo Switch 2, Nintendo is the richest Japanese company

© Unsplash/Antonio Manaligod

Nintendo fans are impatiently awaiting the release of the Japanese giant's new video game console. For the moment, the company is being rather discreet on this subject.

While rumors suggested that the Nintendo Switch 2 could be released before the end of this year, yet another rumor has just dashed the hopes of gamers. Indeed, the Nintendo Switch 2 would not be released before the first quarter of 2025 according to new rumors. Enough to alienate fans and shareholders. Nintendo's share price on the Tokyo Stock Exchange is plummeting and experts agree that 2024 will not be a very good year for the giant.

Yet , the Japanese company has just broken a new record. According to the Toyo Keizai Group, which is known for its business magazines and its research institute specializing in the world of business and economics, Nintendo is officially the richest Japanese company.

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Richer than ever

With the Nintendo Switch in 2017, the Japanese giant was able to “shut down” many detractors who were already enthusiastic about the idea of ​​burying it. This was without counting on its new games console, half home console and half portable console, which immediately won over players around the world. Although, almost seven years after its release, sales of the Nintendo Switch are no longer good, the company nevertheless has good news to celebrate.

Toyo Keizai analyzed numerous Japanese companies and ranked them based on their effective wealth and debts, without taking into account revenue or market capitalization. With nearly 11 billion euros, Nintendo is at the top of the ranking. Other Japanese companies are following closely, such as Subaru. But you have to go down to 25th position to find another game developer in this ranking, Bandai Namco. Note that Nintendo achieves this feat by displaying no debt.

But Nintendo has an interest in redressing the situation quickly. The absence of an official announcement concerning its future games console worries shareholders and fans. As this ranking demonstrates, the Japanese giant is far from being in a delicate position. But he shouldn't take advantage of it too much, otherwise the situation will become complicated. The Nintendo Direct which will take place next week, on Wednesday February 21, 2024, could nevertheless reassure fans and investors.

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