Which is the most expensive company in Japan? It is estimated that many of my friends’ answers will be Sony. However, in recent days, Japanese media have used an unusual method, net cash, to calculate that the most profitable company in Japan is Nintendo. And Sony can only be ranked fourth.
It is understood that the so-called net cash method is derived from bank deposits and the sum of the securities held in the short term minus liabilities with interest. Nintendo’s current net cash is as high as 894 billion yen (about 56.7 billion yuan), mainly due to the Switch game that was released earlier this year.
In almost nine months, Switch’s sales remained stable at the top of the game console category, especially in the “Black Friday†Switch that had just passed and even became the best-selling Amazon product in the nation’s online sales. It can be said that Switch has already made Nintendo pour full, and as the "Mario" series and "The Legend of Zelda" continue to heat, maybe the hot sales of Switch will continue for a long time.
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