Quantcast
Nintendo Tops Toyo Keizai's List Of Japan's Richest Companies

Forums - Nintendo Discussion - Nintendo Tops Toyo Keizai's List Of Japan's Richest Companies

COKTOE said:
Ljink96 said:

That's revenue, not profit buddy. They generate more but that doesn't necessarily mean it profits more. And this will indeed be a moot point by next year when Nintendo is charging for online just like Sony has been doing. But I don't even think this thread is about that, Nintendo is worth more than Sony, it has been that way for a few years now. So "making money" in the case that matters is the money that goes back into your pocket. 

You should contact all the sites that ran these stories from 2016 and 2017 and have them correct their headlines.

https://www.google.ca/search?q=psn+makes+more+than+all+of+nintendo&rlz=1C1NHXL_enCA684CA684&oq=ps&aqs=chrome.4.69i60j69i59j69i60l2j69i59j69i65.2504j0j7&sourceid=chrome&ie=UTF-8

Unfortunately, most media outlet writers are not well versed on the difference between revenue and profit and often use profit to mean either.  You'll see this across all business landscapes.  I'm not saying they are all wrong just they tend to mix up the terminology a lot.  Even big media sites often get the terms wrong.

It's best to pull up their financial reports and check them yourself. 



Massimus - "Trump already has democrat support."

Around the Network

Yes let's look at what this is and not just say Nintendo is the biggest and best immediately!
As some people have pointed out this is cash holdings ONLY. Do companies like Toyota and Sony have way more assets - YES- but that is not liquid cash. Nevertheless Toyota and Sony are much bigger through sheer size of capital and stock value.

Also why is Nintendo holding so much cash!?
Any business or accounting undergrad would tell you that it behooves a business to INVEST the cash instead of having it sit and not work for you. Every Yen not being put into Fzero 3d or SSB Frenzy is not helping the company earn money. For example we know what happens when Nintendo sits back and doesnt make games for a system no matter how bad it is:-/

it's probably just in case they had to pay off a mediocre Switch launch



This is a strange ranking. Generally speaking, the significance of companies is not based upon their cash on hand. In fact, sitting on a ton of cash can, in some cases, mean the company is doing something wrong. Businesses exist to create value for shareholders. Sitting on giant piles of cash is not a very good way to do that.



Shadowcat said:
Yes let's look at what this is and not just say Nintendo is the biggest and best immediately!
As some people have pointed out this is cash holdings ONLY. Do companies like Toyota and Sony have way more assets - YES- but that is not liquid cash. Nevertheless Toyota and Sony are much bigger through sheer size of capital and stock value.

Also why is Nintendo holding so much cash!?
Any business or accounting undergrad would tell you that it behooves a business to INVEST the cash instead of having it sit and not work for you. Every Yen not being put into Fzero 3d or SSB Frenzy is not helping the company earn money. For example we know what happens when Nintendo sits back and doesnt make games for a system no matter how bad it is:-/

it's probably just in case they had to pay off a mediocre Switch launch

Nintendo few time said they are always looking to have big cash reserve, that's basically from Yamauchi time. Also Nintendo never had any debt and had only 2-3 years of loss in their entire history that.



Something smells fishy, Last year profits

Toyota ¥2310 billion (2016)
Nintendo ¥102 billion (2016)

from a 2017 article

Japan's Toyota Motor has always been known for squirreling away cash. But these days the automaker --nicknamed "Toyota Bank" for its $153 billion of reserves

https://asia.nikkei.com/Business/Companies/Asia-s-multinationals-are-hoarding-cash-like-never-before

$513 billion = ¥17122 billion

17122 is greater than 946, therefore we can conclude the above article is pure BS



Around the Network
abroZ said:
So much for Nintendo going software only

Figured this comment was coming.

Switching your business ventures is not dependent on how much assets you have, but how much you are making selling a particular product. Even if Nintendo was the richest company on the planet, if all they ever earned was 1 dollar per console generation, they'd still remain the richest companies on the planet. But eventually they would start investing in something that brings them more growth than just breaking even.

Your comment is suggesting is that Nintendo's wealth determines whether they decide to go software only or not. That's not the case. It's the return on their investment.
Now obviously things are starting off really well for Switch. It's just a common misconception that Nintendo have to be losing money or be in financial trouble for them to consider changing up their company.

Last edited by Hiku - on 29 November 2017

Hiku said:
abroZ said:
So much for Nintendo going software only

Figured this comment was coming.

Switching your business ventures is not dependent on how much assets you have, but how much you are making selling a particular product. Even if Nintendo was the richest company on the planet, if all they ever earned was 1 dollar per console generation, they'd still remain the richest companies on the planet. But eventually they would start investing in something that brings them more growth than just breaking even.

Your comment is suggesting is that Nintendo's wealth determines whether they decide to go software only or not. That's not the case. It's the return on their investment.
Now obviously things are starting off really well for Switch. It's just a common misconception that Nintendo have to be losing money or be in financial trouble for them to consider changing up their company.

You're putting too much weight in my comment. 

My intention was only to silence those people who are constantly bashing Nintendo. They are doing great, and they will be around (as a hardware manufacturer) for years to come. They are essential to this industry and I wish them all the luck. 



Think for yourself, question authority

pokoko said: 

There really isn't much value in comparing Sony and Nintendo.

Oh, pokoko, but there most certainly is. This thread is evidence of that.



Carl is a Piplup hater and deserves to be punished eternally.