Nintendo is Doomed?

[Ninjahound101]

Kresnik said:

burninmylight said:
http://www.nintendolife.com/news/2012/03/nintendo_reportedly_has_8128_billion_yen_in_the_bank

Chill

Not making any comment on whether Nintendo is doomed (actually I will - they're not), but people keep posting this article like it's current and it isn't.

If you look at this financial result page which I think is a year out of date right now:

http://www.nintendo.co.jp/ir/en/library/events/120427summary/index.html

Scroll to halfway down, it says:

B. The balance of cash and deposits on the consolidated balance sheets

	As of Mar. 31, 2011	As of Mar. 31, 2012
Cash and Deposits	812.8 billion yen	462.0 billion yen

They had 812.8 billion yen in the bank.  That dropped by nearly 50% the following year (mostly not from losses - mainly from assets bought).

I have no idea how much they've got at the moment.  Better asking Kowenicki or something like that.

Assetsand cashare at 1.4 trillion yen

casisprobably at500 billion yen