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I don't get where websites keep pulling this $8.6 billion figure from.

http://www.marketwatch.com/investing/stock/ntdoy/financials/balance-sheet

Cash only - ¥478.76 billion

~ $4.7 billion by my count.  Unless they've made $4 billion somewhere in the past 12 months that I'm not aware of.

Also, they have liabilities.  Pretty much every company does.  In Nintendo's case, they do indeed seem to be very low, though.

Anyway, all this is very interesting since I'm studying business law at the moment.  Buy back of shares, not a bad choice really, especially if they can afford it.