Nintendo Reports Record Full-Year Profits

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Image: Nintendo

Nintendo published its full-year earnings last week, which revealed unprecedented sales numbers. Aside from a staggering 34.4 percent YOY increase, the largest gain since FY 2008/2009, its operating profit was the highest the company has ever seen. It has provided a $9.2 billion “war chest” that will be used for investing in technological innovation. There is some bad news, however, as the company expects a significant drop in sales for the coming fiscal years amid chip shortages and other factors.

We need to secure cash reserves to ensure financial stability, but if we need to respond to rapidly advancing technological innovation, we may acquire companies that possess the technology.

Sources: VGC (1, 2), Nikkei

Peter Brosdahl
As a child of the 70’s I was part of the many who became enthralled by the video arcade invasion of the 1980’s. Saving money from various odd jobs I purchased my first computer from a friend of my dad, a used Atari 400, around 1982. Eventually it would end up being a lifelong passion of upgrading and modifying equipment that, of course, led into a career in IT support.

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