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Nintendo Becomes The Richest Company In Japan

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There’s no doubt that 2017 has been a phenomenal year for Nintendo, the company released two consoles alongside exclusive titles making Nintendo a hot topic throughout the year. A month or so back we reported that Nintendo’s stock price actually overtook entertainment company giant Sony.

‘Industry analyst Serkan Toto, says that this is due to the current market capitalization of Sony which stands at USD46.3 million, while Nintendo’s market capitalization is 9 million dollars higher than Sony, at USD54.6 million.’

Now it seems that Nintendo has become the business winner of the year, leading Japanese business magazine Toyo Keizai has ranked the richest 500 companies in Japan, with Nintendo coming out on top of the list.

Nintendo has been building up its empire over the past couple of years with its innovative console design and in-house studio/publisher business. While the Wii-U may have proved to be a failure to some, it did pave the way for the release for the ridiculously well performing Nintendo Switch. Not to mention the most recently Mario Odyssey which sold 2 million copies in the first three days as well as The Legend of Zelda: Breath of The Wild which continues to perform.

GR

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