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Sony only ranked fourth? Japan’s most expensive company is actually it
In Japan, many people might immediately think of Sony when asked which company is the most expensive. However, recent reports from Japanese media have revealed a surprising twist using a unique calculation method called "net cash." According to this approach, Nintendo has emerged as the most profitable company in Japan, surpassing Sony, which now ranks fourth.
The net cash method takes into account a company's bank deposits and short-term securities, minus its interest-bearing liabilities. Nintendo currently holds an impressive net cash balance of 894 billion yen (approximately 56.7 billion yuan). This strong financial position is largely attributed to the success of the Nintendo Switch, which was launched earlier this year.
Over the past nine months, the Switch has consistently topped the gaming console market. Its performance during Black Friday was particularly impressive, with the console becoming the best-selling product on Amazon in Japan. This success has not only boosted Nintendo’s revenue but also solidified its position in the global gaming industry.
With popular franchises like "Super Mario" and "The Legend of Zelda" continuing to drive demand, it's likely that the Switch will remain a top seller for years to come. Nintendo's strategic focus on both hardware and software has allowed it to maintain a strong foothold in the competitive gaming sector. As more games are released and new titles are announced, the company is well-positioned to capitalize on its current momentum.