May 3, 2024

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Japan's richest company is suffering its biggest annual stock market decline for a console that anyone has ever seen

Japan's richest company is suffering its biggest annual stock market decline for a console that anyone has ever seen

Nintendo is the richest company in Japan. Even after its biggest drop in a year, it is still at its highest value.

Over the past weekend, several major rumors claimed that Nintendo delayed the Switch 2's internal launch until 2025. Successor to Nintendo Switch It will take a little longer than expected, and that has had an impact on investors. the Nintendo stock I registered Its largest decline in the past yearAnd all because of rumours.

A predictable situation, given that The company's market value has not stopped growing In Japanese markets last month. Shareholder confidence has been achieved in the upcoming announcement scheduled for this year They invested before the Nintendo Switch 2 came out To the world to benefit from the rise that this supply may cause.

This decline was observed with the opening of markets in Japan. Nintendo stock is gone 8874 yen (approximately 55 euros) at a price Minimum 8287 yen (approximately 51 euros) after the markets open. a 6.7% decrease Which marks the biggest decline in the past 12 months, although it also comes from an unusual high.

In fact, this decline is not a problem for the Japanese. At its current value Nintendo's stock price is still higher than it was in the Wii daysWhich indicates that he is in exceptional condition. Not in vain, it is about The richest company in all of Japan.

Nintendo: The video game company without debt

Nintendo Switch sales

Japanese publication Toyo KizaiSpecializing in politics, economics and business, she recently published a report on the richest companies in Japan. It was a huge surprise when he discovered this Nintendo is the richest company From Japanese territory, with Liquidity of $11 billion monetary.

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A surprising number, coupled with another, even more revealing fact: that Big N lacks debt in Japan. It is located much higher Bandai Namco (25th place), Square Enix (38th place), Konami (50th place) or even Sega (64th place). Which explains why, despite this drop in stock, House Mario has all the peace of mind in the world to develop plans for its new generation in its own time.

Part of this situation is due not only to that Software and hardware sales business. Nintendo is working on The expansion strategy focused on its intellectual property. Thus, we can see it present in different Super Nintendo World parks Which is opening in different parts of the world, in cinemas Super Mario Bros movie And the next Zelda is aliveAnd on many other fronts it is poised for growth.

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