Beijing time between August 28, recently Japanese media published a Riskmonster for Japanese companies “richest” list. Among them, Nintendo ranked first with a net cash value of 890.4 billion yen , while Sony ranked 20th.
Which Japanese company has the most money? Nintendo is number one in the world
In this ranking, the statistical time is as of July 14, 2020, and the company’s April 2019 financial report is the benchmark, and the ranking is based on the company’s net cash value. The company’s net cash value mainly measures the company’s cash reserves, which has no direct relationship with the company’s operating conditions. However, companies with stronger cash reserves have more room for investment.
Prior to this, Nintendo released its financial report for the first quarter of fiscal 2021. According to the financial report, thanks to the “Assembly! With the excellent performance of “Animal Crossing Friends”, Nintendo’s turnover in this quarter reached 358.1 billion yen, an increase of 108.1% year-on-year; operating profit was 144.7 billion yen, an increase of 427.7% year-on-year.