NINTENDO REVEALED AS JAPAN'S RICHEST COMPANY

Nintendo has been reported as Japan's richest company with a net worth of approximately 10.6 billion euros and no outstanding debts. The ranking is based on a list published by Toyo Keizai, a Japanese economic magazine. Despite other major corporations in the gaming industry such as Sony having significant debts, Nintendo stands out for its financial stability. Other notable gaming companies on the list include Bandai Namco, Square Enix, Konami, Sega, and Capcom. Nintendo's success is largely attributed to the popular hybrid Switch console, and while rumors suggest a new console successor might launch next year, Nintendo's stocks remain at a historic high. Moreover, Nintendo has announced a new Nintendo Direct Partner Showcase featuring 25 minutes of games for the Switch from various publishers and developers, and a Pokémon Presents scheduled for broadcast.

Nintendo's net worth is around 10.6 billion euros, and it's considered the richest company in Japan due to its considerable cash reserves and the absence of any outstanding debts. Their fiscal prudence and the continuous success of the Switch console contribute to their strong economic position.

With its foundation dating back to 1889, Nintendo started as a playing card company and has since evolved into one of the most influential video game companies globally. Known for iconic franchises such as "The Legend of Zelda," "Super Mario," and "Pokémon," the company's Switch console has been a best-seller since its release in 2017. The hybrid nature of the Switch, functioning as both a home console and a portable device, has played a significant role in its market success.