Nintendo is currently Japan's richest company

If there’s one thing Nintendo fans know, it’s that company is always doomed. No matter what is going on with Nintendo, someone out there is predicting their demise. Things have been that way ever since the late SNES days, with the statement becoming an undying meme for Nintendo fans the world over. You’d think with so much evidence to the contrary the “Nintendo is doomed” sentiment would die out, but we have no doubt it’ll live on even in the face of today’s revelation.

According to Toyo Keizai, a book and magazine publisher specializing in economics and business, Nintendo is currently the richest company in Japan. Toyo Keizai puts Nintendo at having over $11 billion in cash, a number that has been boosted quite significantly in recent years due to the Switch’s long-running success and the Super Mario Bros. Movie’s box office domination.

One thing that makes Nintendo’s windfall even more impressive is the fact that the company has zero debt. For the purposes of their report, Toyo Keizai measured various companies by subtracting out debt, and since Nintendo doesn’t have any, they secured the top spot. There are other Japanese companies that are indeed “richer,” but with debt, cash and cash equivalent aspects measured, it paved the way for Nintendo to come out on top.

This is practically unheard of in the entertainment sector in general, and even more rare in the game industry specifically. Nintendo may have had hits and misses over the years, but they’ve more than proven their business savvy in keeping the ship afloat no matter what lies ahead.