Nintendo Says It Could Buy More Companies

"As part of Nintendo's latest earnings briefing, the company said it is open to spending some of its cash reserves on a variety of business functions, including buying game developers. Nintendo said it wants to spend money to invest in strengthening its game development pipeline, and this includes acquiring companies to make them subsidiaries. Nintendo historically does not buy many companies, but it's something the company would consider under the right conditions."

"Beyond buying companies outright, Nintendo said it will use some of its money to fund internal development and expansion, including through the construction of a second building at its corporate headquarters in Japan. In 2022, Nintendo spent $32 million to buy land in Kyoto to build a new office that is scheduled to open by December 2027. Additionally, Nintendo said it will spend more money on "opportunities that have an affinity with our game business," and that includes making more movies."

"Nintendo did not name any specific acquisition targets. Some of the companies that Nintendo has acquired in the past 10 years have included Shiver, Dynamo Pictures, SRD, and Next Level Games. In other news, Nintendo just announced that the Switch 2 has sold more than 10 million units and has become the fastest-selling Nintendo platform of all time over its first four months. The original Switch, meanwhile, is still putting up solid numbers."

Nintendo plans to allocate cash reserves toward strengthening its game development pipeline, including potential acquisitions to make companies subsidiaries. The company remains selective about purchases but will consider deals under suitable conditions. Nintendo will fund internal development and expand facilities, including constructing a second building at its headquarters and building a new office on land bought in Kyoto in 2022 scheduled to open by December 2027. Nintendo will also invest in ventures related to its game business, including producing more films. Hardware momentum continues as the Switch 2 has sold over 10 million units and is the fastest-selling Nintendo platform.

Read at GameSpot