Steak dinners are on Satoru Iwata
It's well known that Nintendo is set to announce losses for this financial year, with its latest projections from earlier this year predicting a loss of 45,000 million Yen. While that may seem like a grim statistic, a feature in UK magazine Nintendo Gamer has sifted through Nintendo's bank accounts and found an extraordinary nest egg, details below.
Buried in reams of financial data is the revelation that Nintendo have 812.8 billion Yen (£6.7/$10.5 billion) in the bank - enough for it to take a 20 billion Yen loss (£163/$257 million) every year until 2052. Then there's almost 469 billion Yen (£3.8/$6.0 billion) held in premises, equipment and investments. When that runs out - we're in the year 2075 by this point - they've got some of the most valuable intellectual property in gaming to sell off before the company goes out of business.
That 10.5 billion dollar contains my 1080$.(