President discusses plans for company’s $9.
President Shuntaro Furukawa discussed the company’s plans for its ¥1 trillion ($9.2 billion) war chest during a press conference following Thursday’s publication of its full-year earnings results.
“We need to secure cash reserves to ensure financial stability, but if we need to respond to rapidly advancing technological innovation, we may acquire companies that possess the technology,” he said (via Nikkei, paywall).
Furukawa said in February that simply increasing the size of Nintendo’s development teams through acquisitions would not be prudent as it wouldn’t necessarily result in a higher quality games line-up.
He told Nikkei (paywall) that the company’s approach to M&A is based on whether potential targets can “improve the value of entertainment that Nintendo provides”.