“The launch of NX is not the only project which requires funds, and we want to prioritize using it on projects that make use of our IP.”
☆ NintendObs Event – Nintendo FY3/2016 Q&A.
Question:
Please tell us about your approach to on-hand cash management. I recall that before the Wii U launch, former President Iwata could not exactly indicate how much of funds is considered as surplus funds for Nintendo. After that, a lot of new business strategies were disclosed, and I would like to know how the need to have funds on-hand is being considered as the future of the company is becoming more visible in a lot of areas, including NX.
Answer:
Kimishima:
Concerning our thoughts about the need for funds, as we get the business running smoothly and increase cash inflows, I think that we need to think very seriously about whether we are building on that progress.
That is our approach to money balance. Right now we are proceeding with many projects that make use of our IP, and in those plans there are several projects that will require funds, so we want to use funds for those purposes first. The launch of NX is not the only project which requires funds, and we want to prioritize using it on projects that make use of our IP.
— Financial Results Briefing for Fiscal Year Ended March 2016
Source: Nintendo JP.
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