'Super Mario' performs at the Nintendo exhibit during the Annual Gaming Industry Conference E3 at the Los Angeles Convention Center on June 16, 2015 in Los Angeles, California. (Photo : Getty Images/ Christian Petersen)
The creator of Super Mario Bros Nintendo is diversifying into other business ventures. In its recent announcement, Nintendo rectified its Articles of Incorporation to include new businesses, including IP licensing, medicine equipments and restaurants.
Nintendo's new business will be formally introduced in its next official charter in June, where it will include other industries that are far different from the gaming software it was well known for. In an official statement, Nintendo claimed that it is planning to invest on restaurants, medical and health devices, and computer software.
It was not the first time for Nintendo to invest in the healthcare industry. In fact, it introduced its Quality of Life brand in the early 2000s to cater health devices. Nintendo's Wii Vitality Sensor that was launched by late Japan president Satoru Iwata to monitor heart rate didn't make it commercially.
Some of the Quality of Life products, including the Wii Balance Board and the Wii U Fit Meter, however, reached the consumers. Nintendo's new business such as licensing its IP address is also seen as another hope for the firm.
There were also talks if Nintendo's video games such as "The Legend of Zelda" and "Metroid" would be made as a movie franchise could help the company generate big revenues. It is also not impossible for Nintendo to branch out into the restaurant business as the company could make a different company under its hood.
The new articles would take effect on June 29, which coincides with Nintendo's 76th annual General Meeting of Shareholders. In other news, apart from the mentioned, Nintendo's new business will include the building of a theme park in Japan. The project is set to be finished in 2020, Engadget revealed.
For some people wondering why Nintendo is expanding other boundaries, it was revealed in its latest earnings report that the company lost almost 40 percent in profits. Nintendo is earning, however, its game sales have been slow in the recent years.
Check out Nintendo's other planned ventures into movies:
