In a new financial results meeting, company president Shuntaro Furukawa noted Nintendo won’t pursue acquisitions as the company will focus on growing organically instead.

“Our brand was built upon products crafted with dedication by our employees, and having a large number of people who don’t possess Nintendo DNA in our group would not be a plus to the company,” he said (via Bloomberg).

The comments that Nintendo won’t pursue acquisitions further echo previous comments Furukawa made prior, where he noted they’re focused on furthering Nintendo’s creative culture, but he wouldn’t deny outright they are dismissing further buyouts.

Since then two massive acquisitions have been announced – Microsoft buying Activision Blizzard for nearly $70 billion and Sony buying Bungie for $3.6 billion. Fans immediately began to speculate if Nintendo would follow suit and start buying up third parties as well.

Another curious acquisition was Rockstar parent company Take-Two buying smartphone gaming behemoth Zynga, for a $12.7 billion deal. Clearly big publishers are in an arms race to acquire as many developers and/or IPs to further round out their yearly releases.

Nintendo’s most recent acquisition was Luigi’s Mansion 3 developer Next Level Games – their first buyout in more than a decade. If history is any indication, Nintendo’s next acquisition won’t come anytime soon and it’ll likely be a developer that made their bones on producing games based on existing Nintendo IP.

Despite ongoing chip shortages and supply chain issues, Nintendo’s flagship console the Switch has been selling consistently and they’ve taken that success to re-invest it back into their games development. Their recent investment was a whopping $880 million back into their games development.