Paon Corporation, Ltd. was first established on 20 January 1999 by Rikiya Nakagawa. Paon big progress at the time when Nintendo started giving license permission to lthem to use kpada Donkey Kong Series. From there, they began working on major projects such as the fifth series Hercules no Eiko series. At the time of Data East companies go bankrupt, Paon with the license purchase of part of their game results, including the entire series Hercules no Eiko series itself. Finally, they also got involved with the Nintendo penggarapan in Super Smash Bros.