  The X-ray spectrum of the nearest ultraluminous X-ray source, M33 X-8,
obtained by Suzaku during 2010 January 11 -- 13, was closely analyzed to
examine its nature. It is, by far, the only data with the highest signal
statistic in 0.4 -- 10 keV range. Despite being able to reproduce the X-ray
spectrum, Comptonization of the disk photons failed to give a physically
meaningful solution. A modified version of the multi-color disk model, in which
the dependence of the disk temperature on the radius is described as r^(-p)
with p being a free parameter, can also approximate the spectrum. From this
model, the innermost disk temperature and bolometric luminosity were obtained
as T_in = 2.00-0.05+0.06 keV and L_disk = 1.36 x 10^39 (cos i)^(-1) ergs/s,
respectively, where i is the disk inclination. A small temperature gradient of
p = 0.535-0.005+0.004, together with the high disk temperature, is regarded as
the signatures of the slim accretion disk model, suggesting that M33 X-8 was
accreting at high mass accretion rate. With a correction factor for the slim
disk taken into account, the innermost disk radius, R_in =81.9-6.5+5.9 (cos
i)^(-0.5) km, corresponds to the black hole mass of M \sim 10 M_sun (cos
i)^(-0.5). Accordingly, the bolometric disk luminosity is estimated to be about
80 (cos i)^(-0.5)% of the Eddington limit. A numerically calculated slim disk
spectrum was found to reach a similar result. Thus, the extremely
super-Eddington luminosity is not required to explain the nature of M33 X-8.
This conclusion is utilized to argue for the existence of intermediate mass
black holes with M > 100 M_sun radiating at the sub/trans-Eddington luminosity,
among ultraluminous X-ray sources with L_disk > 10^(40) ergs/s.
