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Forums - Sony Discussion - Sony Computer Entertainment Sells All its Square Enix Shares for 4.8 Billion Yen

Aielyn said:
Carl2291 said:
I was talking from my own selfish point of view as a PlayStation gamer

But even from that perspective, it's wrong. That money they got in dividends? It most likely went to either directly fund video game development, or to marketing that would drive further sales of games on the system, which would have helped to further bolster various franchises.

okay...japanese companies are horrible at paying dividends. There is no pressure from japanese investors to pay dividends and they tend to horde cash instead.  If what they wanted was dividends they would invest in a company that is stable and pays high dividends.  They invested in a crappy company that pays low and extremely inconsistant dividends and has also lost half of its value since they bought it. 



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

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google SMBC Nikko Securities to see why this is a smart move by Sony.



CPU: Ryzen 7950X
GPU: MSI 4090 SUPRIM X 24G
Motherboard: MSI MEG X670E GODLIKE
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SSD: Kingston FURY Renegade 4TB
Gaming Console: PLAYSTATION 5

Sony should have sold those shares years ago, but now is better than later, I guess.



Aielyn said:
Carl2291 said:
Nothing at all worthwhile came from it anyway, so nothing of importance was lost.

It amazes me how many gamers apparently think like this.

You do realise that Sony is a big company, and that their purchase of shares at 8% is an investment, not a matter of control or influence, right? That Sony gets dividends from any SE profit?

Between 2004 and 2010, SE was making strong profit, from what I can see. It was only from 2011 that everything fell apart.

I don't know how much SE was paying in dividends, but if you assume 20 billion yen per year profit, and, say, 25% of that was paid in dividends (known as the dividend payout ratio - and 25% is low even by modern standards), with 18.6% stake held (from that old article), then Sony would have gotten 930 million yen per year in dividends from SE, for a total over the years between 2004 and 2010 of 6.5 billion yen. Not a bad return over 7 years on a 14.9 billion yen investment (it's roughly a return of 6.2% per annum).

Good news and bad news.

SE's Dividend Ratio aims for 30%.

That said 18.6% is high Sony only holds about 8.25% of the company.

The 18.6% stock was I believe from Square before it merged with Enix.  Plus Sony sold some stock off earlier.

 

Also, looking at your graph, it looks more like ~18 Million in profit to me.

 

All in all it's a weird time to sell.  What with Square Enix dropping pretty steadily.   Seems like it'd be a time you'd hold on.



Jizz_Beard_thePirate said:

Man, sony is selling everything this year aren't they? Least they are making money

Yeh I've heard they're selling tons of PS4s :d



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Square: FF15 won't be exclusive, and we have lost our jrpg touch..
Sony: Peace.



CPU: Ryzen 7950X
GPU: MSI 4090 SUPRIM X 24G
Motherboard: MSI MEG X670E GODLIKE
RAM: CORSAIR DOMINATOR PLATINUM 32GB DDR5
SSD: Kingston FURY Renegade 4TB
Gaming Console: PLAYSTATION 5
Sal.Paradise said:
Jizz_Beard_thePirate said:

Man, sony is selling everything this year aren't they? Least they are making money

Yeh I've heard they're selling tons of PS4s :d

Was so tempted to make a joke along these lines.

No offence, but mine was going to be better.



brendude13 said:
Sal.Paradise said:
Jizz_Beard_thePirate said:

Man, sony is selling everything this year aren't they? Least they are making money

Yeh I've heard they're selling tons of PS4s :d

Was so tempted to make a joke along these lines.

No offence, but mine was going to be better.

Go on then! Warning, if it uses the word 'doom' sarcastically I'll deduct 10 points (of a possible 11).



Sal.Paradise said:
brendude13 said:

Was so tempted to make a joke along these lines.

No offence, but mine was going to be better.

Go on then! Warning, if it uses the word 'doom' sarcastically I'll deduct 10 points (of a possible 11).

Ugh. Now you've put me on the spot.



Sony is closing shop next month, Yosh will sell his tie and when the last PS4 they built is sold right before E3, they will close shop for good as all their assets will have been dissolved by this point... thus everyone should stop buying PS4s to save Sony!