Nintendo market cap hits 5tn yen.

Oneeee-Chan!!!

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Oneeee-Chan!!! on 23 June 2017

TOKYO -- Nintendo's market capitalization reached 5 trillion yen ($45.2 billion) for the first time in eight years and five months at the market's close Thursday, thanks to foreign and domestic bullishness on its game business.

The surge lifted the Kyoto-based company above Mizuho Financial Group to the 15th-highest market capitalization on the first section of the Tokyo Stock Exchange. Nintendo also tops Nissan Motor and Takeda Pharmaceutical while just trailing Sony and Canon.

Nintendo ended the day up 4% at 36,250 yen, bucking the recent correction in tech stocks. Market cap grew 210 billion yen to 5.13 trillion yen.

The company is releasing new "Mario" games and other titles for the popular Switch console. "This is the first time Nintendo has been on the attack this aggressively," said analyst Yasuo Imanaka of the Rakuten Securities Economic Research Institute. The stock was bought on expectations that Nintendo will grab a bigger share of the game market.

While Nintendo is trading at more than 90 times projected earnings per share, there is little alarm about overheating. But market cap once reached 10 trillion yen in 2007 amid the initial success of the Wii console, only to later sink back to 1 trillion yen.

(Nikkei)

http://asia.nikkei.com/Markets/Equities/Nintendo-market-cap-hits-5tn-yen

Nintendo 5.445 trillion yen.

https://stocks.finance.yahoo.co.jp/stocks/detail/?code=7974

Sony 5.403 trillion yen.

https://stocks.finance.yahoo.co.jp/stocks/detail/?code=6758.T

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Luke888 on 23 June 2017

Great news, gotta buy some of that Ninty stock back when we're a few weeks away from Splatoon 2's launch

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onionberry on 23 June 2017

pretty cool for a company that only does video games.

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monocle_layton on 23 June 2017

Taste the Donkey Dong haters!

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Vor on 23 June 2017

The title is a bit misleading. Sony is still a bit ahead with $48million.

Kudos to DS/Wii though. Even with all the Switch hype during the peak of Wii craze the market cap is twice as big.

A handheld gamer only (for now).

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pokoko on 23 June 2017

Wait ... what?

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fedfed on 23 June 2017

I want Ninty to be great!

Switch!!!

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onionberry on 23 June 2017

Vor said:
The title is a bit misleading. Sony is still a bit ahead with $48million.

Kudos to DS/Wii though. Even with all the Switch hype during the peak of Wii craze the market cap is twice as big.

Today (23rd of June, 2017) on the Tokyo Stock Exchange, Nintendo has now hit a Market Cap of ¥5.45T(~$49B), compared to Sony Corp with a market cap of ¥5.40T(~$48.5B)

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gentii on 23 June 2017

wow> Go The BIG N

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JRPGfan on 23 June 2017

Stock markets... are weird.

Sony's PlayStation Network sales hit 529,000m yen which means that PSN generated more revenue than the whole of Nintendo (504,000m yen).
— Daniel Ahmad (@ZhugeEX) April 28, 2016

PSN alone makes more money than All of Nintendo does.

Yet Nintendo stock is higher? why?

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