| Jumpin said: Well, Nintendo stocks increased another 75 trillion yen, and the company has surpassed Honda to become the #2 most valuable company in Japan. Only Toyota is ahead. This is the spot they held between 2007 and 2008 during the peak value years of the Wii and DS marketplaces. This is likely due to Nintendo utilizing it's library of games for SNES mini, growing success in the mobile market, growing brand recognition, and of course, speculation on massive Nintendo Switch market success. |
While Nintendo did overtake Honda in terms of market cap, they are not 2nd behind Toyota. There are still a number of companies ahead of Nintendo.
https://www.nikkei.com/markets/ranking/page/?bd=caphigh
List of publicly traded Japanese companies by market capitalization:
01. Toyota - 22.62T yen
02. NTT - 10.86T yen
03. Softbank - 10.46T yen
04. Mitsubishi UFJ - 10.22T yen
05. NTT DocoMo - 10.08T yen
06. KDDI - 7.64T yen
07. Japan Tobacco - 7.37T yen
08. Keyence - 7.34T yen
09. Japan Post Bank - 6.28T yen
10. Nintendo - 6.24T yen
11. Honda - 6.16T yen
12. Sumitomo Mitsui FG - 6.12T yen
13. Japan Post - 5.88T yen
14. Canon - 5.28T yen
15. Sony - 5.18T yen
It's worth noting that Nintendo is a volatile stock with tremendous spikes and dips. You're not going to see it stabalize at these abnormally high prices.
