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Nintendo Stock Is Second Most Valuable In Japan
With continued global success for the Wii and Nintendo DS, stock of Nintendo has become the second most valuable in the whole of Japan at a value of $73.03 billion - behind only Toyota, and beating household names such as Mitsubishi, Canon and Honda.
September 25, 2007
1 Min Read
With continued global success for the Wii and Nintendo DS, stock of Nintendo has become the second most valuable in the whole of Japan, behind only Toyota, and beating household names such as Mitsubishi, Canon and Honda. Nintendo shares now have a market value of ¥8.39 trillion ($73.38bn), compared to ¥24 trillion ($209.91bn) for Toyota – the world’s most profitable and valuable car maker. Technically the market value for Mitsubishi UFJ Financial Group, Japan’s largest bank, is around ¥11 trillion ($96.24bn). However, trading in the company’s shares is currently suspended ahead of a share split. Nevertheless, Nintendo’s total pushed Canon into third place with market capitalization of ¥8.12 trillion ($71.05bn). Sony Group has not appeared in the top ten of Japanese companies, as organized by stock value, for some months. Shares in Nintendo have more than quadrupled over the last two years, with shares up 3.1 percent on Tuesday at ¥59,200 ($518.01). Ironically, Nintendo’s achievement comes during the slowest period of hardware sales for the company in Japan for over a year – although demand still appears buoyant elsewhere in the world, and it's possible that the slowdown is due to supply constraint yet again.
About the Author(s)
David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.
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