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TSE: Nintendo is now worth more than Sony Corp (Market Cap)

ggx2ac

Member
Apr 5, 2016
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Update:

Link: http://asia.nikkei.com/Markets/Tokyo-Market/Switch-catapults-Nintendo-s-market-cap-past-Sony-s

Nintendo 's market capitalization hit 5.44 trillion yen ($48.9 billion) on Friday, surpassing Sony's for the first time in 11 months, as the soaring popularity of its Switch console drew investors to the game developer's stock.
The Kyoto-based company's market cap reached the highest since October 2008.

Investors rushed to buy after the company said Thursday that it will ramp up shipments of the Switch in July and August amid a shortage.
While the game developer initially planned to sell 10 million Switch consoles in the year ending March 2018, investors are "widely anticipating production to exceed plans," says Masahiro Ono of Morgan Stanley MUFG Securities.

Analysts expect Nintendo to book a net profit of 93.1 billion yen -- double the company's own projections -- for the current fiscal year ending in March. Some suspect the stock is overheating as the company's forward price-earnings ratio climbs past 100.

Original:

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)



Some Trivia:

- Earlier in June when Nintendo hit the ¥5T ($45.2B) Market Cap, that was the first time in eight years and five months.

- It is now one of the top 15 companies by Market Cap on the Tokyo Stock Exchange ahead of companies like the Mizuho Financial Group and Nissan Motors.

- Nintendo's 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.

Source for all the above trivia: http://asia.nikkei.com/Markets/Equities/Nintendo-market-cap-hits-5tn-yen

Last time Nintendo valued more than Sony was last year's Pokémon Go craze. That lasted only a day. - Takashi Mochizuki

- I could not find a historical market cap for Sony but their highest(?) peak in share price was ¥31,000 on March 3rd, 2000. (I can't find how many outstanding shares they had at that time.)

- Not related to Market Cap but Nintendo has between 5,000-6,000 employees while Sony has 146,300.

Apple, Alphabet and Microsoft are still giants in comparison with Apple having almost $800 billion in Market Capitalization.
 

hatchx

Banned
Jun 30, 2009
7,266
3
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Toronto
I feel really happy about buying Nintendo stock late last year. The gains will cover any gaming expense I'd have all year and then some.
 

Machina

Banned
Jun 11, 2015
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How is this even possible with 60 million PS4's sold?

Sony seriously need to clean up the other arms of their business, and by clean up I mean cut them adrift
 
Mar 31, 2013
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That's really cool. It's interesting that a video game only company managed to make more than one that does movies, games, music and all kinds of hardware.

I get what you mean but they do not "make more" though, market cap is something else, I believe it's the perceived value of the company's shares.

In terms of operating income for example, last fiscal year was 288,7 billion yen for Sony Corp (135,6 billion yen for PlayStation) and 29,3 billion yen for Nintendo.
 

TDLink

Member
Jan 24, 2010
11,049
13
880
Shows how undervalued Sony is.

More like how in trouble Sony is. This is pretty embarrassing for them. Nintendo is a company dedicated to only one industry, while Sony has its hands in many. They're a big multinational corporation. Their games division is of course doing the best, but it's real bad indicator for them as a company in general. Sadly it's only another notch on several major negative signs that the company is floundering in the last decade.
 

bigjig

Member
Aug 8, 2011
1,352
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0
That's really cool. It's interesting that a video game only company managed to make more than one that does movies, games, music and all kinds of hardware.

Sony makes many times what Nintendo does. Market cap doesn't mean revenue.
 

D.Lo

Member
Aug 20, 2006
9,836
1
1,470
Sydney Australia
Every sign of the Switch being the new Wii keeps rolling by.

And hopefully, with no HD transition to handle and a combined development ecosystem, this time it won't collapse in year six due to losing focus.

Iwata vindicated again.
 

Terbinator

Member
Dec 9, 2011
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How is this even possible with 60 million PS4's sold?

Sony seriously need to clean up the other arms of their business, and by clean up I mean cut them adrift
This already happened, didn't it? I thought they were just finance, PlayStation and cameras now w/ their other arms being spun off or shutdown (Vaio).
 

Champion

Member
Dec 5, 2015
850
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Their games division is of course doing the best, but it's real bad indicator for them as a company in general.
Financial Services is where they make the majority of their $$$ unless something has drastically changed.
 

vpance

Member
Jun 20, 2005
9,170
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1,650
Shows how undervalued Sony is.

Stock market loves video game companies. Just completely sky high valuations.

I guess Sony should stop doing so much. So little reward for so much effort.
 

Machina

Banned
Jun 11, 2015
6,609
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This already happened, didn't it? I thought they were just finance, PlayStation and cameras now w/ their other arms being spun off or shutdown (Vaio).

They're still making TV's that nobody buys IIRC, and it's quite frankly remarkable that they can still be the tip of the spear in the likes of console VR when they're struggling so badly
 

Dynomutt

Member
Jan 5, 2014
5,296
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520
I'm absolutely astonished at some of the posts in this thread lol. Definitely a video game enthusiast forum and not a business one.
 

Danny Dudekisser

I paid good money for this Dynex!
Oct 13, 2008
21,089
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I think it's more a reflection of how poorly Sony is doing than anything else, but hey -- good for Nintendo. They finally figured it out.
 

Toki767

Member
May 8, 2009
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I'm curious how much PlayStation would be worth if they were a separate company.

Or Sony with just their video game and camera business as those seem to be the most profitable.
 

UziTheBeast

Banned
Jan 9, 2017
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They're still making TV's that nobody buys IIRC, and it's quite frankly remarkable that they can still be the tip of the spear in the likes of console VR when they're struggling so badly

Which is sad because a Sony TV is amazing most of the times.
 

Real_Madrid

Member
Jun 11, 2015
1,464
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I see this as a disaster for Sony, their investors will not be happy triggering further loses

Kaz is doing a good job and Sony is pretty healthy, at least when they get the movie division in line or just sell it. It's more or less the same with the smartphone division.