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Nintendo Second Largest Japanese Company

by Steven Rodriguez - September 24, 2007, 11:55 pm PDT
Total comments: 12 Source: Reuters

NCL is now only behind Toyota in overall Japanese market value.

The Wii-sponsored car finishing in second was an appropriate event given this new information out of Japan: Nintendo is now the second largest company in all of Japan.

Due to a 2.6% increase in Nintendo's stock prices at the close of Tuesday's trading on the Osaka Stock Exchange, the company now has a market value of 8.34 trillion yen, or 72.7 billion dollars. The latest corporation to be washed away by the wave of Wii and DS success was Canon, maker of high-end cameras, printers and other optical devices.

If Nintendo hopes to become the king of Japan, it's going to need to sell a lot more Wiis. Automotive giant Toyota is currently the most valuable company in the country, with a market worth of 24 trillion yen (209 billion dollars), or three times that of Nintendo.

Talkback

GoldenPhoenixSeptember 24, 2007

Who would have thought a company that only a few years ago was worth around 15-20 billion would now be one of the biggest companies in Japan. So now is everyone going to hate Nintendo for being a corporate behemoth like they do MS? Only time will tell.

RizeDavid Trammell, Staff AlumnusSeptember 24, 2007

If they start acting like a corporate behemoth everyone will.

What am I saying, Nintendo has always acted like that!

IceColdSeptember 24, 2007

They always had billions in the "war chest", but this is just incredible..

DeguelloJeff Shirley, Staff AlumnusSeptember 24, 2007

You know I've been wondering.

How is Sony NOT on this list? They're huge! Are they that unpopular?

Dirk TemporoSeptember 24, 2007

This is astounding, to be honest. I mean, Sony or Microsoft I can see being so huge, but Nintendo is strictly a video game company. The fact that they can do so well just being a video game company says something about where the industry is headed.

Karl Castaneda #2September 24, 2007

Quote

Originally posted by: Deguello
You know I've been wondering.

How is Sony NOT on this list? They're huge! Are they that unpopular?


Well, keep in mind that, up until a few years ago, the only department at Sony that was making any money was its video game division. These days their HDTV line is doing a lot better, but since the PS3 is sagging, it's still about even. Needless to say, Sony's a company with many, many problems.

MaryJaneSeptember 25, 2007

This seems almost impossible. But you know what? Nintendo told us they were going to do it. Their blue ocean stratgy is paying off, they were completely right about there being an untapped gaming market, they tapped into it, and are now bigger than Canon. I mean come on... Canon, you know how much business they do?? It's incredible, truly incredible that a company that only sells 2 (major) devices can beat out companies that have hundreds of devices. (Like Sony face-icon-small-laugh.gif )

Now they just need to create an operating system that is packaged in with every major computer purchase and they overtake Microsoft and Toyota!!

KDR_11kSeptember 25, 2007

Keep in mind that this is stock value, its worth as much as people are paying for it, has nothing to do with how they're doing in the market.

GoldenPhoenixSeptember 25, 2007

Quote

Originally posted by: KDR_11k
Keep in mind that this is stock value, its worth as much as people are paying for it, has nothing to do with how they're doing in the market.


Well usually people don't buy your stock if you are doing poorly in the market.

MaryJaneSeptember 25, 2007

Quote

Originally posted by: GoldenPhoenix
Quote

Originally posted by: KDR_11k
Keep in mind that this is stock value, its worth as much as people are paying for it, has nothing to do with how they're doing in the market.


Well usually people don't buy your stock if you are doing poorly in the market.


Ditto. Also remember this is money going into Nintendo's pocket.

EntroperSeptember 25, 2007

They're still behind Mitsubishi with 11 trillion yen at last tally. Mitsubishi trading is temporarily suspended this week due to a stock split. At the rate Nintendo is growing, though, they can probably get to 11 trillion before too long.

Jamaican Mario ScholarSeptember 25, 2007

It's a good thing they don't have their hotel business anymore; otherwise they could blow all that extra yen on booze and hookers as a write off!

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