Nintendo is Japan's 2nd Most Valuable Company

[Kamalot]

Reuters is announcing that Nintendo recently surpassed Canon Inc to become Japan's second most valuable company (http://uk.reuters.com/article/internetNews/idUKT1482820070925) traded on the stock market. This places Nintendo behind Toyota Motor Corp, the #1 most profitable and valuable automaker in the world.

Nintendo's Wii has so far outsold Sony's PlayStation 3 by a large margin since their launches late last year as Nintendo's strategy to expand the gaming population by offering easy-to-play but innovative games has proved a big success.

"At the Tokyo Game Show last week, Nintendo wasn't there officially. But there were a lot of software companies who are dedicating software to Nintendo platforms," KBC Securities analyst Hiroshi Kamide said.

The future continues to look bright for the Japanese game company and it is expected that the holiday season will mark another success for Nintendo. In the quarter ending in June, Nintendo sold 3.43 million Wii units compared to Sony's 710,000 PS3 units.

Don't expect Nintendo to surpass Toyota any time soon. Even though Nintendo is in 2nd place, Toyota is worth about 3X what Nintendo is worth.

[Vandenh]

Very impressive.. since Toyota is number 6 in the world or so.

[DaXIthR]

Nintendo needs to get into the automotive industry. Maybe put a DS in every Camry and Corolla....

[Kamalot]

Nintendo needs to get into the automotive industry. Maybe put a DS in every Camry and Corolla....

Nice. Every car now is WiFi-Enabled, and has touch-screen driving controls. :rolleyes:

[Citizen Philip]

I want to see Nintendo pickup the ol'aluminium bat from rhe 80s and start taking out retailer kneecaps.

[Wraith]

I was looking at a Forbes list (http://www.forbes.com/lists/2007/18/biz_07forbes2000_The-Global-2000-Japan_10Rank.html) today, from March 29, 2007, that put Nintendo's market value at 34 billion USD. The article above lists their current market value at 8.39 trillion yen -> 73.2 billion USD.

There's probably some currency fluctuation involved, but still, that's more than double their market value in 6 months.

[KingGorilla]

Nintendo needs to get into the automotive industry. Maybe put a DS in every Camry and Corolla....

I do remember that they had a deal with Ford not too long ago, N64s were put into special edition WindStars. Problem is, no one bought WindStars.

[B_Money]

Nice. Every car now is WiFi-Enabled, and has touch-screen driving controls. :rolleyes:
I can just imagine how much trouble people will have trying to parallel park with a stylus.

[Kamalot]

I can just imagine how much trouble people will have trying to parallel park with a stylus.

Can't you simply draw a horizontal line on the screen? :cool:

[Vanthar]

I was looking at a Forbes list (http://www.forbes.com/lists/2007/18/biz_07forbes2000_The-Global-2000-Japan_10Rank.html) today, from March 29, 2007, that put Nintendo's market value at 34 billion USD. The article above lists their current market value at 8.39 trillion yen -> 73.2 billion USD.

There's probably some currency fluctuation involved, but still, that's more than double their market value in 6 months.

Wait till people start selling that stock :P

[Johan]

This is terrific for Nintendo, but let's also keep in mind that the value of IP can fluctuate more than the value of actual, physical, tangible property (manufacturing plants and the like). I'm always a bit wary of the dangers of inflated values with stocks that offer little in terms of physical assets to sell off if needed. Such as Google, for example.

[[VSK]BadCRC]

Surpassed only by the Ramen Noodle and Cup'O'Soup company?

[kid cabelgo]

BadCRC;1002119']Surpassed only by the Ramen Noodle and Cup'O'Soup company?

well great. Now I'm craving cup o' noodles