Nintendo market cap hits 5tn yen, ahead of Sony's!

TOKYO -- Nintendo's market capitalization reached 5 trillion yen ($45.2 billion) for the first time in eight years and five months at the market's close Thursday, thanks to foreign and domestic bullishness on its game business.

The surge lifted the Kyoto-based company above Mizuho Financial Group to the 15th-highest market capitalization on the first section of the Tokyo Stock Exchange. Nintendo also tops Nissan Motor and Takeda Pharmaceutical.

Nintendo ended the day up 4% at 36,250 yen, bucking the recent correction in tech stocks. Market cap grew 210 billion yen to 5.13 trillion yen.

The company is releasing new "Mario" games and other titles for the popular Switch console. "This is the first time Nintendo has been on the attack this aggressively," said analyst Yasuo Imanaka of the Rakuten Securities Economic Research Institute. The stock was bought on expectations that Nintendo will grab a bigger share of the game market.

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Let's hope they can keep up the good business, and of course, the amazing trickle of games coming out this year.

The gamers have spoken. They want games and not QTEfests. RIP IN PEACE SONY

It's impressive when you consider the fact that Nintendo is a gaming-only company, whereas Sony is a multi-industry corporation.

It really just goes to show how bloated Sony is as a company. As long as they have so many divisions bleeding money, investor confidence won't rise.

Congrats Nintendo, keep it up.

They'll definitely be doomed next time though. Just wait.

@Jag85: Sony probably has more revenue but also more loses. I still don't know why Sony doesn't close some of their less profitable divisions. Who buys Sony's phones for example?

Not really. Being a multi-industry corporation can work against you like happened to SONY. There are so many fronts and expenses in such companies that if something goes bad , in Sonys case everything went wrong in all of their divisions from TV to you name it , its easy to go on your knees.

If Sony was a video gaming only company would have been as successful as Nintendo , i have no doubts. Maybe not in that good shape but very close even.

@AzatiS:

Be careful! All that spinning can make you dizzy! Dont want to fall down and embarrass yourself...

...oops nvm, too late.

Danm. Nintendo is really going heavy this year. Hopefully they can produce enough switches for the upcoming holiday.

Good for Nintendo, they deserve all their success and more.

Props to them and props to Sony as well who is surely looking with greedy beady eyes.

Nintendo is keeping competition alive by pushing back on the market leader Sony not by using gimmicks or buzz words to confuse consumers, but with old fashion incredible exclusives only available on their primary platform.

I don't see this as anything but good.

For too long competition has been about a bunch of stupid things that attempt to distract us from the real purpose of our medium. Nintendo is achieving success now with the age old formula that they used during the golden era of sega vs Nintendo and bringing the focus back to games, high quality exclusive games, and and nothing else.

That is the kind of competition I want to see out of our primary console providers and not this buzz word, gimmick, "Hey check out this exclusive feature, now buy our console" nonsense that has been going on in recent years.

If you see anything negative about this Nintendo news trying to reflect that on Sony then I don't think you are looking at this the proper way.

What spinning ? Its a fact that one of the most successful divisions in SONY as a whole is their video gaming division. By far , actually it might be the only thing that is profitable as we speak. Spin all you want yourself , thats a fact.

They are going to need to, Mario Odyssey is going to crash the industry.

I can see scalpers selling units for absurd amounts if Nintendo can't get production levels up to market demand.

Nintendo has between 5,000-6,000 employees while Sony has 146,300. You gotta stay lean and mean in todays climate. But really, all this means is investors are more confident that Nintendo will show profit and growth vs the competition. Nintendo is more of a sure bet overall because of how small they are and the fact that all they do is video games.

I have a Sony phone, but probably won't get another one. It's a nice phone, but I think I can get buy with just an iphone or galaxy. (I don't really buy phones day 1)

But I love Sony Mirrorless cameras. They are quickly becoming favorites in the DSLR world. They take amazing video and aren't too bad at pictures either, and unlike other Sony products they are competitively priced. I have one and I use it at work for professional video.

Yeah Sony has movie studios and consumer electronics. WTF have they been doing with the money?

LMFAO.

Yay?

Glad to see Nintendo doing well but unless you have stock in Nintendo, why would you care about how their market cap is doing?

I have no idea what this means, but bravo.

While their consumer electronics have been tanking lately, Sony Pictures is still one of the biggest Hollywood studios, Sony Music is one of the biggest record companies, and Sony Computer Entertainment is one of the biggest gaming companies. Yet, with all of that combined, their stocks are lower than gaming-only Nintendo.

Kudos to Nintendo. Pretty impressive considering that they are only a game company. While it may not give me immediate benefits since I'm not a stock holder it does help ensure that they can continue to make great games for me to enjoy.

This is great news. Lets celebrate a company that has been anti consumer for decades. YAY!

Currently $41.2B on Yahoo Finance.

Sony at $46.2B

Oh, how the markets swing.

still...being pretty much tied is impressive for a games only company.

Couldn't give two s***'s... That being said the Switch to me as a PC gamer is the only console I want to buy, Metroid Prime with X360 level of graphics I cannot wait!

@babyjoker1221: Sony stock has quadrupled over the past 4 years.... You are clueless.

@Jag85: lol not anymore..

Looks like Nintendo's lead was temporary. Still, good to know both Sony and Nintendo have been improving lately. IIRC, both were hovering around the $20 billion mark one or two years ago, but now they're both hovering around the $40 billion mark.