The stock price of Nintendo reached an all-time high
On the morning of December 5th, Nintendo set a new record for its stock value. At the start of trading on the Tokyo Stock Exchange, the price of one share was 9,332 yen ($62.3).
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As a result, Nintendo's market capitalization reached 12.03 trillion yen ($80.3 billion).
According to Japanese media, the company's stocks increased for eight consecutive days. During this period, their price rose by more than 1,000 yen ($6.67). Comparing this to January 1, 2024, the price increased by 2,156 yen ($14.4) or 30%.
The media attributes the current rise in Nintendo's stock to three factors:
- There are again rumors online about the upcoming release of the Nintendo Switch 2 console—allegedly, Nintendo plans to announce it in January 2025 and release it in early spring;
- The Saudi Public Investment Fund sold another portion of Nintendo shares. On December 2, it was reported that they reduced their stake in the company to 5.26%. The media speculates this was the last sale, and the fund will not reduce its stake further;
- At the end of November, Sony began negotiations to acquire the media conglomerate Kadokawa. Analysts predict that if the deal occurs, it may push Nintendo to further develop its own IP.
