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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nintendo Co., Ltd.    7974   JP3756600007

NINTENDO CO., LTD.

(7974)
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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 09/17
58980 JPY   -1.42%
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Nintendo Adds Slimmed-Down Console -- WSJ

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09/21/2019 | 03:12am EDT

By Takashi Mochizuki

TOKYO -- Nintendo Co. introduced a stripped-down Switch console, meant to keep up the line's momentum in its third holiday season, as the videogame maker seeks to widen the Nintendo brand's global presence.

Coming attractions include a Nintendo-themed area at Universal Studios parks in Orlando, Fla., and Osaka, Japan, as well as the company's first store in Japan and a fitness gadget.

The Kyoto-based company faces a renewed challenge next year from competitors Sony Corp. and Microsoft Corp., both of which are expected to introduce successors to their flagship consoles.

"We want to increase the number of opportunities for many customers to have contact with Nintendo's intellectual property," said Nintendo's president, Shuntaro Furukawa, earlier this year.

The $200 Switch Lite, which went on sale globally Friday, is missing some features of the regular $300 Switch. It doesn't connect to a TV set and lacks detachable controllers.

The Lite is aimed at casual gamers who might be attracted by rival services that don't require a dedicated machine. Apple Inc. this month introduced a subscription-based game service called Arcade for its iPhones, while Alphabet Inc.'s Google is set to start its Stadia game service later this year.

Suggesting Nintendo's eagerness to capture the low end of the market, suppliers say the company aggressively tried to cut costs and weighed a price tag below $200. An executive at one supplier said it battled Nintendo for months over the price of a key component.

Separately, Nintendo added a new lithium-ion battery supplier, Murata Manufacturing Co., according to a person involved in the deal. Murata purchased Sony Corp.'s battery business in 2017. By having Murata compete with Nintendo's main battery supplier, TDK Corp., Nintendo hopes to lower costs, this person said. Nintendo declined to comment.

Murata executive Norio Nakajima said in August, without naming Nintendo: "We got a new videogame client, a client that this unit would never have been able to get when it was owned by Sony."

Nintendo hopes the Switch Lite can follow the path of its hand-held DS and 3DS machines, which are nearing retirement. The devices have been popular in Japan, though less so in the U.S., and have sold more than 229 million units.

Nintendo's main Switch machine is entering its third holiday season since its introduction in March 2017. Investors are watching whether Nintendo can avoid a falloff, and so far they like what they see. Nintendo's share price is up 46% this year, pushing the company's market capitalization above $50 billion.

As of June, Nintendo sold a cumulative 37 million Switch units, of which 15 million were sold in North America. Nintendo projects global sales of 18 million units in the year ending March 2020.

Next month, Nintendo will start selling "Ring Fit Adventure," a game that comes with ring-shaped controller and leg band. Players use the gadgets, which work only with the $300 Switch console, to work out and beat in-game enemies. The game's predecessors, "Wii Fit" and "Wii Fit Plus," sold more than 40 million copies in total.

While beefing up its lineup of videogame hardware and peripherals, Nintendo is also about to see the fruits of an effort to license its characters more widely. For decades, it was reluctant to let characters such as Super Mario roam too far from their videogame homes, but it switched course a few years ago. Plans hatched then are now getting rolled out.

A Nintendo-themed area will open at Universal Studios Japan in Osaka next spring, said Tom Williams, head of the Comcast Corp. unit Universal Parks & Resorts. Mr. Williams said at a conference this month that "Super Nintendo World" will initially host two rides, one featuring the racing game "Mario Kart" and another spotlighting Yoshi, a dinosaur character spun out of the Mario franchise.

Mr. Williams said Nintendo areas are also planned for Universal parks in Orlando; Universal City, Calif., and Singapore. Comcast and Nintendo are also working on an animated movie.

In Tokyo, a Nintendo merchandise store will open in the Shibuya area in November. It is the first such store in Japan and the second in the world after one at New York's Rockefeller Center.

Write to Takashi Mochizuki at takashi.mochizuki@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ADVENTURE INC. -2.00% 4410 End-of-day quote.-9.45%
ALPHABET INC. 0.17% 1489.59 Delayed Quote.11.02%
APPLE INC. -0.38% 109.955 Delayed Quote.50.30%
COMCAST CORPORATION -0.13% 45.545 Delayed Quote.1.36%
FURUKAWA CO.,LTD. -0.26% 1142 End-of-day quote.-21.02%
LINE CORPORATION 0.00% 5370 End-of-day quote.0.37%
MICROSOFT CORPORATION -0.17% 202.6 Delayed Quote.30.03%
MURATA MANUFACTURING CO., LTD. 0.74% 6659 End-of-day quote.-1.29%
NINTENDO CO., LTD. -1.42% 58980 End-of-day quote.34.14%
PARKER-HANNIFIN CORPORATION -0.13% 213.79 Delayed Quote.4.13%
SHIBUYA CORPORATION -0.70% 3540 End-of-day quote.15.50%
SONY CORPORATION -0.95% 8132 End-of-day quote.9.88%
SWITCH, INC. 0.16% 15.505 Delayed Quote.4.45%
TDK CORPORATION -1.37% 11480 End-of-day quote.-7.34%
THE GLOBAL LTD. 0.00% 192 End-of-day quote.-59.24%
WORLD CO., LTD. -0.68% 1460 End-of-day quote.-45.75%
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Financials
Sales 2021 1 459 B 13 976 M 13 976 M
Net income 2021 345 B 3 303 M 3 303 M
Net cash 2021 1 209 B 11 584 M 11 584 M
P/E ratio 2021 20,8x
Yield 2021 2,46%
Capitalization 7 112 B 67 871 M 68 123 M
EV / Sales 2021 4,05x
EV / Sales 2022 4,02x
Nbr of Employees 6 200
Free-Float 85,7%
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Nintendo Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends NINTENDO CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 64 052,63 JPY
Last Close Price 58 980,00 JPY
Spread / Highest target 25,5%
Spread / Average Target 8,60%
Spread / Lowest Target -23,7%
EPS Revisions
Managers
NameTitle
Shuntaro Furukawa President & Representative Director
Satoru Shibata Director, General Manager-Sales & Operations
Hajime Murakami Executive Officer & GM-Administration
Ko Shiota Director, GM-Technology & Development
Shigeru Miyamoto Representative Director
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