Streetbeat News

NTDOY

Nintendo Co. Ltd

https://www.nintendo.co.jp/

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Industry

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nintendo co., ltd., together with its subsidiaries, develops, manufactures, and distributes electronic entertainment products in japan, the americas, europe, and internationally. it offers video game platforms, playing cards, karuta, and other products; and handheld and home console hardware systems and related software. the company was formerly known as nintendo playing card co., ltd. and changed its name to nintendo co., ltd. in 1963. nintendo co., ltd. was founded in 1889 and is headquartered in kyoto, japan.

Open

17.36

Mkt cap

81B

Volume

171K

High

17.49

P/E Ratio

37.78

52-wk high

19.47

Low

17.29

Div yield

0.02

52-wk low

11.36

Circana analyst Mat Piscatella provided a mixed outlook for the gaming industry, highlighting the significant impact of Take-Two Interactive's upcoming Grand Theft Auto 6 (GTA 6) release. He predicts a potential decline in consumer spending of 2% to 10% due to uncertainties, including the lack of major game releases and hardware schedule disruptions. Piscatella also discussed the industry's shift from physical to digital media and the absence of a new Nintendo hardware release this year. Despite short-term challenges, he remains cautiously optimistic about the industry's return to growth.

Portfolio Pulse from Franca Quarneti

March 14, 2024 | 7:10 pm

Goldman Sachs highlights 'Seven Samurai' stocks as leading Japanese equities, showcasing their performance and potential compared to the U.S.'s 'Magnificent Seven'. These stocks, including Tokyo Electron, Mitsubishi Corporation, Toyota, Nintendo, Fast Retailing, Sony, and Mitsubishi UFJ Financial Group, offer diversified investment opportunities with lower valuations and higher yields. Warren Buffett has invested in one of these, Mitsubishi Corp, through Berkshire Hathaway. Additionally, ETFs like iShares MSCI Japan ETF, iShares Currency Hedged MSCI Japan, and iShares MSCI Japan Value ETF provide exposure to these equities.

Portfolio Pulse from Stjepan Kalinic

March 14, 2024 | 5:28 pm

March 10 is celebrated as Mario Day, honoring the iconic video game character from the Nintendo franchise. Nintendo Co (OTC:NTDOY) began celebrating this day in 2016, offering discounts on Mario and Nintendo games and items. The Super Mario Bros movie, featuring characters from the franchise, grossed $1.36 billion globally, becoming the second-highest grossing film of the year. Comcast Corporation (NASDAQ:CMCSA) collaborated with Nintendo for the movie's release and the expansion of Universal Studios theme parks. Nintendo's acquisition of Dynamo Pictures, now Nintendo Pictures, hints at future film projects involving its iconic characters.

Portfolio Pulse from Chris Katje

March 10, 2024 | 1:22 pm

Toyota Engineering Society has created a prototype motorcycle inspired by Miraidon, a Pokémon from Nintendo's game Pokémon Violet. This innovative project showcases Toyota's imaginative craftsmanship and pays homage to the game's versatile character. Although the motorcycle is not intended for commercial sale, it highlights Toyota's commitment to creative and technological advancements.

Portfolio Pulse from Franca Quarneti

March 08, 2024 | 9:02 pm

Nintendo ADR (OTC:NTDOY) has settled a legal dispute with Tropic Haze LLC for $2.4 million over the Yuzu emulator, which allowed unauthorized play of Nintendo games. Tropic Haze will cease all Yuzu-related activities and transfer the domain to Nintendo. This settlement could impact the future of Switch emulation and sets a precedent regarding copyright laws and emulation. The lawsuit highlighted Yuzu's role in enabling piracy, notably over a million pre-release plays of Legend of Zelda: Tears of the Kingdom.

Portfolio Pulse from Franca Quarneti

March 04, 2024 | 10:22 pm

Immersion Corporation (IMMR) has renewed its license agreement with Nintendo Co., Ltd. (NTDOY), allowing Nintendo continued access to Immersion's haptic technology patents. Immersion's President and CEO, Eric Singer, expressed pleasure in continuing the partnership.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:02 pm

Nintendo ADR (OTC:NTDOY) has filed a lawsuit against Tropic Haze, the developers of the Yuzu emulator, for facilitating over one million illegal downloads of 'The Legend of Zelda: Tears of the Kingdom' before its release. The suit, filed in Rhode Island, accuses Tropic Haze of violating the Digital Millennium Copyright Act by enabling users to decrypt and play Nintendo Switch games without purchase. Nintendo seeks control of Yuzu's domain, financial damages, and $150,000 for each copyrighted work infringed. The lawsuit also highlights Yuzu's Patreon earnings from bypassing Nintendo's anti-piracy measures.

Portfolio Pulse from Franca Quarneti

February 28, 2024 | 9:46 pm

Microsoft Corp's (NASDAQ:MSFT) game Pentiment, initially an Xbox exclusive, is running at 120FPS on Sony Group Corp.'s (NYSE:SONY) PlayStation 5 but only at 60FPS on Xbox Series X/S due to a bug. This has caused disappointment among Xbox fans and raised concerns about Microsoft's commitment to the Xbox platform. Obsidian Studio's Josh Sawyer stated that a patch to fix this issue is forthcoming. The situation has intensified speculation about Microsoft porting more games to other platforms, including PS5 and Nintendo ADR's (OTC:NTDOY) Switch.

Portfolio Pulse from Franca Quarneti

February 27, 2024 | 11:41 pm

Nintendo ADR (OTC:NTDOY) has delayed the release of the Nintendo Switch 2 until March 2025 to secure initial stock and a lineup of popular software, including measures to prevent resale. The new console is expected to feature hybrid functionality with a larger screen and higher-definition image quality. Despite a slight decline in sales, the original Switch has sold 139.36 million units and has 122 million recorded players in 2023.

Portfolio Pulse from Franca Quarneti

February 26, 2024 | 5:24 pm

Nintendo plans to launch the successor to its Switch console no earlier than March 2025, according to a report by Nikkei. This announcement may impact investor expectations and the company's stock performance in the short term.

Portfolio Pulse from Charles Gross

February 26, 2024 | 10:04 am

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