The outlook for certain companies was uncertain due to the crash of the Japanese stock market. The so-called new Black Monday shook various markets, including the video game market. This caused the stock value of several companies, such as Nintendo and Sony, to plummet overnight.
This all happened because the Nikkei 225, the main stock index of the Japanese market, had its worst drop in years, creating a domino effect worldwide. Fortunately, the situation is gradually stabilizing, and video game companies have recovered almost all their losses after the impact.
Nintendo and more companies afloat after the crisis in Japan
The video game companies affected by the financial crisis in Japan are slowly recovering. After 24 hours of the drastic stock market drop, the companies have almost completely stabilized their stock values, undoubtedly easing the minds of their executives and investors.
Thanks to Serkan Toto, an analyst at Kantan Games, we know that Nintendo rose 12% in the stock market after suffering a 15% drop. Meanwhile, Sony recovered 8% after a 6% decline.
Capcom, one of the most affected companies, regained 18% of its stock value after an alarming 16% drop. The situation is very similar for other companies, such as Konami, Cave, Square Enix, Koei Tecmo, SEGA, and Nexon, which also recovered.
However, the situation in Japan and the rest of the world still generates doubts and uncertainties. So, companies are likely continuing to closely monitor the situation to face future crises like the one this Monday.
Comments
Best
New