According to media reports, Sony has become the second largest company in Japan with market value, second only to Toyota.Nintendo ranks tenth with a market value of only US$89.78 billion.
Ranking of the largest companies in Japan's market value:
1. Toyota: US$231.69 billion
2. Sony: $149.32 billion
3. Mitsubishi UFAN Financial Group: US$146.46 billion
Sony has become the second largest company in Japan with market value, second only to automotive giant Toyota.This reflects Sony's strong performance in its diversified businesses such as electronics, gaming, music and movies.This is an important milestone that reflects its competitiveness in global markets and investors' confidence in its future prospects.
Sony's success can be attributed to its diverse portfolio of businesses, especially gaming and network services.The earnings report for the third quarter of fiscal 2024 showed that its gaming business performed strongly and revenue growth was significant.
