An industry chapter · Video Games

Video Games

5 members, 2432 to 9766, A to Z by ticker.

Gross profitability: median 24% — gross profit as a share of total assets, each member's median across its readable years; read on 5 of 5 members
Capital intensity: median 0.9% — capital expenditure as a share of revenue, each member's median across its readable years; read on 4 of 5 members
Net cash: 4 of the 4 members with a readable debt line hold more cash and short-term investments than total debt

Figures describe the list as a group, from each member's own filed record; they name no member and form no rank. A member missing an input is absent from that median, never counted against the others.

From the latest filings · data as of July 9, 2026.

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2432 DeNA

Revenue is led by Game (44%) and Live Streaming (27%), with 3 more segments behind.

Owner earnings 2018–2025 ¥35.0B¥17.6B¥10.5B¥26.5B¥17.9B¥10.2B(¥14.4B)¥34.7B

Retained capital Paid out ¥48.9B more than it earned over 2018–2025; annual owner earnings fell ¥10.8B.

Balance sheet Net cash, +¥90.1B · dividend paid 8 of 8 yrs, cut at least once

3659 Nexon

Revenue is led by Korea (89%) and Other (9%), with 2 more segments behind.

Owner earnings 2018–2025 ¥116.3B¥103.6B¥135.3B¥104.3B¥127.3B¥125.3B¥97.3B¥163.9B

Retained capital Retained ¥356.0B of earnings over 2018–2025; annual owner earnings grew ¥10.4B, ¥0.03 per ¥1 retained.

Balance sheet Net cash, +¥446.7B · dividend paid 6 of 8 yrs, never cut

7974 Nintendo

Nintendo makes video-game machines and the games that run on them, and sells both to players at home and on the go the world over. The machines matter, but the profit comes mainly from the software and from the characters Nintendo has owned and built over decades — Mario, Zelda, Pokemon and the rest. Those same characters are lent out for toys, films and theme parks, so a creation made once can be sold many times.

Owner earnings 2017–2026 ¥10.7B¥142.6B¥159.8B¥337.9B¥605.1B¥282.1B¥311.8B¥446.0B(¥6.9B)¥273.9B

Retained capital Retained ¥1.49T of earnings over 2017–2026; annual owner earnings grew ¥133.3B, ¥0.09 per ¥1 retained.

Balance sheet net position not read (debt under-captured) · dividend paid 10 of 10 yrs, cut at least once

9697 Capcom

Capcom makes and publishes video games, built on a library of franchises it owns outright — Resident Evil, Monster Hunter, Street Fighter, Devil May Cry, Mega Man and Ace Attorney. It sells to players the world over two ways: through new titles it builds and ships, and by selling its older games over and over as digital downloads. Owning the characters means it does not rent the thing people show up for.

Owner earnings 2017–2026 ¥126M¥32.0B¥17.8B¥20.0B¥12.3B¥44.0B¥18.4B¥32.1B¥62.9B¥26.2B

Retained capital Retained ¥178.7B of earnings over 2017–2026; annual owner earnings grew ¥23.8B, ¥0.13 per ¥1 retained.

Balance sheet Net cash, +¥59.8B · dividend paid 10 of 10 yrs, never cut

9766 Konami Group

A diversified business; where the profit really comes from, and whether it is earned or bought, is what the segment detail settles.

Owner earnings not read

Retained capital not read

Balance sheet Net cash, +¥287.6B

The same four lines for every member, in strict ticker order; a figure that could not be read renders as "not read," never as a mark against the record beside it. The header describes the list and names no member; the entries carry no ranking and form no score. What a chapter cannot carry — understanding of the business, and a price — is yours.