VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 14, 2026

Stock Comparison

LY Corporation vs Nintendo Co., Ltd.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

LY Corporation

4689 · Tokyo Stock Exchange (Prime Market)

Market cap (USD)
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorCommunication Services
Industry
CountryJP
Data as of2026-01-12
Moat score
68/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into LY Corporation's moat claims, evidence, and risks.

View 4689 analysis

Nintendo Co., Ltd.

7974.JP · Tokyo Stock Exchange

Market cap (USD)$11.8T
Gross margin (TTM)45.4%
Operating margin (TTM)17.6%
Net margin (TTM)21.2%
SectorCommunication Services
IndustryElectronic Gaming & Multimedia
CountryJP
Data as of2026-01-01
Moat score
76/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Nintendo Co., Ltd.'s moat claims, evidence, and risks.

View 7974.JP analysis

Comparison highlights

  • Moat score gap: Nintendo Co., Ltd. leads (76 / 100 vs 68 / 100 for LY Corporation).
  • Segment focus: LY Corporation has 3 segments (44.2% in Commerce Business); Nintendo Co., Ltd. has 3 segments (90.2% in Nintendo Switch platform ecosystem).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Weak vs Moderate.
  • Moat breadth: LY Corporation has 5 moat types across 2 domains; Nintendo Co., Ltd. has 5 across 3.

Primary market context

LY Corporation

Commerce Business

Market

Japan e-commerce platforms and online marketplaces (shopping, fashion, B2B procurement, auctions/reuse, and services e-commerce)

Geography

Japan (with some cross-border commerce exposure via merchants and platforms)

Customer

Consumers and merchants/sellers; some B2B buyers via procurement platforms

Role

Marketplace/platform operator + merchant services (payments, membership/loyalty, advertising, logistics partnerships)

Revenue share

44.2%

Nintendo Co., Ltd.

Nintendo Switch platform ecosystem

Market

Dedicated console gaming platform ecosystem (hardware + software + digital storefront + online services)

Geography

Global

Customer

Consumers

Role

Platform owner / first-party publisher

Revenue share

90.2%

Side-by-side metrics

LY Corporation
Nintendo Co., Ltd.
Ticker / Exchange
4689 - Tokyo Stock Exchange (Prime Market)
7974.JP - Tokyo Stock Exchange
Market cap (USD)
n/a
$11.8T
Gross margin (TTM)
n/a
45.4%
Operating margin (TTM)
n/a
17.6%
Net margin (TTM)
n/a
21.2%
Sector
Communication Services
Communication Services
Industry
n/a
Electronic Gaming & Multimedia
HQ country
JP
JP
Primary segment
Commerce Business
Nintendo Switch platform ecosystem
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Weak
Moderate
Moat score
68 / 100
76 / 100
Moat domains
Network, Demand
Network, Demand, Legal
Last update
2026-01-12
2026-01-01

Moat coverage

Shared moat types

Ecosystem ComplementsSwitching Costs General

LY Corporation strengths

Two Sided NetworkData Network EffectsHabit Default

Nintendo Co., Ltd. strengths

Brand TrustIP Choke PointContent Rights Currency

Segment mix

LY Corporation segments

Full profile >

Media Business

Oligopoly

38.1%

Commerce Business

Oligopoly

44.2%

Strategic Business (FinTech)

Oligopoly

17.8%

Nintendo Co., Ltd. segments

Full profile >

Nintendo Switch platform ecosystem

Oligopoly

90.2%

Mobile and IP-related income

Competitive

5.8%

Other products and legacy platforms

Competitive

4%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Proven models entering the expansion stage with unit economics that work.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.