Nintendo has completed its 9.5 million share acquisition following the announcement yesterday that the company would buy back inherited shares from Hiroshi Yamauchi’s family. The corporation outlined that the former Nintendo president gave treasury shares to his four children after his passing, but due to the demands of inheritance tax, the heirs relinquished their stock back to the company.
Hiroshi Yamauchi owned approximately 10 per cent of the company’s stock, but Nintendo do not know which family members sold stock in the buyback, or how many shares they sold. In an official statement, the company confirmed the acquisition cost of 114 billion yen (around $1.1 billion) at a close of 12,025 yen per share.
._. ok?!
Buy N stock
Should Nintendo really be spending 1 billion right now?
This will raise their share price significantly, so yes.
they can buy back their shares relatively cheap and at the same time both stabilize the stock and secure themselves against hostile takeover
so this is a pretty sensible move
also it shows shareholdes that nintendo really believes in its coming strategy and stock market is mostly subjective so that can mean a lot
Nintendo sits on a pillow of at least 15 billion dollars. Yes, they should be spending 1 billion right now.
that got cut down to 7 billion
Proof?
lol no.
all assets combined are 14.27 billion dollars/1.45 trillion yen as can be seen here
http://www.marketwatch.com/investing/stock/ntdoy/financials/balance-sheet
I’m stupid and I don’t know what any of that means. Is that how much money Nintendo has? cuz if so, they are nowhere near “doomed”
They ARE NOT anywhere near doomed as a company
“assets” meaning everything the company possesses
that can be cash, real estate, machinery and so on
It was either a move like this or continue to watch their stock jump from person to person negatively impacting their share price overall. The more they control themselves, the better off theyll be for the future. You know, provided they actually do something…eventually.
For the love of god Nintendo please buy Capcom, it will save your ass and erase the “kiddy” image, nuff said
You mean Sega right?
Capcom saved the GameCube, it can save the Wii U.
Saved the Wii U? They ended up putting Resident Evil 4 on every other system!
*Gamecube
What about Resident evil 1 and the “Capcom 5” deal.
im still waiting on that guy to cut off his own head
who?
Sega is way to big to be bought.
they’ve had this “kiddy image” for 30 successful years
what makes you think it’s a bad thing?
^Right.
Kids were Nintendo’s primary focus and they still are. That’s who Nintendo is and that’s who they were. It’s just that, all those “kids” that loved Nintendo, now want them to change into something that they’re not, or not yet.
We’ve grown up.
i just dont agree with the sentiment that nintendos primary focus are kids
nintendo games are supposed to appeal to all audiences and they always did that
do you honestly believe nintendo would have been as successful as they were if their games had only appealed to kids?
i agree with you, by saying “we’ve grown up” sounds more like “we’ve become less mature” to me
Okay, maybe not their primary focus, but a big focus. Yes they do cater to all audiences. You are correct. That is why they are successful. Not enough time to explain on here, but kids are at least part of the reason. Nintendo had toys, cards, and instant rice before they made video games.
Bayonetta 2, that random new drug in Europe that’s 4 times stronger then ecstasy that’s CALLED NINTENDO. Hell even that Quality Of Life crap for people who are fitness nuts, those people are not kids but adults. Nintendo’s “kiddy” image is an illusion. Nothing more then the haters way of bashing Nintendo. Yes Nintendo targets the kids a bit to much, but its not all they target.
Yeag
Looks like it’s over for Nintendo.
Wow, that’s like officially the end of Nintendo as a family business. That’s something. End of an era.
Nintendo bought back their shares, so it actually makes them more of a family company. The less shares owned by outside investors, the more control Nintendo has over it’s destiny. So this isn’t a bad thing.
Now we will ascend to the stars and rewrite history!
They should’ve spent that on getting some games for the WiiU.
You never heard of NSMBU, 3D World, Pikmin 3, Wind Waker and Donkey Kong? Nintendo makes more games for it’s system more than the other two combined, the problem here is the third party support numbnuts
If only I understood the stock market.
That’s actually pretty great. They knew the prices would go down, so they made a plan to buy back some shares at a lower price, giving them more freedom to act as they please.
Now, give me MORE games on the Wii U! I hate having to buy wii games because of the lacking library of the Wii U,Aside from Pikmin 3, 3D World, DKTF, Wonderful 101( wich is soo fun )..