Nintendo has announced that they have bought stocks in JESNET Co. Ltd. This means that the Japanese company will become a Nintendo subsidiary. They have been handling the distribution of Nintendo products in Japan for several years. However, the purchase will allow Nintendo to handle all distribution internally with JESNET’s strong stocking and sales network. JESNET Co. Ltd officially becomes a subsidiary of Nintendo on April 3rd. Nintendo’s Board of Directors had this to say:
JESNET and AJIOKA have been the largest-scale companies dedicated to handling Nintendo products in Japan for many years, selling mainly video game systems through their nation-wide distribution network. [We acquired them to] unify Nintendo’s product development acumen with JESNET’s and AJIOKA’s robust stocking and sales networks.