Jan 29

Nintendo Looking to Buy Back Up to 10 Million Shares

Category: Uncategorized

nintendologogrey

Nintendo issued a notification to acquire its own shares in order to “improve capital efficiency as a flexible capital policy in accordance with changes in the business environment.”

The company is planning to spend up to ¥125 billion (≈$1.2 billion) from January 30 to March 31 to buy back up to 10 million shares, approximately 7.8 percent of their total outstanding shares.

For reference, there are currently 127,875,561 shares of Nintendo stock.

Source: Nintendo IR page (.pdf)

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