Nintendo Announces Plans To Obtain Up To 10 Million Of Own Shares

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All I will say is further info about Nintendo having issues.

Nintendo has confirmed in its Q3 financial report that it has plans to obtain up to 10 million of its own shares. As part of a meeting with the board of directors on January 29, the corporation has detailed that it will acquire almost 8 per cent of its outstanding shares – excluding those of the Treasury – by the end of March.

The company currently owns 13,793,439 shares, but is looking to purchase shares equalling 125,000 million yen. In the report Nintendo claimed that its reason for such acquisition was “to improve capital efficiency as a flexible capital policy in accordance with changes in the business environment.”

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