Nintendo has purchased 114.2 billion JPY in equities in a share buyback from the family of deceased company founder and former CEO Hiroshi Yamauchi. Yamauchi owned circa 10 per cent of Nintendo’s shares on his death last September.
Nintendo has confirmed that the company acquired 9.5 million shares via the Tokyo Stock Exchange from the Yamauchi family at 12,000 JPY per share.
As reported earlier, Nintendo revised fiscal year sales forecasts downwards in the company’s latest third quarter report, including sharply decreased 3DS and Wii U sales estimates.
