190°

Nintendo Buying Up to $1.2 Billion of Their Own Shares

Nintendo, following their Q3 financial reports, intends to buy back 10 million of their own shares. As a publicly traded company, the investors are looking to nearly double the amount in Nintendo's treasury from about 13 million shares to 23 million. This deal is slated to happen by March 31st according to their Notification of Acquisition. According to current yen to US ratio, this buy back would settle more than $1.2 billion in stock.

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Becuzisaid3733d ago

Can't wait for the headline "Nintendo fires Iwata".

thorstein3733d ago (Edited 3733d ago )

Followed by "Nintendo Plans to Release New Console by 2016"

uptownsoul3733d ago

Followed EXTREMELY closely by Super Mario Bros

-Foxtrot3733d ago (Edited 3733d ago )

...and Metroid, Starfox, Earthbound, Luigis Mansion 2 (an actual console sequel) and maybe F Zero.

I'd cry if they released a new Earthbound game

TomShoe3733d ago

Followed by "Super Mario Bros: The Movie 2 announced" :P

JoGam3733d ago

Followed by 20 Tens reasons Nintendo next console will fail articles per day on N4G. Smh

thorstein3732d ago

Followed by "Super Smash Bros. vs Marvel"

+ Show (2) more repliesLast reply 3732d ago
PSNintyGamer3733d ago

Only to replace with someone exactly like him.

-Foxtrot3733d ago

Like what Square Enix has done....never thought of that. It's kind of a risk isn't it.

Ausbo3733d ago

nintendo should just do what they do best. That is making great first party games. I know its kinda sick to say this, but they should just be a third party developer and release on other consoles.

I grew up on nintendo games, and their consoles, but nintendo is failing. They don't support third parties, they have lost the casual and their consoles don't compare to their competitors. I LOVE NINTENDO, but they need to change to survive.

+ Show (1) more replyLast reply 3732d ago
DC7773733d ago

Especially before someone buys them out with all this wacko go on smartphones and other platforms obsession going around.

Good move regardless. IBM has been keeping it's value up for years doing this type of stuff.

cleft53733d ago

This seems like a move on Nintendo's part to consolidate their power so that they aren't beholden to ignorant investors that think only of profit with no long term outlook.

Wouldn't it be interesting if Iwata gave an inflated, unrealistic report of how many WiiUs they would sell to lower the stock price, knowing it would return to normal but put investors in a state where they would be eager to sell stock. I don't know, that seems a little extreme, but wow if it was true what an insanely brilliant move on their part it would be.

DC7773733d ago

It could be true I would suppose it would go well with their silence on release dates for most of the bigger games coming this year. Time will tell.

lmcontaldi3733d ago

Anyone here good with finance and want to give me a run down on what exactly is happening?

Is this something to do with Yamauchi's inheritance or is this a savvy power play?

theEx1Le3733d ago (Edited 3733d ago )

Essentially it keeps the companies value up, as there is less shares to trade. However it may also be a power play from within the company, but I'm not really to sure to be honest.

kneon3733d ago

That's how it's supposed to work, but usually the effect is short lived. If investor sentiment remains negative then the stock will just go down again.

Personally I believe share buy backs are usually a waste of capital. If they want to prop up the stock and return value to investors then dividends is a better approach.

jgrigs093733d ago

When a company do share repurchases( stock buy back) it could mean many things. They want the value to go up in their company, is like theEx1Le said. Another reason to me which seems more reasonable. Would be they want to buy back those shares so there are less shares to be bought. They could retire those shares or use those as re-issurance or keep them in treasury stock. Also when companies generate a lot of cash and spend less on capital they put that on their balance sheets. Which makes them a target. Which leads to be taken over. There is a lot more to it, i'm just trying to sum it up as short as i can.

Demoa3733d ago

nintendo just stop please

lilbroRx3733d ago

Just stop having the best selling games and being the most recognizable gaming company? No, that is not going to happen.

deadfrag3733d ago

Stop what?This is actually a great move it will allow Nintendo to own themselfs and not be at the mercy of greedy share holders!

OhMyGandhi3733d ago (Edited 3733d ago )

they are a couple releases away from "angry birdy" their core franchises.
I love Nintendo. I love Sony. I love Microsoft. They all have great things going for them. Have each company made their fair share of mistakes? of course.
Do I blindly follow any particular company, blissfully ignoring their shortcomings while singing their praises as "the superior company". No.
Nintendo needs to get their sh*t together. Microsoft needs to chin up and figure out what it wants to do with itself. I don't much care for the ambiguous "it's an entertainment center!" sentiment. It's very much competing against other "entertainment centers" like the Wii-U and PS4.

While none of that has anything to do with Nintendo buying back it's own stock, and Iwata cutting his salary in half, it has everything to do with honesty and integrity. All three companies are in the business of making money. There's no, "I'm your best friend" regardless of whatever caffeine induced PR head says otherwise.

It's up to us to decipher headlines like these, but take every rant or sleight against a particular product with a grain of salt. Do not blindly align yourself with a company that you think owes you something, nor wish for the impending failure or bankruptcy of said video game company.

Show all comments (31)
80°

Nintendo's Massacre Of The 3DS And Wii U Is Finally Complete, Regrettably

Hanzala from eXputer: "The cruel hammer of Nintendo has fallen. Farewell, 3DS and Wii U, you surely brightened my life and many others; you won't be forgotten."

280°

Xbox's Preservation Step Sets A Much-Needed Example, Especially For Nintendo

Hanzla from eXputer inquires: "If Xbox can care about preserving its games and legacy, what exactly is wrong with Nintendo, trying to kill game preservation single-handedly?"

purple1015d ago

Ahh yes the good old game preservation of saving all your games to a removable hhd on the Xbox 360, taking it round your mates house, setting up multiple tvs to
Be met with “save data corrupted, please re download”

Or how about removing 360 games
From the store
, download them now or else, and, better hope to god that save data doesn’t corrupt, or it’s lost for ever

Nice one ☝️

Zeref5d ago

It's better than what Nintendo and Playstation is doing. It might not be perfect but at least they are TRYING. Unlike the others.

DarXyde5d ago

Trying? Take off the blinders for a moment, mate.

1. A failure to preserve games is just that: a failure to preserve games. Don't try to sugarcoat it: NO ONE is doing it properly. Better than awful is nothing to write home about.

2. At the time of this comment, isn't it the case that you need an internet connection to play Xbox games even if you buy physical discs that are hardly in circulation anymore? I don't have a Series X and I can't verify, but I think that is correct. I'm fairly certain you can at least play PS5 games at version 1.0 (not much of a win really when many games require day one patches). I think Microsoft's all digital, licensing approach is by far more aggressive than anyone else's. They really try to push you to game pass where you lose your entire library by umm.... Skipping a month of payments.

I don't think anyone is doing it right whatsoever. Don't get me started on Nintendo, who goes after anyone looking to preserve their games better than they ever would with extreme litigation.

Don't be a simp for any of these companies. Get it together.

PhillyDonJawn5d ago (Edited 5d ago )

@DarX never speak on Xbox again. You lost all credibility with your internet connection comment. Smh you have 0 clue and misinformed yet speaking on something you don't no squat about.

Einhander19725d ago

What has Sony done exactly? You guys keep deflecting to Sony but I am not actually seeing any results, and ai am certain nothing that you can come up with even comes close to what Microsoft has done and what they have tried and failed to do, like tie all your disks to your account on xbone.

Microsoft removed their whole indie section when they moved to the xbone because they were going to only allow games on the service that came from a publisher, id@xbox started after xbone launched and it only exists because Sony embraced indie and Microsoft was forced to cancel their plans and reverse course.

And every single game that was part of games for windows live including disk games (I have gta 4 on disk that won't work) so hundreds of games that use that DRM no longer work unless the company themselves patched it out which of course very few did.

MrBaskerville5d ago

Not trying. Tried. they killed of the backcomp program years ago. They set something up again, but sounds like it's more of an attempt to save the current library on whatever they are planning next. With luck they save everything and more, but let's see. I could see them killing off parts of the OG xbox and 360 libraries. Can't imagine that they would allow us to play Forza 5-7 in the future.

With that said, I do like what they've done and really wish they could have done more.

shinoff21834d ago

Zeref

So killing off physical media is trying what exactly. Ms don't really give a fk if you think they do your kidding yourself.

Profchaos4d ago

They are not trying this team is established for forward compatability the team is. It interested in preserving Xbox or 360 games.

+ Show (3) more repliesLast reply 4d ago
isarai5d ago

Is that why Hellblade 2 is digital only?

Zeref5d ago

Just because it's digital only doesn't mean you can't preserve it. Just put it on an external and you have the exact same functionality of what a disc does.

MrNinosan5d ago

Guess you're trolling, but if you actually think that's how it works, I'd recommend buying some braincells.

mkis0074d ago (Edited 4d ago )

Volitile vs nonvolitile data. A disc will not corrupt either. A drive can be corrupted.

Einhander19725d ago

This is just a scammy PR move to distract from the fact they are going digital only and trying to push streaming and subscriptions only.

No gaming company has pushed harder to remove ownership than Microsoft.

Without discs there is no preservation, preservation can't be done by the rights holders it can only be done by the consumers, anything else is a lie.

5d ago Replies(3)
Einhander19725d ago

Anyone remember xblig which Microsoft removed their whole 360 indie section removing hundreds of games from people?

5d ago
5d ago
Zeref5d ago

Do you know you can put your games on an external and preserve them that way? There are no benefits to discs. ZERO. Idk why some of you are still obsessed with them.

DarXyde5d ago

Because games like Persona 5 exist. It's STILL V1.00. On Playstation, that's a win because 1.00 is installed on the disc—no need to download anything.

If a game does not require any updates, it's all on the disc.

Extremely low bar in the modern era, of course. It's not much of a win by any stretch.

But for now, physical media does have a purpose, at least on Playstation.

Einhander19725d ago

That is factually not how game licensing works, try plugging your hard drive into someone else xbox, It's not going to work, and it won't work if the licensing servers ever go down.

Einhander19725d ago

Anyone remember games for windows live.

I have around a dozen games, some on Steam itself that will not work because Microsoft shut off the licensing servers.

BehindTheRows5d ago (Edited 5d ago )

I do. I STILL have games (Gears of War being the big one) I cannot access because Games for Windows LIVE is total garbage and no one has held Microsoft accountable.

Zeref5d ago (Edited 5d ago )

You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership.

Chevalier5d ago

"You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership."

Damn how many times do people got to explain your idiocy to you? You can take a copy of Persona 5 like someone used as an example and play that game on ANY console WITHOUT logging in which means I can lend the game to a friend without internet and they can play my game. Can you lend your hard drive to anyone without logging in for them to play? NOPE. That is a huge difference and if you think otherwise then sorry you're an idiot.

Tacoboto5d ago

"No gaming company has pushed harder to remove ownership than Microsoft."

Ubisoft is literally erasing games people bought from their libraries... My PS1-3 discs are useless on modern hardware. Nintendo's re-published and resold almost their entire Wii U library, and the eShop is completely dead with no BC mechanism in the Switch software. Microsoft publishes everything they make today day one on Steam and Xbox/Windows. Sony only brings to PC the titles they think you might want some years later and Nintendo won't even design a functional long-lasting joystick.

You're absolutely trolling and not serious if you think Microsoft today is the worst offender.

shinoff21834d ago

Yay steam

Not everyone fks with computers though. The disc is still the best way as a console player. Period.

Tacoboto4d ago

How do Sony and Nintendo feel about these discs from 2001-2013?

Don't be stupid, you know Xbox is the best at this today.

+ Show (3) more repliesLast reply 4d ago
Hofstaderman5d ago

Nobody wants this. Sales or the lack of it in the case of XBOX is very telling. I wonder how the adorably all digital series X will fare. Adorably dismal perhaps?

crazyCoconuts5d ago

Only time will tell, but for from someone like me suspecting that Xbox is trying to gracefully exit the console market, that "forward compatibility" team is trying to get Xbox games playing on Windows PCs. I mean, it's nice that they're not planning on exiting with a "enjoy your games while the hardware still works" message, so that's nice. They still have a brand to protect via Microsoft so probably feel obligated to have a better exit strategy.

Xeofate5d ago (Edited 5d ago )

That is not their plan, their plan is to transfer users accounts to the cloud.

Phil Spencer himself said as much a few months back, plans could have changed but I think people are reading way too much into one statement where Phil said he would allow Epic on xbox because he wants to be able to sell xbox games directly on other platforms. Aka, instead of selling Sea of Thives through PSN he wants to have an xbox store to sell his games on PlayStation without giving PlayStation any money.

Again, it's extremely unlikely that Phil plans to put PC on xbox and licensing would prevent them from just giving out other publishers games purchased on xbox copies of thier games on PC, Microsoft does not own their games.

crazyCoconuts4d ago

The thing that doesn't align with the cloud strategy is the giving up on exclusives. You'd still need strong exclusives for cloud streaming - it's still a "platform" , just with a lower upfront hardware investment. I feel like they've learned what PS learned with PSNow long ago. We're not ready to stream games and it's only gonna lose them money to try at this point

FinalFantasyFanatic4d ago

I would love that, I'd buy up some of the Xbox games if they could run on PC, like the Rare Replay, Lost Odyssey and Dead or Alive Ultimate, probably a pipe dream though.

Show all comments (43)
90°

Nintendo's War Against Player-Made Content Will Hurt The Company In The End

Danish from eXputer: "Nintendo has historically gone against player-made content and emulation of its games. This has done much to harm the company's image."

XiNatsuDragnel12d ago

I agree nintendo hire some these folks to help in your games it'll help imo.

banger8811d ago

They need to stop announcing these mods and fan remakes until they're finished. Finish it, upload it, and then if Nintendo dmca's it tough shit. Once it's online, people can share it around, even if the original download gets taken down.

Jingsing11d ago

True, but most modders need constant admiration during the process to motivate them.

PRIMORDUS10d ago

Yup, once it's a torrent nothing can be done Nintendo is helpless at that point. But it would be wise if they just had a site on the dark web, it's also easy to use with Tor and no one will bother you.

mastershredder10d ago

This is all coming from the mouth of short-sighted fandom and grifting madness.
No.... it wont. There is a clear defined reason why they don't. This is nothing new. Make your own shi7 from your own original ideas especially if you are trying to capitalize of it it. Duh.

Yeah, hire people that have zero respect or understanding for an established process. Wow. Yep. Totally makes sense.

shinoff218310d ago

Those guys that made that sonic game got a gig from sega or something along those lines and that game was dope as hell. One of the best sonics as of late.