July 4, 2022 4:19 pm Published by Leave your thoughts

“We are aware that reducing the cost for each stock trading unit is one effective measure to expand our investor base and enhance the liquidity of our stock, and we have been carefully discussing its possibility.”

As part of Nintendo’s 82nd Annual General Meeting of Shareholders, the Big N was met with plenty of worthwhile questions. With an English version of the full Q&A finally available, we get to hear everything Representative Director and President, Shuntaro Furukawa, had to say on all manner of subjects.

In this particular piece, Shuntaro Furukawa addresses splitting Nintendo’s stocks:

Shuntaro Furukawa

Shuntaro Furukawa on Splitting Nintendo’s Stocks:

Regarding the stock split, we plan to split the common shares at a ratio of 10 for 1, with
September 30, 2022 as the record date and October 1, 2022 as the effective date. We are aware that reducing the cost for each stock trading unit is one effective measure to expand our investor base and enhance the liquidity of our stock, and we have been carefully discussing its possibility. We made the decision to split our stock after comprehensively taking into consideration such factors as the restructuring of the Tokyo Stock Exchange market, future outlook of the stock market, current Nintendo share price, and liquidity.

Our basic policy regarding treasury share buybacks remains the same, which is to do so as necessary based on the business environment, share price, and stock market trends. Information related to such initiatives must be disclosed in a timely manner in accordance with the rules of the stock exchange, so we cannot describe the specifics of when and how it will be implemented. Since factors such as the business environment and share prices are also subject to change, we intend to continue to carefully discuss this based on the situation in future. However, this does not mean that we have made any major changes in our approach.

Source: Nintendo

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This post was written by Jack Longman

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