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Nintendo Co Ltd (7974.T)

7974.T on Tokyo Stock Exchange

23 Sep 2016
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¥110 (+0.41%)
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Latest Key Developments (Source: Significant Developments)

Nintendo plans to adopt cartridges for its next-generation videogame console- WSJ
Friday, 2 Sep 2016 06:34am EDT 

:Nintendo co plans to adopt cartridges for its next-generation videogame console NX - WSJ, citing sources.  Full Article

Nintendo says subsidization of JESNET and the acceptance of assignment of business from AJIOKA
Thursday, 25 Aug 2016 03:00am EDT 

Nintendo Co Ltd <7974.T> : Says it plans to buy 60,401 shares (70 percent stake) in JESNET Co. Ltd. for 4,680 million yen, and will hold a 70 percent stake in JESNET after transaction . Acquisition effective on April 3, 2017 .Says on the same day (April 3, 2017 ) as JESNET becomes a subsidiary of Nintendo, JESNET will accept the assignment of the video game wholesale business from AJIOKA Co., Ltd.  Full Article

Nintendo says notice regarding sale of portion of ownership in entity which operates Seattle Mariners at $661 mln
Monday, 22 Aug 2016 09:29pm EDT 

Nintendo Co Ltd <7974.T>: Says its wholly owned subsidiary, Nintendo of America Inc., had started negotiations to sell a portion of its ownership in First Avenue Entertainment LLLP, which operates the Seattle Mariners Major League Baseball team . Says the sale has officially been closed following approval by the Major League Baseball organization .Says the sales amount is $661 million.  Full Article

MLB finalizes Seattle Mariners ownership transition
Friday, 19 Aug 2016 01:17pm EDT 

Nintendo: Approved sale of majority of Nintendo Of America's interest in Seattle Mariners to other members of current ownership group . Final financial terms were not disclosed . Financial impact of sale to Nintendo will be incorporated into Nintendo Co Ltd's next quarterly financial report . John Stanton assumes role as chairman and CEO of Seattle Mariners . Nintendo of America will retain 10 pct stake in team, regional sports network, remainder sold to members of First Avenue Entertainment LLLP . As part of sale, current CEO of Seattle Mariners, Howard Lincoln has retired . Lincoln will continue on as a member of FAE board of directors, representing Nintendo's ownership interests .Major League Baseball has approved sale of a majority of Nintendo of America's interest in Seattle Mariners.  Full Article

Nintendo lowers consolidated full-year outlook for FY 2016
Friday, 26 Feb 2016 02:00am EST 

Nintendo Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 500,000 million yen from 570,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 33,000 million yen from 50,000 million yen.Sees a decrease of ordinary profit forecast to 25,000 million yen from 55,000 million yen.Sees a decrease of net profit forecast to 17,000 million yen from 35,000 million yen.Sees a decrease of earnings per share to 141.52 yen from 291.35 yen.FY 2016 revenues of 545.09 billion yen, net income of 36.87 billion yen – Thomson Reuters I/B/E/S.Comments the strong yen and sale performance are the main reasons for the forecast.  Full Article

Nintendo to issue mid-year dividend and amends year-end dividend forecast for FY 2016
Wednesday, 28 Oct 2015 03:00am EDT 

Nintendo Co Ltd:To issue a mid-year dividend of 30 yen per share to all the shareholders of record as of Sep. 30, for FY ending March 2016.Payment date Dec. 1.Latest dividend forecast was an undetermined value.Amending year-end dividend forecast to 120 yen per share for FY ending March 2016.Latest dividend forecast was an undetermined value.  Full Article

Nintendo announces demise of president
Sunday, 12 Jul 2015 07:45pm EDT 

Nintendo Co Ltd:Says Satoru Iwata, president of the company, passed away on July 11.  Full Article

Nintendo to pay year-end dividend for FY 2015
Thursday, 7 May 2015 03:00am EDT 

Nintendo Co Ltd:To pay year-end dividend of 180 yen per share, above latest dividend forecast of 130 yen per share, for fiscal year ended March 2015.Record date March 31 and effective date June 29.  Full Article

Nintendo forms business and capital alliance with DeNA
Tuesday, 17 Mar 2015 03:30am EDT 

Nintendo Co Ltd:Formed business and capital alliance with DeNA, to jointly develop and operate game app and develop subscription services.To acquire 15,081,000 shares (10 pct stake) of DeNA from DeNA.DeNA to acquire 1,759,400 shares (1.24 pct stake) of Nintendo from Nintendo.  Full Article

Nintendo announces private placement of treasury stock
Tuesday, 17 Mar 2015 03:30am EDT 

Nintendo Co Ltd:To distribute 1,759,400 shares of its treasury common stock at 12,497 yen per share through private placement to DeNA.To raise 21,987,221,800 yen in total through private placement.Says placement date is April 2.Proceeds to be used in shares acquisition.  Full Article

Third Point's Loeb: BOJ move will be 'positive' for markets

NEW YORK Billionaire investor Daniel Loeb, whose Third Point hedge fund has recently pushed for change at Japanese companies, said on Wednesday that he approved of the Bank of Japan's monetary policy move, but added corporate reform is still needed to help revive growth.