Nintendo Announce Stock Acquisition

At the meeting of the Board of Directors held today in Kyoto, Japan, Nintendo Co., Ltd. announced it would acquire (buy back) up to 1,000,000 shares (0.83% of the total number of shares outstanding excluding treasury shares) totalling up to 33 billion yen ($298 million) in order to “implement a flexible capital policy in accordance with changes in the business environment”. Nintendo also announced they are cancelling 10 million of its treasury shares.

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