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Saudi Arabia wealth fund raises Nintendo stake to 6%

IbizaPocholo

NeoGAFs Kent Brockman

Saudi Arabia's Public Investment Fund (PIF) has increased its stake in Japan's Nintendo Co Ltd (7974.T) to 6%, a filing showed on Thursday, reflecting the sovereign wealth fund's growing exposure to the Japanese video gaming industry.

PIF's stake in the Kyoto-based company has risen from 5.01% to 6.07%, according to the ownership report filed with Japanese regulators.
 

feynoob

Banned
Surprised Meme GIF


Saudi arabia seems to be on roll these days with their investment.
 

jigglet

Banned
Is there a limit on them? Whats the % they have listed? I don't know much about these things.

I'm no expert, when I owned Nintendo stocks it was via non traditional method (ADR's).

% listed doesn't necessarily tell the whole picture, they could have all of it listed but still own most of the stocks so they would be at zero chance of a takeover. In fact they embarked on quite a heavy buy back a while back I think.

I don't know how it works in Japan but in many countries you can keep buying until you hit a certain limit, at which point you need to propose a buy out / takeover. Again I'm no expert in this field.

At the point of attempting a buy out you'd be subject to whatever sort of laws they have in place in Japan. Generally in Japan the government are going to make it hard for foreign entities - much less foreign governments - to take over.

Anyway there's no real threat here. The Saudi's are dirty fucks that want to make money. Contrast that with the Chinese, who are dirty fucks that also want to make money, but are really here to gain leverage in other ways that are actually worth worrying about.
 
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Spyxos

Member
Where does this strong interest of the Saudis in gaming suddenly come from? They buy up almost everything now.
 

Tams

Gold Member
Enlightened us with you clever words then go on

You're telling me that you don't know what a publicly traded company is, what acquisitions are, what regulation is, that fossil fuels are finite, and that investing is a safer use of money?
 

Lunarorbit

Member
I thought Nintendo don't allow this? I didn't know others could own parts of it.
You know why you thought this? It's cause people on the internet probably told you that because they think the Japanese government wouldn't allow investment in a cultural touchstone like Nintendo. I saw this a bunch on the last year.


Oh and China officially took over tiktok and tencent with "golden shares" which means they get 1% ownership but get to appoint a director to the board that only has 3 members. And they retain creative control.

So that's a big fuck you to everyone who has their head up their asses and told me tencent wouldn't be taken over by the Chinese government. That's why I'm pissed Sony is letting them invest.

And people are angry over jk Rowling and hogwarts legacy. This shit is the real danger. Fuck the Saud government too
 
Making the move into the entertainment industry spesifically video games is the best move they will make. Once Oil is gone and the world begins to run on that lithium they'll be sitting cosy.
 

belmarduk

Member
And people are angry over jk Rowling and hogwarts legacy. This shit is the real danger. Fuck the Saud government too

Their unprovoked war in Yemen which has resulted in the loss of life of millions.
Their continued treatment of women as property.
The execution of gay people.

but no... JK Rowling is the most important issue. I hope Hogwarts Legacy sells 50 million copies just to knock these egomaniacs down a few pegs.
 

Airbus Jr

Banned
You're telling me that you don't know what a publicly traded company is, what acquisitions are, what regulation is, that fossil fuels are finite, and that investing is a safer use of money?
i know i just dont like this news

what business arabic government trying to do with buying a japanese videogame company

have a nice day
 
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AMSCD

Member
You're telling me that you don't know what a publicly traded company is, what acquisitions are, what regulation is, that fossil fuels are finite, and that investing is a safer use of money?
Why do you only speak in riddles?
 

Bernkastel

Ask me about my fanboy energy!
Nintendo must be 100% Japanese as always
what business arabic government trying to do with buying a japanese videogame company
Nintendo just shot themselves in the foot.

I don't know how much the rest of you know about Japanese culture (I'm an expert), but honor and shame are huge parts of it. It's not like it is in Saudi Arabia where you can become successful by being an asshole. If you screw someone over in Japan, you bring shame to yourself, and the only way to get rid of that shame is repentance.

What this means is the japanese public, after hearing about this, is not going to want to purchase the next Mario game, nor will they purchase any of Nintendo's games. This is HUGE. You can laugh all you want, but Nintendo has alienated an entire market with this move.

Nintendo, publicly apologize and cancel your business with the Saudis or you can kiss your business goodbye.
 

Airbus Jr

Banned
Games Industry is bigger than music and film combined. Let it sink in. The Saudis have.
by what statistic?

is it really that big? not according to this nintendo isnt that big

from Fortune's Global 500 list


Here is the list of the biggest companies of Japan in 2022:


RankCompanyFortune Global 500 RankRevenue ($M)Headquarters
1Toyota Motor13279338Toyota City
2Mitsubishi41153690Tokyo
3Honda Motor61129547Tokyo
4Itochu78109434Osaka
5Nippon Telegraph & Telephone83108216Tokyo
6Mitsui88104665Tokyo
7Japan Post Holdings94100278Tokyo
8Hitachi11391375Tokyo
9Sony11688321Tokyo
10ENEOS Holdings14080133Tokyo
11Seven & I Holdings14778458Tokyo
12AEON14878155Chiba
13Marubeni15775743Tokyo
14Nissan Motor16174995Yokohama
15Nippon Life Insurance16474392Osaka
16Dai-ichi Life Holdings16773082Tokyo
17Toyota Tsusho17271465Nagoya
18Panasonic19365774Osaka
19Nippon Steel Corporation21460612Tokyo
20SoftBank Group23455384Tokyo
21Mitsubishi UFJ Financial Group24054087Tokyo
22Idemitsu Kosan25052336Tokyo
23Tokio Marine Holdings25352199Tokyo
24Denso27849099Kariya
25Sumitomo27948916Tokyo
26KDDI28148486Tokyo
27Tokyo Electric Power29047269Tokyo
28MS&AD Insurance Group Holdings30945685Tokyo
29Mitsubishi Electric35139852Tokyo
30Daiwa House Industry35439520Osaka
31JFE Holdings35838858Tokyo
32Meiji Yasuda Life Insurance37737516Tokyo
33Sompo Holdings38337099Tokyo
34Sumitomo Mitsui Financial Group38836597Tokyo
35Mitsubishi Chemical Holdings40135403Tokyo
36Mizuho Financial Group40435279Tokyo
37Aisin40934873Kariya
38Mitsubishi Heavy Industries41834364Tokyo
39Sumitomo Life Insurance44232042Osaka
40Canon44432005Tokyo
41Fujitsu44631930Tokyo
42Takeda Pharmaceutical44831771Tokyo
43Suzuki Motor44931765Hamamatsu
44Sumitomo Electric Industries47629980Osaka
45Toshiba48029705Tokyo
46Bridgestone48429570Tokyo
47Medipal Holdings48929296Tokyo
 
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Azelover

Titanic was called the Ship of Dreams, and it was. It really was.
Almost half the amount Yamauchi had. It's a pretty sizeable chunk..
 
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Tams

Gold Member
Why do you only speak in riddles?
That was just a list of very basic concepts. Things everyone should be aware of.

If that's too much for you, then you really need to get yourself back into education.
 
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