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[Tripon]

TOKYO—An American mutual-fund company has become the largest shareholder in Nintendo Co., placing a growing bet on signs of a revival in the Japanese videogame company’s fortunes, a regulatory filing shows.

Capital Research & Management, the investment adviser to the American Funds family, owned a 16.4% stake in Nintendo as of this week, according to a filing with Japan’s Finance Ministry. That was up from 15.3% in early March.

A surge of foreign investment has driven the Nikkei Stock Average to near its highest levels in 15 years, and Nintendo has been one of the biggest beneficiaries of late. Since February its shares have risen more than 80%.

While Third Point is known for its activist stance, Capital Research & Management is a quieter investor. The company said in the filing that the purpose of the investment in Nintendo was to generate “profits for customers in and outside of Japan.”

http://www.wsj.com/articles/u-s-mutual-fund-becomes-top-nintendo-shareholder-1432277440

Capital Research held 15.29 per cent of all Nintendo stock back on March 10. It bought more shares after Nintendo announced March 17 that it has joined forces with mobile app company DeNA to produce games for smartphones. Foreign investors are counting on Nintendo to take full advantage of its wealth of popular characters to generate profit in the new market, according to Daiwa Securities analyst Satoshi Tanaka.

Nintendo shares are sitting at a roughly four-year high due to expectations that its smartphone games will add to earnings. "Capital Research may continue to buy more stock, which might prop up the price," says Tanaka.

http://business.asiaone.com/news/us...intendos-top-shareholder#sthash.Krsv19uo.dpuf

 

[AmyS]

Never doomed.

 

[ScOULaris]

Glad to see people investing in Nintendo again. They're making some smart moves as a company as of late, and I'm always happy to see them succeed.

 

[badb0y]

Dat mobile potential.

 

[GG-Duo]

While Third Point is known for its activist stance, Capital Research & Management is a quieter investor.

Whew. Iwata still has some time, it seems.

 

[Nintendojitsu]

As expected with the weaker Yen.

 

[maquiladora]

Dat mobile potential.

Pretty much. Exciting times.

 

[BY2K]

As expected with the weaker Yen.

I think it has more to do with their move to mobile.

 

[atr0cious]

A rising tide lifts all boats. Hope this helps.

 

[valkillmore]

Nintendo will be a part of our lives for the rest of our lives, and I love it.

 

[Rich!]

Nintendo will be a part of our lives for the rest of our lives, and I love it.

100 more years of doom

 

[Madao]

sometimes you have to die to live.

 

[Data West]

Angry Kirby for everyone

 

[Relaxed Muscle]

Nintendo will be a part of our lives for the rest of our lives, and I love it.

Can't wait their mobile games for the Iphone 2040

 

[Nintendojitsu]

I think it has more to do with their move to mobile.

That certainly helps but the bargain is what should really be highlighted.

 

[Kevinroc]

I expect that there is more to this than just mobile. We should definitely be seeing more things like Nintendo's deal with Universal. Nintendo's IPs are going to break out in a way they never have before.

 

[yankeeforever2]

The good news is that its not an activist investor.

 

[Nightbird]

So not doomed for the first time in over 100 years?

 

[Jims]

Interesting. Nintendo seems to be at kind of a crossroads these days, so it looks like they're really banking on the Japanese gaming market straightening out. Will probably start seeing a bigger worldwide push with their licensing too, even after the Universal deal. Makes me wonder if a movie actually is in it works? Investors love a potential movie deal.

 

[Overside]

So not doomed for the first time in over 100 years?

Nintendo has touched mobile, so now mobile is also doomed.

 

[Gonzo The Great]

Never doomed.

So not doomed for the first time in over 100 years?

Nintendo has touched mobile, so now mobile is also doomed.

There are more sarcastic "NINTENDO IS DOOMED LOL" posts than people who believe that the company is "doomed" based on the Wii U's wretched performance. It's getting tiresome.

It is nice to see some good news for once, though.

 

[foxuzamaki]

That's a hell of alot of stock.