Today after releasing its Q3 financial report, Nintendo included it has plans to reacquire 10 million of its own shares. The company will reacquire 8% of its outstanding shares by the end of March.
The company currently owns 13.8 million shares, but will be reacquiring 10 million more in a purchase totaling around 125,00 million yen. The financial report listed the reason for the acquisition as an effort “to improve capital efficiency as a flexible capital policy in accordance with changes in the business environment.”
[via Nintendo]
