Nintendo plans to buy back up to ten million of its own shares

As part of its latest financial results released today, Nintendo has announced plans to acquire its own shares.

Up to 10,000,000 shares will be acquired in total by March 31, resulting in a purchase of up to 125,000,000,000 yen. Nintendo will be looking to buy back close to 8 percent of its stock.

Through the acquisition, Nintendo hopes to “improve capital efficiency as a flexible capital policy in accordance with changes in the business environment.”

Source, Via