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Nintendo is a Japanese video game and game system company headquartered in Kyoto. The company was founded in 1889 by artisan Fusajiro Yamauchi under the name Nintendo Karuta and originally produced handmade "hanafuda" playing cards.
Performance indicators
2021: Revenue from the sale of games - $8.1 billion
History
2023
Nintendo resumes digital store in Russia
Nintendo resumes the eShop digital store in Russia. At the same time, the store will continue to operate only in a limited mode. The company announced this at the end of May 2023. Read more here.
The head of the Russian office of Nintendo has created a new company for the import of games and consoles in the Russian Federation
Nintendo CEO in Russia (Nintendo Ru LLC) Yasha Haddazhi created and headed a new company called Achivka, which began importing games and other Nintendo products into the Russian Federation. This became known on April 9, 2023. Read more here.
2022: Saudi sovereign wealth fund buys $3bn stake in game console maker
In mid-May 2022, the Saudi Arabia Sovereign Wealth Fund (Public Investment Fund of Saudi Arabia) acquired a 5.01% stake in Nintendo, a game console manufacturer. According to The Wall Street Journal, the cost of the purchased share is $3 billion.
Saudi Arabia's sovereign wealth fund is one of the largest sovereign wealth funds in the world with total assets of $500 billion. The fund was set up to invest on behalf of the Saudi government. The fund's portfolio includes about 200 investments, about 20 of which are listed on the Saudi Tadawul Stock Exchange. The fund invests in projects through capital investments, loans or guarantees.
The deal to acquire a stake in Nintendo makes Saudi Arabia's sovereign wealth fund the fifth largest shareholder in Nintendo. According to the agency, the purchase was made for investment purposes. According to Toyo Securities analyst Hideki Yasuda, Saudi Arabia is looking to build its own video game industry, and investments in Japanese gaming companies are likely designed to help Saudi Arabia learn from Japanese developers' expertise in the field.
Since 2021, Saudi Arabia has been actively investing in the gaming industry and acquiring stakes in video game developers and publishers, as well as in esports clubs, with a greater interest in the Japanese market. In February 2021, the Sovereign Fund acquired shares of Activision Blizzard, Electronic Arts and Take-Two Interactive for a total of $3 billion. In February 2022, the organization bought a 5% stake in Capcom and Nexon - they cost it $1 billion. In February 2022, the fund disclosed shares of more than 5% in two gaming companies registered on Japanese exchanges: Capcom, the creator of the Street Fighter and Resident Evil franchises, and online game provider Nexon, according to Bloomberg, the transactions cost the fund $1 billion.[1]
2021: Number of Nintendo consoles sold in all years
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