Crown Prince of Saudi Arabia, who acquired SNK, now owns shares in Capcom and Koei Tecmo as major shareholders of Nintendo.
According to a report submitted to the Ministry of Finance, the Public Investment Fund (PIF), a government-affiliated fund in Saudi Arabia, holds about 6.5 million shares of Nintendo, which is 5.01%, and is the fifth largest shareholder. It became clear.
Saudi Arabia's PIF acquires 5% stake in Nintendo | Financial Times
Saudi Arabia's PIF Takes 5% Stake in Nintendo, Adding to Games Investments --Bloomberg
https://www.bloomberg.com/news/articles/2022-05-18/saudi-arabia-s-pif-adds-to-games-push-with-5-nintendo-stake
The Financial Times, a British economic newspaper, reported on May 18, 2022 that PIF had acquired 6.5 million shares of Nintendo. Looking at Nintendo's (PDF file) mass holdings report published by EDINET under the jurisdiction of the Financial Services Agency, it is stated that PIF certainly holds 6,509,100 shares, which is 5.01% of Nintendo's issued shares. It has been.
by EDINET
According to the report, PIF spent about 410 billion yen on this purchase of shares. As a result, PIF is reported to have become Nintendo's fifth largest shareholder.
PIF also has about 5 shares of Japanese game maker (PDF file) Capcom and (PDF file) Koei Techmo , and Korean game maker but listed on the Tokyo Stock Exchange (PDF file) Nexon . % It is clear that you own it.
One of the reasons PIF is buying up stocks of Japanese-based gaming companies is its interest in Japanese content. Hideki Yasuda, an analyst in charge of the game industry at Toyo Securities, told Bloomberg, 'Saudi Arabia is stepping up its efforts to develop its own content industry, and to learn a series of investments in Japanese game companies from Japan. Probably. '
Crown Prince Mohammed bin Salman of Saudi Arabia, chairman of PIF, established a foundation to take over Saudi Arabian companies that were found to hold 96.18% of the stake in Japanese game maker SNK in April 2022. He is known for his high interest in Japanese games and anime.
It turns out that the Crown Prince of Saudi Arabia Foundation owns more than 96% of the shares of SNK that developed 'FATAL FURY' and 'Art of Fighting' --GIGAZINE
by Manuel Sagra
In addition, because the Japanese yen is cheaper than other currencies due to the monetary easing policy implemented by the Bank of Japan, Japanese stocks denominated in dollars are also cheaper, which makes it cheaper for overseas investors. That is one of the reasons. The purpose of acquiring PIF shares stated in each company's large-volume holding report is 'investment.'
Tomoya Kurihara, an analyst at the Tokai Tokyo Research Center, told Financial Times, 'PIF's interest in the Japanese content industry is quiet for institutional investors in Japan, the world's third-largest content market. It shows that we are looking at. '
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