Nintendo Completes Share Buyback with Contributions from Yamauchi Family

Nintendo has completed a buyback of 9.5 million shares this week, in a bid to ensure financial stability.

The move was highlighted last week after a dismal year of trading with the Nintendo Wii U, and a less-than-expected but still strong year with the 3DS. The official report also confirms that the Yamauchi family have sold back a portion of their own cut in the company. Hiroshi Yamauchi was the former Nintendo CEO who brought the company to fame, helping launch the NES, SNES and Game Boy, until stepping down to advisor back in 2002.

The total amount bought back was for a rather hefty 114,237,500,000 yen (£689,537,550 / $1128,438,025) and was completed yesterday, February 4th.

Will the move help an ailing Nintendo improve over the next twelve months?