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Nintendo’s share price has been on a continuous rise for the past eight days, hitting a new record for the first time in nearly five months (source: Otaku Soken). At the time of the market’s closing on December 4, the company’s stock price had risen by more than 1,000 yen, reaching 9,210 yen.

On November 13, it was reported that the PIF, Saudi Arabia’s sovereign wealth fund, reduced its stake in Nintendo to 6.29%. But on December 2, Reuters reported that the Japanese government received a change report in which the PIF’s stake was further lowered to 5.26%.

According to Kabutan, the fact that the PIF has finished trimming its stake in Nintendo has had a positive effect on investor sentiment. The additional 1% reduction of the Saudi Arabian fund’s stake is believed to have brought a sense of stability to the market.

Another driving force behind Nintendo’s shares rising is speculation about the Switch’s successor being planned for launch in early Spring next year. In addition, a NET Securities Analyst tells Kabutan that recent talk of Sony Group proposing to acquire Kadokawa has become a catalyst for people to reevaluate Nintendo’s IP development capabilities.

Nintendo shares rise for 8 consecutive days, reaching record high in response to Saudi Arabian fund lowering its stake to 5.26% - AUTOMATON WEST

Nintendo's stock price has reached a record high since listing, fueled by the reduction of the PIF's stake and speculation about the Switch 2.

automaton-media.com

 

[IAmRei]

I guess this is one of the reason that there is praying room inside last tokyo game show

 

[SHA]

Nintendo having tough time marketing the switch 2 and not marketing it at the same time.

 

[AndrewRyan]

Not sure why selling such a large stake would cause the price to rise- should be the opposite.

 

[Unknown Soldier]

Not sure why selling such a large stake would cause the price to rise- should be the opposite.

It's because a man decides and a slave obeys

 

[Mister Wolf]

I'm in the green on it. Hopefully it takes off when Super Switch is announced.

 

[GHG]

It's probably Phil buying up the shares.

 

[Team Andromeda]

What a match, both are scum