Nintendo buys $1.1 billion a it be own shares, Yamauchi family contributes
Nintendo has bought back 9.5 million shares a it be own stock, valued at 114.2 billion yen ($1.1 billion), in it be first step t' stabilize the company's changing financial situation. The family a Hiroshi Yamauchi, Nintendo's late ('n great) CEO, sold back a portion a it be shares during this buyback, according t' the acquisition document. We got wind a the Yamauchi family's involvement yesterday.
Nintendo's year-on net profit fell by 30 percent in the final nine months a 2013, pulled down mainly by poor Wii U sales, the company reported. Net profit during this time be 10.2 billion yen ($99 million). Nintendo expects t' post a net loss a 25 billion yen ($242 million) for it be fiscal year ending in March.
Nintendo CEO Satoru Iwata 'n his board crew be taking temporary pay cuts, French news outlet AFP reported. Iwata will take half a his salary for five months, 'n board crew will see cuts a 20 percent t' 30 percent. Iwata took a similar pay cut in 2011, that time t' offset poor 3DS sales. [Image: Nintendo]
Nintendo's year-on net profit fell by 30 percent in the final nine months a 2013, pulled down mainly by poor Wii U sales, the company reported. Net profit during this time be 10.2 billion yen ($99 million). Nintendo expects t' post a net loss a 25 billion yen ($242 million) for it be fiscal year ending in March.
Nintendo CEO Satoru Iwata 'n his board crew be taking temporary pay cuts, French news outlet AFP reported. Iwata will take half a his salary for five months, 'n board crew will see cuts a 20 percent t' 30 percent. Iwata took a similar pay cut in 2011, that time t' offset poor 3DS sales. [Image: Nintendo]
