I am lazy to find a source, but most fo you knows this is not a rumor. Nintendo does what we call "stock buyback".
We can assume, as everybody say, that it is a positive sign. But for me, who became recently a shareholder for Nintendo, it is still hard to concretly see what defines a "share" or "stock". Someone says me :"it is a little piece of the society". Ok but do you mean like this desk ? or this computer screen there ? or the 2 chairs there ? a quarter of the surface of this office ?
Here for this last event where Nintendo buys back its own shares, I can't see well what this concretly means, in a financial and mathetematical point of view. What can/will be their interest by this move. Make more profit ofcourse but how, by which mathematical lever they make money in buying their own property.
Current PB on Secret of Mana remake : 2h27 (2nd)
Strongest worldwide achievement on TGM : 1st European S13 rank
Fastest TI MASTER in Europe : rank Master V in 5min10
Current PB on Power Ranger (Game Gear) : 10min06 (World Record)
Non-geek activity : ThermalHungary
LET'S FACE THIS FACT : The Switch is the last physical video game system of the history who has a chance to beat PS2's sales.