By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Nintendo Discussion - Saudi Arabia buys 5% of Nintendo

CaptainExplosion said:
drbunnig said:

I'm assuming the false info was the story saying female characters would be removed from Mario Kart.

Wouldn't surprise me if it was true though. Like I said before, Saudi Arabia may love money, but they love repressing women even more. That's why it baffles me that female characters haven't been outright removed from any new SNK or Capcom games.

It may also be that they just care about the money and don't interfere with the products themselves.

Once again, unless they have at least 51% of the company they don't have a say on anything. And it just so happens that Nintendo themselves own more than half of the shares.



Around the Network
Kakadu18 said:
CaptainExplosion said:

Wouldn't surprise me if it was true though. Like I said before, Saudi Arabia may love money, but they love repressing women even more. That's why it baffles me that female characters haven't been outright removed from any new SNK or Capcom games.

It may also be that they just care about the money and don't interfere with the products themselves.

Once again, unless they have at least 51% of the company they don't have a say on anything. And it just so happens that Nintendo themselves own more than half of the shares.

Well then Nintendo better hurry up and buy more shares to prevent that from happening.



I don’t think it’s morally acceptable to put money into the hands of of the House of Saud if you consider them to be a horrible regime.
American products are different as the US is a liberalized democracy where companies are privately run and government revenue is public funds, rather than the personal coffers of George Bush.

It’s a tough pill to swallow, given I (personally speaking) am a very big Nintendo fan. Even though this purchase was neither Nintendo’s decision nor does it effect their operations, but permitted by the mechanisms of capitalism, buying from Nintendo now means putting coins in bloody hands.



I describe myself as a little dose of toxic masculinity.

CaptainExplosion said:
Kakadu18 said:

It may also be that they just care about the money and don't interfere with the products themselves.

Once again, unless they have at least 51% of the company they don't have a say on anything. And it just so happens that Nintendo themselves own more than half of the shares.

Well then Nintendo better hurry up and buy more shares to prevent that from happening.

I'm no stock expert, but it doesn't seem to work this way.

In September Nintendo had ~130 million "outstanding shares" of 400 million "authorized shares", the remaining ~270 million shares owned by Nintendo are "treasury shares".

https://www.nintendo.co.jp/ir/en/stock/information/index.html

But the treasury shares have no voting rights: https://www.investopedia.com/terms/t/treasurystock.asp

"In addition to not issuing dividends and not being included in EPS calculations, treasury shares also have no voting rights."

So if the Saudi has 6.5 million shares (5% of the 130m "outstanding shares" with voting rights) and Nintendo buys 65m shares back, then the Saudi has 10% of the remaining 65m "outstanding shares", doubling his voting influence to 10%.

It would be better if some of the Japanese major shareholders would buy Nintendo shares from "Foreign Institutions and Individuals" (currently over 50% of the voting rights) to reduce the foreign influence:



Conina said:
CaptainExplosion said:

Well then Nintendo better hurry up and buy more shares to prevent that from happening.

I'm no stock expert, but it doesn't seem to work this way.

In September Nintendo had ~130 million "outstanding shares" of 400 million "authorized shares", the remaining ~270 million shares owned by Nintendo are "treasury shares".

https://www.nintendo.co.jp/ir/en/stock/information/index.html

But the treasury shares have no voting rights: https://www.investopedia.com/terms/t/treasurystock.asp

"In addition to not issuing dividends and not being included in EPS calculations, treasury shares also have no voting rights."

So if the Saudi has 6.5 million shares (5% of the 130m "outstanding shares" with voting rights) and Nintendo buys 65m shares back, then the Saudi has 10% of the remaining 65m "outstanding shares", doubling his voting influence to 10%.

It would be better if some of the Japanese major shareholders would buy Nintendo shares from "Foreign Institutions and Individuals" (currently over 50% of the voting rights) to reduce the foreign influence:

Then how can we make that happen?



Around the Network
CaptainExplosion said:
Eagle367 said:

As a socialist, I do hate the current way the stock market works. BUT I am not doomer. That said, parties like Republicans are going crazy and running towards fascism. India is pretty fascist currently. Everyone else needs to hunker down and oppose them. Not become doomer but prepare for the worst.

The only other idea I have is if we bought Nintendo shares to counter this situation, but I doubt enough of us have that kind of money.

I am not talking about solutions involving one company but rather societal change.



Just a guy who doesn't want to be bored. Also

Eagle367 said:
CaptainExplosion said:

The only other idea I have is if we bought Nintendo shares to counter this situation, but I doubt enough of us have that kind of money.

I am not talking about solutions involving one company but rather societal change.

Societal change doesn't work on Saudi Arabia. Took them more than 50 years just to let women drive cars. Now they're gonna impose Sharia law on Nintendo. -_-



Jumpin said:

I don’t think it’s morally acceptable to put money into the hands of of the House of Saud if you consider them to be a horrible regime.
American products are different as the US is a liberalized democracy where companies are privately run and government revenue is public funds, rather than the personal coffers of George Bush.

It’s a tough pill to swallow, given I (personally speaking) am a very big Nintendo fan. Even though this purchase was neither Nintendo’s decision nor does it effect their operations, but permitted by the mechanisms of capitalism, buying from Nintendo now means putting coins in bloody hands.

It's what I heard too, It wasn't Nintendo decision. Nintendo was not notified. I think most of us now know what a Public company means now?



Cute and honest Sega Saturn fan, also noone should buy Sega grrrr, Sega for life.

SegaHeart said:
Jumpin said:

I don’t think it’s morally acceptable to put money into the hands of of the House of Saud if you consider them to be a horrible regime.
American products are different as the US is a liberalized democracy where companies are privately run and government revenue is public funds, rather than the personal coffers of George Bush.

It’s a tough pill to swallow, given I (personally speaking) am a very big Nintendo fan. Even though this purchase was neither Nintendo’s decision nor does it effect their operations, but permitted by the mechanisms of capitalism, buying from Nintendo now means putting coins in bloody hands.

It's what I heard too, It wasn't Nintendo decision. Nintendo was not notified. I think most of us now know what a Public company means now?

Makes me wish Nintendo was a private company.



CaptainExplosion said:
Eagle367 said:

I am not talking about solutions involving one company but rather societal change.

Societal change doesn't work on Saudi Arabia. Took them more than 50 years just to let women drive cars. Now they're gonna impose Sharia law on Nintendo. -_-

I think you are overestimating the influence that Saudi Arabia can have on Nintendo and the influence they want to have. You think they have any real morals? Nah they just want control in their territory and profit from companies outside.



Just a guy who doesn't want to be bored. Also