Exclusive-Nintendo plans around $1.9 billion share sale by Kyoto bank and others, sources say
#Nintendo#share sale#cross-shareholdings#MUFG Bank#Bank of Kyoto#corporate governance#Japan markets
📌 Key Takeaways
Nintendo planning $1.9 billion share sale involving major Japanese banks
Company also intends to conduct a share buyback
Part of broader trend in Japan of unwinding cross-shareholdings
Similar move by Toyota involving $19 billion worth of shares
📖 Full Retelling
Nintendo plans an unwinding of strategic shareholdings involving MUFG Bank and the Bank of Kyoto selling approximately 300 billion yen ($1.9 billion) worth of shares in the Kyoto-based gaming company in Tokyo on February 27, 2026, as both banks implement policies to reduce cross-shareholdings amid regulatory encouragement. The Kyoto-based gaming giant could make a final decision on the share sale as soon as Friday, with the transaction marking a significant shift in Japan's corporate landscape where cross-shareholdings have long been used to cement business relationships. Nintendo is also planning a concurrent share buyback, according to three sources familiar with the situation, though the company has not responded to requests for comment regarding these developments. The sale represents a substantial increase from the 71 billion yen transaction in 2019 where similar banks participated in reducing their stakes in the popular 'Super Mario' creator.
MUFG Bank, Ltd. is a Japanese bank and the core banking subsidiary of the Mitsubishi UFJ Financial Group (MUFG). It was established on January 1, 2006 through the merger of The Bank of Tokyo-Mitsubishi and UFJ Bank, two major banking groups that themselves were the product of banking mergers.
Nintendo Co., Ltd. is a Japanese multinational video game company headquartered in Kyoto. It develops, publishes, and manufactures both video games and video game consoles.
The Bank of Kyoto, Ltd. (株式会社京都銀行, Kabushiki gaisha Kyōto Ginkō) is a Japanese regional bank based in Kyoto. The bank operates mainly in the Kansai region with more than 165 branches in Kyoto, Osaka, Shiga, Nara, Hyōgo, Aichi and Tokyo Prefectures.
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Netflix declines to match Paramount Skydance bid for Warner Bros Dorsey’s Block slashes workforce 40% to embrace AI-native future, shares gain This is where Deutsche Bank sees silver prices ending the year Gold prices mixed as U.S.-Iran nuclear talks end after ’significant progress’ (South Africa Philippines Nigeria) Exclusive-Nintendo plans around $1.9 billion share sale by Kyoto bank and others, sources say By Reuters Stock Markets Published 02/26/2026, 10:32 PM Updated 02/26/2026, 10:42 PM Exclusive-Nintendo plans around $1.9 billion share sale by Kyoto bank and others, sources say 0 8306 0.75% 7974 3.51% 5844 2.12% TOKYO, Feb 27 - Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the "Super Mario" maker, according to three sources familiar with the situation. The sale is expected to total roughly 300 billion yen ($1.9 billion) and Nintendo could make a decision as soon as Friday, two of the sources said. The Kyoto-based gaming company also plans a buyback, the sources said. Reuters is reporting Nintendo’s plan for the first time. Nintendo did not respond to a request for comment. The sources declined to be identified as the information is not public. Both banks have set out policies to reduce cross-shareholdings. A 2019 sale of Nintendo’s shares, in which they and others participated, totalled some 71 billion yen. The Bank of Kyoto , a regional lender, held a 4.19% stake in Nintendo as of September last year. MUFG Bank, Japan’s largest, had a 3.62% stake, which is held by a trust bank. Mitsubishi UFJ Financial Group declined to comment and Kyoto Financial Group did not respond to a request for comment. Regulators and the Tokyo Stock Exchange have been encouraging Japanese companies to unwind their cross-shareholdings. Toyota is planning an unwinding of strategic shareholdings that would involve banks and insurers sel...
