Exclusive-Nintendo plans around $1.9 billion share sale by Kyoto bank and others, sources say

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...