Nintendo buys back shares in Japan to appease investors.
On Friday, Nintendo Company Ltd. (NCL) announced that it will buy back $43 billion yen's worth ($391 million USD, 1 USD=110.051 JPY) of its shares in an effort to boost its stock price and appease investors.
The buyback amounts to 3.6 million shares bought at the Friday closing price of 11,920 yen. The actual transaction took place Monday morning before trading began on the Tokyo Stock Exchange.