Heard on the Street: Japan Inc.’s push to unwind cross-shareholding is throwing up investment opportunities—just look at Nintendo
Japan Inc.’s push to unwind cross-shareholdings is throwing up investment opportunities—just look at Nintendo.
The Japanese gaming giant has lost nearly 40% of its market value since a peak in January last year, underperforming the broader stock market and rivals like Sony. That’s despite the popularity of its latest gaming console, Switch. Since its launch in March 2017, Nintendo has sold 32.3 million units, which compares favorably with sales of other hit consoles like the PlayStation 4 at a similar stage.
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