{"id":38010,"date":"2024-10-08T13:21:15","date_gmt":"2024-10-08T04:21:15","guid":{"rendered":"https:\/\/automaton-media.com\/en\/?p=38010"},"modified":"2024-10-08T13:21:18","modified_gmt":"2024-10-08T04:21:18","slug":"nintendo-and-other-japanese-game-company-stocks-on-the-rise-after-saudi-arabias-pif-considers-increasing-stakes","status":"publish","type":"post","link":"https:\/\/automaton-media.com\/en\/news\/nintendo-and-other-japanese-game-company-stocks-on-the-rise-after-saudi-arabias-pif-considers-increasing-stakes\/","title":{"rendered":"Nintendo and other Japanese game company stocks on the rise after Saudi Arabia\u2019s PIF considers increasing stakes\u00a0"},"content":{"rendered":"\n

As reported by Bloomberg Japan<\/a>, recent comments made by Saudi Arabian Prince Faisal bin Bandar bin Sultan Al-Saud have given a boost to a number of Japanese video game companies\u2019 stocks. <\/p>\n\n\n\n

In an interview with Kyodo News<\/a> at Tokyo Game Show 2024, the prince revealed that Savvy Games \u2013 a fund group backed by Saudi Arabia\u2019s Public Investment Fund (PIF) has its sights on possibly increasing stakes in Nintendo and other Japanese game companies. Back in May 2022, the fund had acquired a 5.01% stake in Nintendo, and as of 2024, the fund owns 8.6% of Nintendo.\u00a0 It also holds approximately 9% of Koei Tecmo Holdings’ shares.\u00a0<\/p>\n\n\n\n

In response to the news, Nintendo\u2019s stock price temporarily rose by 3.9% to 8,042 yen from the previous trading day, which was its largest jump since September 26. Similarly, Capcom\u2019s stock price rose by 2% to 3,350 yen, Koei Tecmo rose by 2.8% and Bandai Namco Holdings rose by 3.9%. <\/p>\n\n\n\n

In comment to Bloomberg Japan, Japanese analyst Ryotaro Sawada said that the Japanese game and anime markets are gradually expanding and that there are good reasons for Saudi Arabia to make investing in Japanese companies a part of its national policy. Meanwhile, Prince Faisal bin Bandar bin Sultan Al-Saud has emphasized that he is in no rush to make investments and that future purchases will be friendly. <\/p>\n\n\n\n

On a related note, earlier this year, the Japanese game developer SNK said that 100% of its shares have come to be owned by Saudi Arabian Prince Prince Mohammed bin Salman’s foundation, but that this has not affected their creative output or identity as a Japanese company<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Recent comments by Saudi Arabian Prince Faisal bin Bandar bin Sultan Al-Saud have given a boost to Japanese video game companies\u2019 stocks.\u00a0<\/p>\n","protected":false},"author":55,"featured_media":37240,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[3],"tags":[17],"class_list":["post-38010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-japan-related-news"],"blocksy_meta":[],"yoast_head":"\nNintendo and other Japanese game company stocks on the rise after Saudi Arabia\u2019s PIF considers increasing stakes\u00a0 - AUTOMATON WEST<\/title>\n<meta name=\"description\" content=\"Recent comments by Saudi Arabian Prince Faisal bin Bandar bin Sultan Al-Saud have given a boost to Japanese video game companies\u2019 stocks.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automaton-media.com\/en\/news\/nintendo-and-other-japanese-game-company-stocks-on-the-rise-after-saudi-arabias-pif-considers-increasing-stakes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nintendo and other Japanese game company stocks on the rise after Saudi Arabia\u2019s PIF considers increasing stakes\u00a0 - 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