‘Diehard’ Nintendo fan spent more than $40,000 buying stock, then asked top executives why the company won’t make more of a fan-favorite series

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  • A gamer asked executives this week at a shareholders’ meeting about reviving the game series ‘F-Zero’.

  • He said he spent 5.6 million Japanese yen, or more than $40,000, on Nintendo stock for one unit of share.

  • He told Insider that he has been playing Nintendo games since childhood and is a “diehard fan.”

a gamer said he spent more than 5.6 million Japanese yen, or more than $40,000 when translated into US dollars, on Nintendo stock, taking the opportunity to ask a question about a favorite at the Japanese gaming giant’s annual shareholders meeting Wednesday. series that he wants to breathe new life into.

The fan asked Nintendo president Shuntaro Furukawa if it was considering relaunching some of its favorite game franchises, most notably “F-Zero”, a racing game series that hasn’t released a new entry since 2004.

Nintendo did not respond to requests for comment.

The fan, who is based in Japan and used an online translator to communicate, told Insider via Twitter direct messages that he bought 100 shares in February at 56,430 yen a share (or more than $400 a share in today’s dollars). after he bought his shares in another company.

He wanted to remain anonymous for privacy reasons, but his Twitter handle translates to Momiji. He told Insider that he is a “diehard Nintendo fan”.

He was given the chance to attend the shareholders’ meeting after purchasing one share (100 shares), but said he was not guaranteed to be able to ask a question. That was just a “bonus”.

“I’ve been playing Nintendo games since I was a kid,” Momiji told Insider. “Among them, I can’t get enough of that sense of speed from ‘F-Zero’.”

The gaming news site VGC Translated Furukawa’s response, which Momiji said was an accurate interpretation: “It is realistically difficult to develop new titles and remakes, including sequels, for every Nintendo game that people ask, but we are very grateful and appreciate the expectations that our fans have of our games.”

Shinnya Takahashi, the company’s general manager, gave a more optimistic answer.

“We are always considering how to develop new titles and remakes that many players can enjoy,” he said, according to VGC.

In May, Nintendo announced that a 10-for-1 stock split would take effect on October 1, splitting each share into 10 shares and potentially making the company more attractive to investors.

Read the original article Business Insider

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