Now could be a good time to sell your stock.
http://www.nintendoworldreport.com/news/36426
Nintendo will be buying back up to 10,000,000 shares of their own stock, the company announced today. The move was decided following a meeting of the Board of Directors and will be pursued in accordance with the Japanese Companies Act.
The number of shares to be acquired reflects 7.82% of stock in the open market and will be purchased using up to 125,000,000,000 yen ($1,209,250,000) from January 30 to March 31 on the Tokyo Stock Exchange.
Nintendo stated the reason for the acquisition was to “improve capital efficiency as a flexible capital policy in accordance with changes in the business environment.â€
As of September 30, 2013, Nintendo owned 13,793,439 shares of the overall the company’s 141,669,000 stock. This is roughly 9.74% of the overall shares.