‘Die-Hard’ Nintendo Fan Spent Over $40,000 on Stock and Then Asked Top Executives Why the Company Won’t Make More of a Fan-Favorite Series
A gamer who stated that he invested more than 5.6 million Japanese yen, which is equivalent to more than $40,000, in Nintendo stock took advantage of the opportunity to ask a question about a fan-favorite series that he hopes will be brought back during the annual shareholder meeting that was held by the Japanese gaming giant on Wednesday.
The gamer asked Shuntaro Furukawa, the president of Nintendo, whether the company had considered relaunching some of the fan-favorite game franchises, specifically “F-Zero,” which was a racing-game series that hasn’t seen a new entry since 2004.
After selling his stock in another company, the fan, who lives in Japan and communicated with Insider through direct messages on Twitter, stated that he purchased 100 shares of the company in February at a price of 56,430 yen per share. The fan used an online translator to convey his message.
His Twitter handle, which translates to “Momiji,” indicates that he prefers to maintain his anonymity for privacy reasons. Insider reported that he described himself as a “dedicated Nintendo fan.”
He was given the opportunity to attend the shareholder meeting after purchasing one unit of stock, which is equal to one hundred shares, but he stated that it was not guaranteed that he would be able to ask a question at the meeting. That was nothing more than a “bonus.” (A representative from Nintendo confirmed that in order to attend the shareholder meeting, a person needed to have purchased at least one hundred shares of stock.)
Momiji shared with Insider that she has been a fan of Nintendo games ever since she was a young child. “Among them, I can’t get enough of that sense of speed of ‘F-Zero.'”
It is realistically difficult to develop new titles and remakes, including sequels, for every Nintendo game that people request, but we are very grateful and appreciate the expectations our fans have for our games. The following is a translation of Furukawa’s response that was provided by the gaming-news site VGC, which Momiji said was an accurate interpretation of the statement.
Shinya Takahashi, who is the managing executive officer of the company, provided a response that was more upbeat.
According to VGC, he was quoted as saying, “We are always considering how to develop new titles and remakes that can be enjoyed by many players.”
In May, Nintendo made the announcement that on October 1 the company’s stock would undergo a 10-for-1 stock split. This would result in each share being divided into 10 additional shares and could make the business more appealing to potential investors.