'Die-hard' Nintendo fan spent over $40,000 buying stock and then asked top executives why the company won't make more of a fan-favorite series
- A gamer asked execs during a shareholder meeting this week about reviving the game series "F-Zero."
- He said he spent 5.6 million Japanese yen, or over $40,000, on
Nintendoshares for one stock unit.
A gamer said he spent over 5.6 million Japanese yen — or over $40,000 US dollars — on Nintendo stock, and used his opportunity to ask a question during the Japanese
The fan asked Shuntaro Furukawa — the president of Nintendo — if the company has considered relaunching some fan-favorite game franchises, specifically "F-Zero," which was a racing-game series that hasn't had a new entry since 2004.
The fan, who is based in Japan and used an online translator to communicate, told Insider over Twitter direct messages that he bought 100 shares at 56,430 yen per share (over $400 per share) in February after selling his stock in another company.
He wished to remain anonymous for privacy, but his Twitter handle translates to "Momiji." He told Insider that he is a "die-hard Nintendo fan."
After buying one unit of stock (100 shares), he got the opportunity to attend the shareholder meeting, but said it wasn't guaranteed that he would be able to ask a question. That was just a "bonus." (A Nintendo spokesperson confirmed that someone needs to buy 100 or more shares of stock to access the shareholder meeting.)
"I have been playing Nintendo games since I was a child," Momiji told Insider. "Among them, I can't get enough of that sense of speed of '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 request, but we are very grateful and appreciate the expectations our fans have for our games."
Shinya Takahashi, the company's managing executive officer, gave a more optimistic answer.
"We are always considering how to develop new titles and remakes that can be enjoyed by many players," he said, according to VGC.
In May, Nintendo announced that a 10-for-1 stock split would take effect on Oct. 1, which would split each share into 10 shares and potentially make the company more appealing for investors.
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