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A test of whether Nintendo received shares in Niantic Spatial, the company Niantic spun out in 2025

Year to March 2026

FiledA count test on filed records; firm for Nintendo itself.

What this is

A test of whether Nintendo received shares in Niantic Spatial, the company Niantic spun out in 2025: its own register shows none at March 2026.

How it’s built

  1. If Nintendo had received Niantic Spatial shares, its unlisted count would be 17 (17 minus the exit plus the new one).
  2. The report shows 16 and no additions.

What we assumed

Nothing. The figure is used as published.

Sanity check

Either Nintendo’s entitlement was settled in cash (part of the ¥33.8bn may then relate to Spatial) or it did not continue as a holder. Funds or derivatives would sit outside this register.

Where it comes from

Our calculation from other figures in the trainer’s notes.

Show the working
  • If parent took Spatial shares count year to March 2026: 17
  • Observed count: 16
  • Observed increase row: none
  1. 17 − 1 (exit) + 1 (Spatial) = 17 ≠ 16

Where it’s used

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