Nintendo’s stated policy on shareholdings, in its report for the year to March 2026

What this is

Nintendo’s stated policy on shareholdings, in its report for the year to March 2026: it holds no shares purely as investments, only strategic ones.

How it’s built

1. Read from the shareholdings section of Nintendo’s annual securities report, which says that in principle it does not hold shares purely for investment.

What we assumed

Nothing. The figure is used as published.

Sanity check

This means every share Nintendo holds appears in the strategic tables, which closes off a hidden route for the Niantic stake.

Where it comes from

The line in the source

原則として純投資目的である投資株式の保有は行わない方針であり、純投資目的以外の目的である投資株式のみを保有しています。(gloss: in principle no pure-investment shares; only non-pure-investment shares held)