A limit on how much the Nintendo securities note can prove

What this is

A limit on how much the Nintendo securities note can prove: it omits share sales as small as about ¥0.1bn.

How it’s built

1. The year to March 2026 note shows shares sold for ¥33.8bn with a ¥32.7bn gain.
2. But the year to March 2025 note shows no share sales at all, although Nintendo’s register shows two listed holdings sold for ¥90m that year.

What we assumed

Nothing. The figure is used as published.

Sanity check

So ‘no second group sale’ holds only for sales above about ¥0.1bn, about 0.3% of the ¥33.8bn position. That makes no practical difference here.

Where it comes from

The line in the source

当連結会計年度(自 2025年4月1日 至 2026年3月31日) … 株式 33,827 32,664 - … 前連結会計年度 … 債券 157,623 7 △305 その他 40,437 76 -

In English

Verifies F:Q51.D-5's premise and bounds it: 'consolidated equity sale = parent row' excludes a second group block only above ≈¥0.1bn proceeds (≈0.3% of the position); economically nil at a 29× exit but the A-grade rows should state the bound.

Related figures

Built from this one

• FiledConsolidated equity sale equals parent unlisted row, year to March 2026