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Notice of Establishment of Joint Venture Company With Dena Co., Ltd. and Added As A Specified Subsidiary

1. Nintendo has established a joint venture company called Nintendo Systems Co., Ltd. with DeNA Co., Ltd. to strengthen the digital aspects of Nintendo's business through new service development. 2. Nintendo Systems will be 80% owned by Nintendo and 20% owned by DeNA. It will be located in Tokyo and focus on research and development as well as new value-added services. 3. The joint venture allows Nintendo and DeNA to build on their 7-year partnership and collaboration on Nintendo Account services. It is aimed at further engaging consumers digitally.

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16 views

Notice of Establishment of Joint Venture Company With Dena Co., Ltd. and Added As A Specified Subsidiary

1. Nintendo has established a joint venture company called Nintendo Systems Co., Ltd. with DeNA Co., Ltd. to strengthen the digital aspects of Nintendo's business through new service development. 2. Nintendo Systems will be 80% owned by Nintendo and 20% owned by DeNA. It will be located in Tokyo and focus on research and development as well as new value-added services. 3. The joint venture allows Nintendo and DeNA to build on their 7-year partnership and collaboration on Nintendo Account services. It is aimed at further engaging consumers digitally.

Uploaded by

ryan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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November 8, 2022

To Whom It May Concern


Nintendo Co., Ltd.
11-1 Kamitoba Hokotate-cho,
Minami-ku, Kyoto 601-8501
Japan

Notice of Establishment of Joint Venture Company


with DeNA Co., Ltd. and added as a Specified Subsidiary

Nintendo Co., Ltd. (HQ: Kyoto Minami-ku ; Representative Director and President: Shuntaro Furukawa;
hereinafter “Nintendo”) hereby announces that its Board of Directors has resolved to establish a joint venture
company with DeNA Co., Ltd. (HQ: Tokyo Shibuya-ku ; President and CEO: Shingo Okamura; hereinafter
“DeNA”) at the Board of Directors’ Meeting held on November 8, 2022.
Since the amount of capital of the joint venture company is greater than 10% of that of Nintendo, it will
become a Specified Subsidiary of Nintendo.

1. The objective of establishing a joint venture


With the integrated hardware-software model at the core of its business, Nintendo also strives to provide
enhanced experience and service outside of its dedicated gaming system. In order to provide this
experience in a holistic manner, Nintendo is working to maintain and expand its relationship with
consumers primarily through Nintendo Account.
As part of this effort, Nintendo entered a business and capital alliance with DeNA in 2015 and has
collaborated to develop and operate the new core system centered around Nintendo Account since then.
Based on the expertise accumulated over the seven plus years and the experience of co-developing
multiple services based on Nintendo Account, Nintendo and DeNA will advance their partnership and
establish a joint venture company. With the objective to strengthen the digitalization of Nintendo's
business, the joint venture company will research and develop, as well as create value-added services to
further reinforce Nintendo’s relationship with consumers.

2. Overview of the Joint Venture Company (Specified Subsidiary)


(1) Name Nintendo Systems Co., Ltd.
(2) Location Tokyo
(3) Representative title and Representative Director and President Tetsuya Sasaki
name
(4) Business Research and development, as well as operations to strengthen the
digitalization of Nintendo’s business, in addition to the creation of
value-added services
(5) Capital 5 billion yen
(6) Date of foundation April 3, 2023 (scheduled)
(7) Fiscal term Ends in March
(8) Capital contribution Nintendo Co., Ltd.: 80%
ratio DeNA Co., Ltd.: 20%

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(9) Relationship between Capital Nintendo Systems will become a subsidiary of
Nintendo and Nintendo relationship Nintendo, which will contribute 80% of the
Systems capital.
Personnel A few officers and employees of Nintendo will
relationship concurrently serve as directors of Nintendo
Systems.
Business Nintendo will entrust to Nintendo Systems, the
relationship development and operation of services to
strengthen the digitalization of Nintendo’s
business.
(Note) The establishment of this joint venture company is subject to all necessary approvals, including those
required by the competition laws of involved countries.

3. Overview of the Joint Venture Partner


(1) Name DeNA Co., Ltd.

(2) Location 2-24-12 Shibuya, Shibuya-ku, Tokyo

Representative title and


(3) President & CEO Shingo Okamura
name
Game business, live streaming business, sports business,
(4) Business healthcare & medical business, new businesses & others

(5) Capital 10.397 billion yen

(6) Date of foundation March 4, 1999


Tomoko Namba: 16.70%
Major shareholders and
The Master Trust Bank of Japan, Ltd. (Trust Account): 14.61%
(7) shareholding ratio
Nintendo Co., Ltd.: 12.72%
(As of March 31, 2022)
Custody Bank of Japan, Ltd. (Trust Account): 5.20%
Capital
Cross-holdings
relationship
Personnel
Not applicable
relationship
Nintendo and DeNA jointly develop and operate
Relationship between
(8) Business game apps for smart devices, and Nintendo entrusts
Nintendo and DeNA
relationship DeNA with the joint development and operation of
membership services for various devices.
Applicability
to related Not applicable
parties

4. Schedule
(1) Date of resolution by the November 8, 2022
Board of Directors
(2) Date of April 3 2023 (scheduled)
establishment of the
joint venture company
(Note) The establishment of this joint venture company is subject to all necessary approvals, including those
required by the competition laws of involved countries.

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5. Future Outlook
The establishment of this joint venture company will have no effect on Nintendo’s results for this fiscal year.
The effects it will have on future results will be incorporated into financial forecasts from the next term onwards.

(Reference) Consolidated Financial Forecasts for the current fiscal year (announced November 8, 2022) and the
results of the previous fiscal year
Profit attributable
Consolidated Consolidated Consolidated
to owners of
net sales operating profit ordinary profit
parent
Forecasts for the
current fiscal year 1,650,000 million 500,000 million 560,000 million 400,000 million
(ending March 31, yen yen yen yen
2023)
Results of the
previous fiscal 1,695,344 million 592,760 million 670,813 million 477,691 million
year (ended yen yen yen yen
March 31, 2022)

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