Yamauchi hit as Nintendo stock plummets

While the immediate impact on Nintendo’s share price following its poor financial results and announcement of a 3DS price drop was minimal – with shares ending yesterday up 0.1 per cent – today’s trading has painted a markedly different picture of investor confidence in Nintendo. Bloomberg reports that at the end of Osaka trading today Nintendo’s stock had fallen 12 per cent, to ¥12,290 per share, its biggest drop in a single day since January 2009. Former company president Hiroshi Yamauchi, who stepped down in 2002, was among the hardest hit: he owns 10 per cent of the company, and the day’s trading means he has lost some ¥24.2 billion (£190.7 million).