Nintendo is preparing for a massive shift in its shareholder base, with roughly $1.9 billion worth of stock set to be sold by a group of long-time strategic holders. The move, arriving as a signal that Japan’s cross-shareholding era is still unwinding, is poised to reshape ownership profile, which could have long-term impacts on the gaming giant.
Nintendo’s shareholder base is dominated by trust and custody accounts that hold shares on behalf of underlying investors, with a second tier of large international custodians and asset managers. Based on the company's latest stock information disclosure dated September 2025, The Master Trust Bank of Japan’s trust account is the largest named holder, accounting for about 16.29% of the ownership
