Family Office Of Former Nintendo CEO Backs Plans For Takeover Of Japan Systems
The Yamauchi No. 10 Family Office is supporting a management buyout of software firm Japan Systems Co., Bloomberg is reporting. While this news doesn t directly impact Nintendo, it s an interesting development which involves the legacy of one of the firm s most important figures.
A family office is a term given to a group which holds full administrative control of the investment or assets owned by a private individual. Yamauchi No. 10 Family Office manages more than 100 billion yen ($972 million) in assets previously controlled by Nintendo CEO Hiroshi Yamauchi, who died in 2013. Yamauchi was believed to be Nintendo s largest shareholder at the time of his passing, with around 10% of the company; he was the person who guided the company through one of its most successful transitions, moving from toy firm to video game giant.