Random: A Former Nintendo President's Family Office Is Looking To Purchase A Marine Engineering Firm

Random: A Former Nintendo President's Family Office Is Looking To Purchase A Marine Engineering Firm ...

The Yamauchi No 10 Family Office, a family formed of members of Nintendo's founding family, is looking to buy out Toyo Construction, with the stated objective of contributing to the clean water environment, according to the Financial Times (paywall).

In April, the Yamauchi family, which owned and recently renovated Nintendo's original headquarters as a boutique hotel, made an offer to buy the 93-year-old engineering company outright. However, the transaction intends to "tackle significant global challenges," according to chief investment officer Hirowaka Murakami.

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Hiroshi Yamauchi, the great-grandson of Nintendo's founder, was Nintendo's longest-sitting president and one of Japan's richest people thanks to the business's success both while he was there and afterwards as Nintendo's largest shareholder. His grandson, Banjo Yamauchi (namesake of Rare's famous bird-carrying bear), founded the Family Office in 2020.

The Yamauchi Family Office invests in startups and fund organizations that are promoting charitable causes, such as cleaning up the environment (Astroscale) or making more sustainable products (Nature's Fynd), with the stated intention of creating "value" through philanthropic investment.

Murakami believes that the maritime engineering business' technology will help keep the ocean more sustainable. Toyo Construction has since attempted to sell itself to a competitor at a much lower price in an attempt to halt the takeover. The Yamauchi Office, which is offering to buy Toyo at 1,000 per share, insists that it wants to reach an agreement through dialogue rather than a hostile takeover. Back in June, Toyo Construction abandoned a shareholder vote whether or not it wanted to continue the buyout.

The Yamauchi No. 10 Family Office's rather slick, colorful website states that it "constantly seeks for new meaning in our assets" and that it will leverage its investments to "drive innovation in Japan."

Do you have any thoughts on this potential buyout? Are you just leaving the Yamauchi website on in the background to enjoy the catchy arcade-style music? Let us know what you'd do if you had a whole lot of Nintendo money below.

  • Further reading: Feature: The Most Important People In Nintendo History

[source ft.com]