Nintendo Co. will spend as much as ¥125 billion buying back shares after Christmas shoppers shunned its Wii U console and games.
The world's largest maker of video game machines will buy back as many as 10 million shares, or as much as 7.82 percent of outstanding shares, the company said in a statement Wednesday.
Nintendo had about $8.6 billion in cash and equivalents and zero debt as of Sept. 30.