Hiroshi Yamauchi’s family wants to buy a marine engineering company

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Interesting news comes from Japan, as it has just been revealed that members of the family of Hiroshi Yamauchi, former president of Nintendo, are looking to buy the marine engineering company Toyo Construction.

As you may remember, Hiroshi Yamauchi, the great-grandson of Nintendo’s founder, was the president who made the company what it is today, all before handing over to Satoru Iwata 20 years ago.

Now, it has been the grandson of the former president, Banjo Yamauchi, who leads The Yamauchi No 10 Family Office, a group made up of members of the founding family of Nintendo who want to buy the aforementioned engineering company with the aim of helping the oceans to be better. more clean.

According to the information shared, the family’s office submitted an offer to buy the 93-year-old engineering firm last April, this to go from its current 27% stake to become those who control it completely and can use to address deep global challenges.

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It is worth mentioning that The Yamauchi No 10 Family Office uses its investment returns to finance new companies and help organizations that work for charitable causes, such as cleaning the planet (Astroscale) or making more sustainable products (Nature’s Fynd).

At the moment, there is still no response from Toyo Construction and its position remains unclear, so we will have to be attentive to see what finally happens with the offer.

What do you think of this move by the Yamauchi family? Tell us in the comments.

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