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Nintendo Formally Opens Door To Diversification In Health, Computer Software
Nintendo has proposed some changes to its articles of incorporation, the document that defines a company’s purpose for existence. While the changes aren’t elaborated, Nintendo is leaving the door open to revisit its shelved quality of life devices.
Of note in the document are two additions to the section that specifically deals with the company’s purpose. The two additions read “Development, manufacturing and sale of medical devices and health devices” and “Development, manufacturing and sale of computer software.”
Computer software is a curious inclusion, because an existing section of the document specifically refers to “Production, manufacturing and sale of contents such as games, images and music.” The proposed changes to the articles of incorporation also deal with organizational changes relating to an audit and supervisory committee.
The new document will be up for ratification at the annual shareholders meeting on June 29, 2016.
[Source: Nintendo]
Our Take
Changes to articles of incorporation don’t necessary mean that Nintendo will go in these new directions. However, the company is likely investigating possibilities seriously enough that it wants to ensure that shareholders see those decisions as part of Nintendo’s mission. This lays groundwork, but it doesn’t commit the company to a specific course of action. So, no, that doesn't mean the Vitality Sensor project is alive again.
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