Reuters
Family office of Nintendo heirs says patience is a super power
The investment firm managing nearly $1.5 billion of assets for members of Nintendo’s founding family is willing to play a long game when it comes to portfolio companies and can wait more than a decade to see a turnaround, a top executive said. That timeline helps explain why Yamauchi-No.10 Family Office shows no sign of relenting nearly a year into its quest to take marine construction firm Toyo Construction Co private, a takeover battle that could see a critical turn at an annual shareholder meeting in June. The long-term outlook gives the Yamauchi family office a rare flexibility and risk appetite in its hunt for both listed and privately held companies with technology that can revitalise Japan, Chief Investment Officer Hirowaka Murakami said.
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