- Sep 20, 2021
Today, Apr. 27, 2018, the Nintendo Co., Ltd. Based in Minami-Ku, Kyoto and Cygames, Inc. based in Shibuya-ku, Tokyo entered a partnership agreement. The presidents of the two companies, Tatsumi Kimishima of Nintendo and Koichi Watanabe of Cygames have reached a business agreement, the partnership on a new gaming application for smart devices.
As for the Context of this Partnership, in the summer of 2018, Nintendo is in talks to release Dragalia Lost, which is an all-new original action RPG application. This has been designed by Cygames based on usage in smart devices. Nintendo has been co-developer of this game and takes command of a joint operation of this game along with Cygames. This will bring to the world the shared vision of new gaming experience with lasting appeal, visualized by the two Japanese gaming corporations.
While the gaming application will be released globally, the first release will feature in the East Asian countries starting with Japan, Taiwan, Hong Kong, and Macau. In the second release, Nintendo’s group companies will support its launch in North America and Europe. In order to facilitate the partnership, Nintendo will obtain an approximate of 5 percent of Cygames’s issued stocks mainly through a third-party allocation of its treasury stock.
Now for an overview of the two Company Parties, Nintendo Co., Ltd. manufactures and sells home leisure equipment. As for Cygames, Inc, it is concerned with the planning, development, and operations of games
In terms of Investment support, Nintendo has a Capital of 10,065.4 million yen, while Cygames, Inc. has a capital of 124.8 million yen.
Nintendo, or Gameboy and Pokemon fame, was established on November 20, 1947, while Cygames is recent punk in the game scenario, being established a mere 7 years back on May 9, 2011
The Date of fiscal year-end is different for the two companies. For Nintendo, it is March 31, and for Cygames it is September 30. Thereby, the impact of this partnership on Nintendo’s business will be factored into the financial forecast for this year.