The Daily Populous Thursday December 12nd, 2024 day edition
Authored by automaton-media.com and submitted by YouthIsBlind

Nintendo now owns 100% of Monolith Soft

According to Monolith Soft’s official homepage, the Xenoblade series developer is now wholly owned by Nintendo.

On image: Shares – 2,400, Shareholders – Nintendo Co., Ltd. (100%)

Monolith Soft was originally created by founders Hirohide Sugiura, Tetsuya Takahashi and Yasuyuki Honne with investment from Namco (now Bandai Namco) to work on Xenosaga, a Namco-owned spiritual successor to Square’s Xenogears. In 2007, Nintendo bought out 80% of Monolith Soft’s shares from Namco, and then went on to further increase its stake to 96% in 2011.

Up until recently, Monolith Soft’s founders have maintained a symbolic 4% stake in the company, but it seems Nintendo has acquired the remaining shares. We don’t know when exactly this happened, but Sugiura, Takahashi and Honne still owned 4% percent of Monolith Soft at least until March this year, when their company brochure for 2024 (relevant excerpt below) was published.

alphadestroyer10 on December 12nd, 2024 at 11:29 UTC »

That is either great or horrible news