November 27, 2025

To Whom It May Concern

Nintendo Co., Ltd.

Acquisition of Shares in a Singapore-Based Entity
to Strengthen Development Structure

Nintendo Co., Ltd. (HQ: Kyoto, Japan; President and Representative Director: Shuntaro Furukawa; hereinafter “Nintendo”) hereby announces that it has entered into a share transfer agreement with Bandai Namco Studios Inc. (HQ: Koto-ku, Tokyo; President: Daisuke Uchiyama) to acquire shares of Bandai Namco Studios Singapore Pte. Ltd. (HQ: Singapore; CEO: Makoto Ishii; hereinafter “BNSS”) for the purpose of strengthening its development structure.

As a result of this acquisition of shares, BNSS will become a subsidiary of Nintendo and will continue its development operations under the new name Nintendo Studios Singapore Pte. Ltd.

Nintendo Studios Singapore

1. Purpose of Acquisition

BNSS was established as one of Bandai Namco Group’s overseas bases and is a development company with strong expertise in creating in-game art assets. It has contributed to the development of Nintendo titles, including the Splatoon series, and has an ongoing business relationship with Nintendo.

Considering this business record, Nintendo has made the decision to acquire shares in BNSS to strengthen the development structure of the Nintendo Group.

Subject to the satisfaction of all relevant customary conditions for transactions of this nature, Nintendo plans to acquire 80% of BNSS shares on April 1, 2026. The remaining shares will be acquired after a certain period, once the subsidiary’s operations have stabilized.

2. Overview of the Entity Whose Shares Will Be Acquired

(1) Name Bandai Namco Studios Singapore Pte. Ltd. (*)
(2) Location 21 Media Circle, #09-01/03, Infinite Studios, Singapore 138562
(3) Representative title and name CEO Makoto Ishii
(4) Business activities Game development, including creation of in-game art assets
(5) Capital Stock SGD 1,000,000 (as of November 2025)
(6) Date of Foundation March 1, 2013

* Following the acquisition of shares, Bandai Namco Studios Singapore Pte. Ltd. will be renamed Nintendo Studios Singapore Pte. Ltd.

3. Future Business Projection

This acquisition will have only a minor effect on Nintendo’s results for this fiscal year.

About Nintendo

Nintendo Co., Ltd., headquartered in Kyoto, Japan, has been providing a wide range of entertainment products and experiences since its founding in 1889, beginning with the manufacture and sale of Hanafuda playing cards.
Since the 1983 release of the Family Computer (Famicom) system in Japan, and continuing through Nintendo Switch 2, Nintendo’s focus has been the development, manufacturing, and sale of its gaming systems and software. To date, Nintendo has sold more than 6 billion video games and over 870 million hardware units globally, and has created franchises such as Mario™, Donkey Kong™, The Legend of Zelda™, Pokémon™, Metroid™, Kirby™, Animal Crossing™, Pikmin™, and Splatoon™.
Nintendo’s continuing mission is to create reasons to choose Nintendo for unique, family-friendly entertainment that puts smiles on the faces of everyone it touches.