Family office of Nintendo heirs says patience is a super power

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Family office of Nintendo heirs says patience is a super power
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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.

The family office was launched in 2020 by Banjo Yamauchi, the 30-year-old biological grandson and adopted son of Nintendo Co Ltd's

Its quirky webpage, with colourful, 8-bit graphics and chiptune music, recalls early Nintendo games such as "Donkey Kong" and its office is adorned with washi paper used for traditional "hanafuda" playing cards - Nintendo's first product. When asked for comment, Toyo Construction said it intended to set up a committee to consider the takeover proposal. It said it repeatedly requested more information to help it evaluate the offer but the Yamauchi office had not responded.

An island nation with many big coastal cities, Japan could better leverage Toyo's marine construction technology in power generation, said Murakami, who previously worked at Deutsche Bank AG and Goldman Sachs Group Inc, and was a childhood friend of Banjo Yamauchi.

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