Today has seen yet another significant drop in Nintendo's share price, falling by 5.27% by the end of the trading day in Japan.
We've seen several fluctuations in share price over the last few weeks, with the most recent drop seemingly being linked to Nintendo's E3 presentation. It was suggested that the drop was due to investors' doubts over Nintendo's ability to achieve its hardware and software sales estimates, with a lack of new games being shown during the presentation causing concerns.
Now, prices have fallen once again for seemingly the same reason. The Nikkei (a stock market index for the Tokyo Stock Exchange) believes that today's drop is thanks to a lack of information surrounding new titles and a drop in Switch sales. You can see the drop below.
Despite these concerns, we've already heard that Nintendo is still confident that it can achieve its goal of 20 million consoles being shipped this financial year, and now-former Nintendo president Tatsumi Kimishima has stated that the company will reveal more about its full 2018 lineup in the future. Essentially, it seems that shareholders are worried about a lack of information, but Nintendo wants to keep any future announcements secret for as long as possible, effectively harming each other.
Hopefully things will settle down a little once Nintendo does reveal its future plans.