Shares in Nintendo plunged by almost 18% on Monday after the Japanese giant admitted that Pokémon Go would not hugely impact profits. Share prices picked up again today, however, rising by 1.6%.
Nintendo released a statement late on Friday to set the story straight after a record breaking day of trading on the Tokyo stock market saw share prices more than double.
The Pokémon Company is [Nintendo's] affiliated company, accounted for by using the equity method. Because of this accounting scheme, the income reflected on [Nintendo's] consolidated business results is limited.
Although Nintendo do not own The Pokémon Company, it does have a large share in the company - owning 32% of the voting power. Nintendo also have a 13% "effective share" of Niantic, the San Francisco-based developers who created the hugely successful Pokémon Go title for mobile devices.