Tecmo Stock Plunges on Itagaki Scandal

One Day Plunge of 10%+ on News

The fallout from Tomonobu Itagaki’s resignation from and lawsuit against Tecmo continues to evolve.  Japanese investors are now having their say–and they aren’t too happy.

Yesterday the stock price of Tecmo took a nosedive.  Closing the previous trading day in Japan at 1,102, the stock closed Wednesday at 990–a drop of over ten percent.

The stock could go even lower as this situation gets even uglier.  We will continue to monitor developments.