Tatsumi Kimishima Retires as Nintendo President

During Nintendo's financial results, the company revealed that company president Tatsumi Kimishima would be retiring from his position.

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The video game world was rocked early Thursday, as Nintendo has suddenly experienced a major shake-up at the top of the company. During Thursday's release of Nintendo's financial results (via Nintendo Everything), the company announced that Tatsumi Kimishima would retire as Nintendo President.

The 68-year-old Kimishima was named company President in September 2015, following the passing of former President and CEO Satoru Iwata. Kimishima previously served as Nintendo's Managing Director, as well as President of Nintendo of America.

Tatsumi Kimishima with the late Satoru Iwata (Photo credit: Bloomberg)

Kimishima will be succeeded by Shuntaro Furukawa, who has been a part of Nintendo since 2012. The 46-year-old Furukawa has largely served as Outside Director of The Pokemon Company, but most recently served as Nintendo's Managing Executive Officer and Supervisor of Corporate Analysis & Administration Division.

Kimishima's retirement will be made official in June, at which point Furukawa will step into his new position.

Elsewhere in the financials, Nintendo of Europe is also losing its President. Satoru Shibata will be transitioning back to Nintendo of Japan to fill the role of Senior Executive Officer. No word on who will replace him as President of Nintendo of Europe at this time.

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From The Chatty
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    April 26, 2018 12:35 AM

    Ozzie Mejia posted a new article, Tatsumi Kimishima Retires as Nintendo President

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      April 26, 2018 3:52 AM

      that was fast

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      April 26, 2018 4:33 AM

      Wow. Wonder if this is the fallout of an internal power struggle post-Switch.

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        April 26, 2018 4:51 AM

        No it was transition period, he took helm until they found someone long term when iwata passed away (relatively unexpectedly, despite long illness).

        Seems like they found one relatively young guy who has been with nintendo since the early 90's (kishima is almost 70).

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          April 26, 2018 7:51 AM

          Yup, pretty sure Kimisima said he wouldn't be there long when he took the position.

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      April 26, 2018 5:30 AM

      Fortunately no one can replace The Reggie

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      April 26, 2018 6:44 AM

      seems like a pretty standard move tbh. it appears kimishima did a good job handling the fallout after iwata's passing and they've formed a strategy for the future.

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      April 26, 2018 7:55 AM

      Sounds like they wanted to transition after righting the ship. Some more numbers

      17.79 million Switches srd
      Over 10 million copies of Mario Odyssey sold
      9.22 million copies of MK8 Deluxe sold
      At about 8.5 million units sold,BotW is the best selling Zelda ever
      Even Kirby gets a best ever with the Switch outing at 1.26 million sold.

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        April 26, 2018 7:56 AM

        That's switches sold to date damn autocorrect.

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        April 26, 2018 8:24 AM

        Not to drag up the past but I stumbled across this gem the other day from January 2017 (less than two months before the Switch's release)

        The Wii console was a fast food fad in video game format. People had to have one then felt empty after a month of ownership. Nintendo will never sell a home console at Wii levels again. Fool me once is going to bite them hard for evermore.
        http://www.shacknews.com/chatty?id=35900358#item_35900358

        Nailed it!

        Strictly technically speaking it has a ways to go before it hits the 100M+ mark of the Wii but it's sold more units in less time than the Wii did (and more units than the Wii U did, ever) so I think time will bear it out.

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          April 26, 2018 10:42 AM

          They straight up said they intend for the Switch platform to last about a decade. They’ve already followed the 3DS strategy of launching in March and ramping up towards its first holiday. I except they’re also going to keep it around a long time with hardware upgrades and several price drops.

          It will outsell the Wii’s 100 million, easily.

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        April 26, 2018 10:39 AM

        Nintendo always sandbags sales estimates, so they must be extremely confident about this year if they’re estimating 20M more Switches selling this fiscal year.

        At this rate they will have outsold the first four years of Xbox On in under two years.

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        April 26, 2018 11:42 AM

        the attach rate for multiple Nintendo first party games is ridiculous. I am contributing to that, but then I also have no non-Nintendo games to play on it.

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          April 26, 2018 2:48 PM

          Ditto, my library is about 50/50 right now 1st party other and I hope to make that more 3rd party oriented as time goes on.

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            April 26, 2018 7:51 PM

            Most third party is kind of trash though. I have the most powerful gaming platform with my PC and I still can't be bothered to play much more on it aside from Dota

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        April 26, 2018 7:51 PM

        Mario Kart 8 DX and this are why we'll keep seeing Wii U ports: https://pbs.twimg.com/media/DbwOe6TVQAAwdBz.jpg

        Bring it, the games on the Wii U are some of the best this gen and deserve to be on a platform people actually own

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      April 26, 2018 10:32 AM

      I really like the switch. Glad I bought it. My kids love playing splatoon 2.