Tatsumi Kimishima is Stepping Down as Nintendo President in June

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Incumbent chief Tatsumi Kimishima - a 68-year-old former banker who assumed the role after the death of predecessor Satoru Iwata in 2015 - chose to step down as he is "close to fulfilling responsibilities" to revive the firm, he said at the briefing.

Furukawa becomes only the sixth president of Nintendo and follows in the footsteps of Nintendo's original president Fusajirō Yamauchi, Sekiryo Yamauchi, Hiroshi Yamauchi, Satoru Iwata, who sadly passed away in 2015 and predecessor Kimishima. With the impending reveal and release of the Nintendo Switch to handle, the company needed someone in a position of experience to helm the company through some upcoming very important years. Their total assets have increased tenfold to 1663.7 billion yen (£10.7 billion), their operating profits fivefold to 177.5 billion yen (£1.1 billion), and there's millions more consoles and games in the hands of gamers. The news comes as Nintendo announces it more than doubled its revenue through strong Nintendo Switch sales in the most recent fiscal year.

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Logos of Nintendo Switch game console are seen at an electronics store in Tokyo, Japan March 3, 2017. All up, 63.51 million software units were sold during the fiscal year.

Replacing him will be Shuntaro Furukawa, who now has titles under Director, Managing Executive Officer General Manager, Corporate Planning Department Supervisor of Corporate Analysis & Administration Division In charge of Global Marketing Department.

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"We will develop the company to its fullest", Furukawa assured. Then in September, we will begin offering the Nintendo Switch Online paid service to expand the online functionality of Nintendo Switch. You can listen to it via Apple Podcasts or RSS, or just listen to this week's episode by hitting the play button below.

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