Nintendo president Tatsumi Kimishima has confirmed to TIME that he won’t be a one-year president as a lot of people previously thought. His term is for one year as it is with all Nintendo president’s, but he could well be reconfirmed by the board members as president for the next few years. His position will be reviewed on a yearly basis and will presumably be based on performance.
“Also, something I think that maybe was misunderstood previously was, there was talk about me being around for one year. What that was, is the board of directors, as a member of the board, the term is for one year. And at the next shareholders meeting we have to be reconfirmed as board members. That happens on a yearly basis, but there was never any meaning that I would only be president for one year in that conversation.”