Ever since the NX was announced it was suspected that the system would be a hybrid that offers both home and portable gameplay. However, according to DHZ Financial Research's Trader's Web site, Nintendo is also working on a next generation handheld codenamed "MH" alongside NX.

While the piece was more focused on Nintendo's share price and its plans to expand its business via mobile games and theme parks, the mention of a new piece of hardware is interesting. Could "MH" - which is noted in the report as being a tentative name - merely be the NX's controller? Or is this a totally new system which somehow links with the NX in the same way it's possible to use a 3DS to control Super Smash Bros. on Wii U?

Here's a translation of the report, courtsey of Twitter user BlackKite:

Nintendo - Mitsubishi UFJMS cutting stock price benchmarks, targeting long-range investment

Nintendo <7974.T> continue to see their stock prices fall. At the Mitsubishi UFJ Morgan Stanley Securities, the new traction for mid-term profit growth is being changed to next-generation game console. As a target for long-term investment, the investment judgment "Overweight" is continued. The stock price benchmark is being reduced from 34000 yen to 32200 yen.

By doing things like changing money order premises, forecasts from FY March 2017 to FY March 2020 are being revised downwards. The driving force for economic growth has been switched from previous new businesses like "Health service, Theme park & Mobile games" to the next generation game console NX and next generation portable game console MH (Tentative title). There is no change in mid-term growth scenario.

Things being predicted from now on are new factors to profit impact when NX and MH are to be fully announced, and monetization of mobile games. If the skepticism on these can be wiped away, there is a high chance that their stocks will be greatly revalued, and as a premise for long-term investment, now is perhaps the [best] entry timing [to invest here].

As ever, feel free to let fly with your own take on this news by posting a comment below.

[via twitter.com, traders.co.jp]