Satoru Iwata Banana1

Nintendo's 74th annual general meeting (AGM) for shareholders took place today in Japan and we can confirm that Satoru Iwata has retained his position as Nintendo's president. Iwata of course was not present at today's meeting due to his recovery from recent surgery.

We are yet to learn what this year's investor approval rating for Iwata is. Last year we reported his score drop from 90.60 percent last year to 77.26 percent. We can only assume that following Nintendo's perceived triumph at this year's E3 that the powers that be have confidence in his leadership for the foreseeable future.

With the recent news that Mario Kart 8 has sold two million copies and Wii U hardware sales are up too it would appear that the good ship Nintendo is hopefully going to return to profitability in the not too distant future.