Nintendo and DeNA Launch Joint Venture, Nintendo Systems

In summary: Nintendo and DeNA are establishing a new joint venture, Nintendo Systems, a subsidiary focused on research, development, and value-added digital services. The company, set to begin operations in April 2023 in Tokyo, aims to bolster Nintendo's digital business. Nintendo Systems is an extension of the seven-year partnership between Nintendo and DeNA, which has led to the co-development of several successful mobile games, including Miitomo, Super Mario Run, and Fire Emblem Heroes. This new venture will build upon the existing partnership, exploring new opportunities for growth and development in the digital sector. With Nintendo providing 80% of the capital, the company will be led by director and president Tetsuya Sasaki. The joint venture is expected to have a significant impact on Nintendo's digital business, although it will not affect the current fiscal year. The partnership has already yielded six successful games, with Fire Emblem Heroes being the most successful, reaching $1 billion in revenue. Other titles, such as Mario Kart Tour and Animal Crossing: Pocket Camp, have also generated substantial revenue, with $293 million and $287.6 million, respectively.