Tatsumi Kimishima, a name synonymous with the evolution of gaming juggernaut Nintendo, has a life marked by disciplined ambition and calculated risks. Kimishima’s journey from a banking executive to the helm of one of the world’s most prolific gaming companies stands testament to his adaptability and business acumen. Rooted in the diligent ethos of his Japanese heritage, Kimishima fueled his educational pursuits with an inquisitive spirit, which later led to substantial success in the high-intensity world of business.
His subsequent transition into the gaming industry with roles at Nintendo of America and the Pokemon Company signaled a drastic shift in career trajectory, a turn that eventually led him to shape the contours of global entertainment through his leadership at Nintendo.
Early Life and Education
Early Life and Birthplace
Tatsumi Kimishima was born on April 21, 1950, in Tokyo, Japan. Not much information is revealed about his early family life or his upbringing in Tokyo, but it is clear his birthplace played a pivotal role in his future endeavors in the Japanese-dominated gaming industry.
Education
Kimishima pursued his higher education at Hitotsubashi University, one of Japan’s prestigious national institutions recognized for its social sciences and economics programs. He graduated with a degree in Business Administration but never publicly disclosed his early career interests or the specific influences of his university days on his corporate trajectory.
Early Interests
Despite being a major figure in the gaming industry, it’s interesting to note that Kimishima didn’t have a pronounced background in computer science or game design. Instead, his academic background in business administration set a solid foundation for his future management roles within corporate environments.
Early Career
After graduating from university, Kimishima started his career in banking. Surprisingly, he didn’t immediately join the gaming industry but rather spent 27 years at Sanwa Bank Japan. During his time at the bank, he handled corporate planning, international business development, corporate communications and more. His long stint at Sanwa Bank gave Kimishima the opportunity to gain a deep understanding of business finances, strategic planning, and international business operations, which later came in handy when he transitioned to the technology and entertainment industry.
Early Professional Life at Sanwa Bank
Tatsumi Kimishima embarked on his professional career in the world of finance at one of Japan’s most reputable financial establishments, the Sanwa Bank. His tenure at this bank lasted for an impressive length of 27 years, starting in 1973 and marking his initial significant venture into the corporate sector.
Entry into Business World
Unexpected Transition to Gaming Industry
In an unanticipated yet fruitful turn of events, Kimishima made a significant career switch in 2000, transitioning from banking to the video game industry. Despite having a background unrelated to this new field, his expertise in corporate strategy proved to be a valuable asset. Kimishima joined The Pokémon Company as the Chief Financial Officer, demonstrating that his adept leadership skills and financial acumen were incredibly compatible with the business aspects in this industry.
Specializing in International Business
In the roles he undertook during his tenure at Sanwa Bank, Kimishima developed his expertise in the bank’s international business division. This experience exposed him to global financial practices and business cultures, shaping his global perspective and laying a solid foundation for his future endeavors. His work ranged from managing corporate accounts to handling loans, and potentially a series of other banking duties associated with international businesses. This breadth of experience provided him with an understanding of the complexities and nuances of global commerce.
Valuable Experience Gained
This period at Sanwa Bank not only shaped Kimishima’s business acumen but also cultivated his leadership skills, as he likely held several managerial positions during this time. He also garnered extensive experience in dealing with commercial transactions and business relationships on a global scale. These competencies would eventually prove invaluable in his future roles, specifically his leadership role at Nintendo.
From Banking to Entertainment Industry
Kimishima’s transition from banking to the entertainment industry, particularly video games, might seem like an unconventional move. However, his business intelligence and financial proficiency gained at Sanwa Bank served him in his future roles within Nintendo. His understanding of international business relations and the global market was critical in his strategic role to expand Nintendo’s reach worldwide.
From Banker to Nintendo’s Visionary Leader
The remarkable journey of Tatsumi Kimishima from a dedicated banker to an influential figure in the video game industry underscores his ability to transition and evolve. His keen financial insight and strategic strength, refined during his time at Sanwa Bank, along with his knowledge of global markets, played a key role in establishing the international success of Nintendo. As the head of Nintendo during some of its most prosperous periods, Kimishima drew on his unique blend of experience and talents to guide the company towards unparalleled achievement on a worldwide scale.
Transition into The Video Game Industry
The Leap from Banking to Video Games
In a significant career turning point, Tatsumi Kimishima moved from banking to the video game sphere. His transition began in 2000 when he joined Nintendo, where he worked initially as the Chief Financial Officer (CFO) of The Pokémon Company. This role marked not only his departure from finance to the gaming industry, but also the start of his enduring relationship with Nintendo, a connection that would strengthen and deepen over time.
Role at The Pokémon Company
While at The Pokémon Company, Kimishima played a key role in the financial planning and overall business strategy of the gaming giant. He was tasked with streamlining financial operations and ensuring the commercial success of Pokémon-related products. Despite him not being directly involved in the game development aspect, his influence was visible in the company’s impressive financial performance and the massive popularity earned by Pokémon games under his tenure.
Progression at Nintendo of America
In 2002, Kimishima was appointed as the President of Nintendo of America. His background in finance put him in a position to steer the company’s strategies in North America. He led the company into achieving phenomenal success through the release of the Nintendo DS and Wii. The success of these high-grossing consoles elevated Nintendo’s standing in the competitive gaming market, largely crediting Kimishima’s leadership.
Influence on Nintendo’s Strategies and Successes
During his tenure, Kimishima played a crucial role in shaping Nintendo’s business strategies, particularly focusing on expanding the company’s reach and customer base. Under Kimishima, Nintendo initiated key strategic shifts such as the Wii’s broad, “blue ocean” strategy, aimed not just at traditional gamers but also non-gamers, including women and the elderly.
Kimishima effectively utilized his financial expertise to sculpt the company’s success. He emphasized financial stability and helped strategize efficient and profitable operational processes. His leadership also illustrated the significance of well-rounded business acumen in the gaming industry, which was conventionally dominated by tech-driven expertise.
Becoming Nintendo’s Global President
Tatsumi Kimishima ascended to the position of Nintendo’s Global President in 2015, a role he maintained until 2018. His presidency was marked by significant achievements, chief among them being the launch of the Switch console. By capitalizing on the innovative and broad-appeal strategy that drove the Wii’s success, Kimishima ensured that the Switch was yet another triumph for Nintendo.
Transitioning from financial sector to the gaming industry, Kimishima’s impact was unmistakable. With his journey taking him through The Pokémon Company and Nintendo of America, he demonstrated time and again his remarkable ability to utilize his financial acumen to successfully navigate the business landscape of the gaming industry.
Tatsumi Kimishima as Nintendo’s President
Tatsumi Kimishima: Early Career and Rise in Nintendo
Prior to ascending to the presidency, Tatsumi Kimishima had already amassed impressive experiences across diverse fields. He initially carved out a successful career in the banking industry, specializing in corporate planning for over 27 years. The year 2000 marked Kimishima’s transition into the gaming industry when he joined The Pokémon Company as their Chief Financial Officer. Strikingly, just a year later in 2001, he was promoted to the role of president of Pokémon USA Inc., holding the position until 2002.
Leading Nintendo of America
In 2002, Kimishima transitioned to a more significant role within the Nintendo group, becoming the president of Nintendo of America, succeeding Minoru Arakawa. Kimishima served as the president of Nintendo of America from 2002 until May 2006, and it was under his leadership that popular Nintendo consoles such as the Nintendo DS and Wii were released in the US market, cementing Nintendo’s place in the gaming industry in the West.
A New Era: Kimishima as Nintendo’s President
In September 2015, following the untimely demise of the previous Nintendo president Satoru Iwata, Kimishima was appointed as president of Nintendo. His appointment marked a distinctive change in strategy for the company as unlike his predecessors, Kimishima didn’t have a background in developing games. His main focus was to solidify the company’s business strategy and increase its shareholder value.
The Nintendo Switch Release and Strategy Shift
One of the most critical decisions in Kimishima’s tenure was the release of the Nintendo Switch in 2017. This marked a significant shift in the company’s hardware strategy as the new console assumed a hybrid form – as both a traditionally stationary video game console and a handheld device. The decision was a high-stakes gamble, following the lackluster performance of Nintendo’s prior console, the Wii U. The gamble paid off, though, with the Nintendo Switch receiving widespread acclaim from both critics and consumers.
Company Performance Under Kimishima Leadership
Under Kimishima’s leadership, Nintendo reported stellar financials. In the fiscal year 2017, Nintendo announced net sales of approximately 1.06 trillion yen (around $9.66 billion USD), a 115.8% increase from the previous year. By the end of March 2018, Nintendo’s operating profit had soared to 177.56 billion yen (around $1.62 billion USD), a whopping 505.0% jump from the previous year. During his tenure, Kimishima also worked to expand Nintendo’s intellectual property beyond games into animations, theme parks, and mobile platforms.
Kimishima’s Influence on Nintendo
Throughout his time leading Nintendo, Tatsumi Kimishima was instrumental in transitioning and innovating the company. It was under his command that Nintendo witnessed a profound change in their business and product strategies, enabling the company to reach new levels of success. Kimishima adeptly steered Nintendo through a challenging period following the unsatisfactory sales of the Wii U and directed the triumphant launch of the Switch. The restoration of Nintendo’s position as a significant figure in the video game industry can be largely attributed to his solid business acumen and strategic foresight.
Retirement and Current Activities
Transitioning Leadership
In 2018, after nearly 20 years at Nintendo, Tatsumi Kimishima made the decision to retire from his role as President of the company. He placed the leadership baton into the hands of Shuntaro Furukawa, who at a youthful 46 years old, became one of the youngest presidents in Nintendo’s history. This leadership transition was an intentional strategy by Nintendo to engage a younger audience and stimulate expansion into new markets. Kimishima was confident that Furukawa would infuse Nintendo with a fresh outlook, all the while maintaining the company’s core values and traditions.
Post-Retirement Activities
Before retiring, Kimishima was clear about wanting Nintendo to continue with the strategic shifts he initiated, and he played a strong role in guiding his successor through an advisory role. Although officially retired, he didn’t completely sever his ties with Nintendo. Instead, he has continued to assist Furukawa and provide guidance to the board of directors.
Contributions to Gaming Industry Post Retirement
Since his retirement, Kimishima has largely remained out of the public eye, but his influence continues to be felt across the gaming industry. His leadership at Nintendo and the decisions he made during his tenure, such as the release of the Nintendo Switch, continue to have a profound impact on the industry.
Although not at the helm anymore, the legacy Kimishima left behind continues to guide Nintendo’s future direction and strategies. Under his leadership, they began tapping into the smartphone gaming industry and exploring the power of downloadable content, changes that have continued to take place. His emphasis on improving the quality of their games and consoles has also set a high standard that remains in place to this day.
Continued Influence
In his advisory role, Kimishima has proved invaluable due to his financial acumen and experience in the Western market, helping Nintendo navigate a rapidly evolving gaming landscape. His successor, Furukawa, continues to seek his advice, which has further solidified Kimishima’s influence and legacy at Nintendo, even in retirement. His strategic insights and instinctive understanding of the market dynamics continue to shape the future of Nintendo, and his legacy is embedded in the company’s renewed focus on innovation to enhance their consumers’ gaming experience.
Kimishima’s significant contributions to the gaming industry didn’t cease with his retirement but rather continue in different forms. His strategic decisions, the successful release of major products, and forward-thinking ideas have all had enduring impacts on the industry.
Kimishima’s decision to step down as Nintendo president marked the end of an era in the company’s history. His transformational leadership and strategic foresight navigated the company through years of innovative product releases, including the groundbreaking Nintendo Switch. Although Kimishima is no longer at the epicenter of Nintendo’s daily activities, his ongoing commitments offer valuable insights into his life’s current direction. Whether moving gracefully into retirement or providing expert guidance behind the scenes, Tatsumi Kimishima’s influence remains a significant driving force in the gaming industry. In a career marked by professional discreetness and unyielding resilience, Kimishima’s life stands as a testament to what can be achieved through extraordinary dedication and strategic vision.