Iwata：

I met Mr. Moriyasu for the first time in June 2010.

Mr. Moriyasu first approached us with a proposal to use Nintendo IP in their mobile games. He was very passionate about the prospect of collaborating with Nintendo in some way, so we have continued our talks since then.

At some point in the past, I realized that there would be great potential for global synergy by combining the efforts of the two companies, as we would face dynamic environmental changes. Since then, in addition to my discussions with Mr. Moriyasu, key persons from both companies have been discussing these possibilities.

As a result, we have concluded that we will be able to create great synergies by forming a business alliance and leveraging the two companies’ strengths.