Nintendo's newly appointed president Tatsumi Kimishima has only been elected for a single year. Kimishima revealed the length of his term in an interview with Japanese newspaper The Nikkei.

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Kimishima also said he was not given any instructions from late Nintendo president Satoru Iwata. Iwata died on July 11 from complications arising from a growth on his bile duct.The interview, highlights of which were translated by Twitter user Dr. Serkan Toto, also shed light on the company's future plans. Its smartphone and IP-related tasks won't be changing, Kimishima said, but the company's task is now to develop new businesses. What this means remains to be seen.Kimishima also said he is open to the idea of a company outsider coming in at some point in the future and running the company. This would be a huge change of course for Nintendo. Previous to the leadership of Iwata, who was definitely a company-insider, Nintendo had been led exclusively by members of the Yamauchi family. Nintendo named Kimishima as its president today, and also granted new titles to Shigeru Miyamoto and Genyo Takeda . Nintendo also announced it will undergo a company-wide revision of its structure beginning Wednesday of this week.

Seth Macy is a freelance writer who just wants to be your friend. Follow him on Twitter @sethmacy , and MyIGN at sethgmacy , or check out Seth Macy's YouTube channel.