Yeah, it's hardware related for sure, but it almost certainly isn't a gaming console.
It's a new business platform which is centered on quality of life, which will involve hardware and software to support the business, but it's not a console. (unless something was miscommunicated or is changed as time advances).
Below is one of the quotes and diagrams from the strategy meeting given in January.
"We will also take on the challenge of expanding into a new business area.
We will attempt to establish a new platform business with which we can leverage our strengths, but which is independent from our video game platform business."