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He got into this position at a hard time for nintendo. Now things are looking way better, and while not all of that success can be his archievement, the company is at a much better position than when he started. Looks like he did a great job!

Maybe at this age, he thinks that now, where nintendo is back in it's good way, he can rest a bit and let the younger people move on. He is 68, so a retirement - with a bit of advising the new directors - seems to be a good move.