Satoru Iwata, the president of Nintendo Co., has died on Saturday, July 11 due to bile duct growth. He was 55.
Iwata had surgery last year to remove the growth and had resumed working after a brief period of recovery.
Bile duct cancer or also known as cholangiocarcinoma is caused by an abnormal and uncontrolled growth of cells in the bile duct. The cause of most bile duct cancers is unknown, however there are a number of risk factors that can increase the risk of developing bile duct cancer. Cancer in the bile ducts can block the flow of bile from the liver to the intestine. This causes bile to flow back into the blood and body tissues, and the skin and whites of the eyes to become yellow (jaundice). It also causes the urine to become a dark yellow color and stools to look pale and makes the skin become itchy. Other possible symptoms include discomfort in the tummy area, loss of appetite, high temperatures and weight loss. It was believed that Iwata had suffering these symptoms for at least over a year and was forced to skip last year’s E3 conference because othe same health problem.
Nintendo Co., Ltd is a Japanese multinational consumer electronics company headquartered in Kyoto, Japan. Nintendo is the world’s largest video game company by revenue founded on September 23, 1889 by Fusajiro Yamauchi. In 2000, Iwata joined Nintendo proper as the head of its corporate-planning division. When Nintendo president Hiroshi Yamauchi retired in 2002 (Yamauchi had been president since 1949), Iwata was picked to succeed as the fourth president of the company. Iwata as the new president had led the company to huge success with the Nintendo DS and Wii consoles.
In the flood of tributes and condolences in the wake of the death of Nintendo president Satoru Iwata, one note rings clear and consistent. No matter who talks about Iwata, be they business partners, colleagues, journalists or even rivals, each of them reaches the same conclusion; Satoru Iwata was a nice guy.
However, it doesn’t change the fact that Satoru Iwata’s death brings commotion to the company as to its share ratings and successor for precedency.
“Nintendo is undergoing one of its biggest shifts ever,” said Serkan Toto, a Tokyo-based videogame consultant. “Iwata-san’s passing away will make things a little problematic, but it is not unsolvable.” Nintendo shares were down less than 1% in Monday morning trading.
In line with Iwata’s death Nintendo hasn’t announced a successor yet but has noted that Genyo Takeda and Shigeru Miyamoto will remain as decision-making representative directors of the company. Both were great leaders and workers who have supported Nintendo and the late president Satoru Iwata.