Nintendo has said it will finally announce its Switch successor console “within this fiscal year”, so at some point before March 31, 2025. In a statement published to X / Twitter, Shuntaro Furukawa, President of Nintendo, confirmed the new console as Nintendo published its financial report for the fiscal year ending March 31, 2024.

While details are obviously scant, this is the first confirmation from Nintendo that it’s indeed working on a new console since rumors about its plans cropped up earlier this year. Most of those reports suggest Nintendo is working on a new Switch console that could launch in early 2021 with 4K video support.

Nintendo will release its next-gen console during the second half of 2024, according to a new report. Sources told VGC development kits for the unannounced new console are now with partner studios, with a second half of 2024 release window set to give Nintendo enough time to ensure plenty of stock for launch.