Nintendo’s share price up 5% thanks to late president Satoru Iwata keeping his promise

This is the first time in more than a decade that publisher Nintendo has reported its quarterly financial results without its president Satoru Iwata. The gaming company chief died earlier this month, but he left the Mario maker in strong position.

Nintendo’s share price has surged up 5.6 percent to around $22.23 on over-the-counter markets. This comes as the publisher reported a profit (operating income) of $9.3 million, which smashed analyst expectations. Wall Street was anticipating that the company would report a lost of around $1 million. Nintendo owes its Q1 success to a few factors, but the majority of the credit should go to Iwata — who struggled to return the publisher back into a consistently profitable business.