May is not when their shareholders meeting happens, May 7th is their Annual Fiscal Year Report, they'll also share their projections for the current Fiscal Year, which ends in March 2025, as such, if a new gen is releasing in March and they expect to sell, say, 5-8m hardware in a month, it'd be in their projections and that's not something you can hide. They'll also will be paying the manufacturing, storage and shipping of the new system which would probably appear in their projections in some way.
Nintendo is, allegedly, preparing to ship over 10m units of the system this FY. Mochizuki might have gotten the date wrong, but it's still in this FY even if it launches in March 2025. You can't exactly hide the impact of producing, shipping and selling 10m units of unknown hardware in a single month or even through 2-3 months.
This is why I believe that they will acknowledge the system in May 7, even if they don't say it's name, even if they don't mention any special new features, even if they don't mention any specific games being prepared for it. They might just send a memo that states it'll happen and to wait for further information at a later date which, seeing as there is probably no General Direct until late June for the rest of the Switch's schedule for the year, will probably be either in September or October (they could replicate the Switch teaser to launch plan).
I think they might also want to avoid hardware leaks from manufacturing, so if that starts in July or August, they might just come clean and show the new hardware to us, so that they can show it in the best light possible and control the narrative, unlike what happened with the Switch, which leaked through Eurogamer in late July 2016, thus the possibility of them not waiting until September or October to show it to us is not 0%.
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