Nintendo has held their first shareholders meeting for the financial year, and with it they have revealed some key pieces of information about where they are looking in the future. Through the meeting Shigeru Miyamoto has shared that their actively researching virtual reality, which of course is a big thing right now.

From reports made through Twitter (translated by Cheesemeister), it has been confirmed that Nintendo is looking into virtual reality when Miyamoto said that they are “researching VR” so it has “the core technology.” Surely they don’t want another Virtual Boy on their hands.

The problem is that “Long play sessions are an issue,” which Miyamoto has said according to the translation. “We want to release something that can be played for long periods, carries value, and is affordable. We want parents to feel at ease.”

Virtual Reality has been a rumored component for the Nintendo NX, though we don’t know whether Nintendo is actually moving towards this feature in their console, or whether it will be in a later stage.

Speaking of the NX, Nintendo has also confirmed why they have yet to share any information on their new console, with Miyamoto having sighted a need to “avoid imitators.”

“Normally we would’ve shown the NX at E3” he said, “but we didn’t. We’re worried about imitators if we release info too early.”