Based on a fiscal report released by Nintendo, the Japanese game maker aims to release five new games for mobile devices by the end of March of 2017.

Although that figure is a bit small given Nintendo's timeline, president Satoru Iwata said that it is all part of the company's strategy in taking on the mobile gaming industry, according to Mac Rumors.

For the project, Nintendo has partnered with Japan-based mobile gaming studio DeNA. From the end of the fiscal year for Nintendo, which is March 2015, until the targeted date, the partners have around two years to release five new mobile games.

Iwata said the first game is scheduled to come out sometime this year.

The company president also explained that Nintendo decided to produce only five games in two years in order to ensure the quality of each project. In other words, this strategy will give the company more time to polish the games.

As to the nature of the games, Iwata previously said that Nintendo has no plans to port existing titles to mobile platforms. Since consoles and mobile devices are completely different platforms, releasing similar games to these two will have varying results.

"If we were to simply port software that already has a track record on a dedicated game system, it would not match the play styles of smart devices, and the appropriate business models are different between the two, so we would not anticipate a great result," he stated in the report.

"If we did not aim to achieve a significant result, it would be meaningless for us to do it at all," Iwata continued. "Accordingly, we are going to carefully select appropriate IP and titles for our smart device deployment."

Given Nintendo's plans with DeNA, it seems the company is preparing to make a huge impact in the mobile gaming market. However, this does not mean that the company will stop its operations in the hardware department, The Verge reported.

Based on various sources, Nintendo is currently in the process of developing a new gaming console dubbed as the NX.