Despite falling sales and profits for Nintendo in its The third quarterreportedly raises the salary base of its employees by 10% in its home country.
Author’s report Reuters reveals that the Japanese video game giant is taking measures to ensure the “long-term growth” of its workforce. It followed a call by the country’s Prime Minister, Fumio Kishida – who is asking local companies to raise wages for workers to combat inflation.
“For our long-term growth, it is important to secure our workforce,” Nintendo President Shuntaro Furukawa said in an earnings briefing. (via Reuters)
Nintendo also revised its annual software sales forecast from 210 million units to 205 million units and lowered its Switch sales target from 19 million to 18 million for the next period. The revised forecast and the drop in earnings are related to inflation within the local economy, as well as fluctuations in the foreign exchange markets.
The company has previously said it has no plans to raise software or console prices in the near future, but is open to price increases if circumstances change. It’s also keeping quiet about a possible successor to the Switch.
On the bright side, the company has seen strong growth in digital game sales and Switch system sales are fast approaching the one billion mark. You can learn more in the following stories:
