I love this. Nintendo is increasing the salaries of its employees even though it intends to make less of a profit. Short of giving everyone ownership, this is how you invest in your people during a downturn.
Nintendo plans to raise its employees’ base pay by 10% this year in the wake of inflation. Reuters reported that Nintendo plans to raise salaries even as it reduced its profit expectation for the year. Nintendo previously cut its operating profit forecast from a projected 582 billion yen to 480 billion yen ($3.6 billion).
Nintendo also amended its projected software and hardware sales. It projects that the Switch will sell 18 million units this year, as opposed to the prior forecast of 19 million. Similarly, it dropped the software sales forecast from 210 million units to 205 million. Nintendo re-affirmed that it does not currently have plan to raise prices for its consoles or games.