Nintendo announced that on February 7, it would give its employees' base pay a 10% increase, despite a lower full-year profit prediction and a decrease in the Nintendo Switch sales goal of 19 million units to 18 million units.
As reported by Reuters, this comes as inflation affects the Japanese economy, with Prime Minister Fumio Kishida urging for pay raises. Nintendo President Shuntaro Furukawa said, "Our workforce must be secure long-term."
Nintendo lowers its profit prediction by 4% to 480 billion yen, as well as lowering its software sales objective by five million units, and the Nintendo Switch console console sales prediction by one million units.
We must wait to see what Nintendo has planned for the first half of this year at the Nintendo Direct, which is expected to last until February 2023. This is a hard to imagine as Nintendo's E3 2023 absence is thought to be due to a light release schedule for the second half of the year.
Anyway, check out the above video, or for more beyond Nintendo pay increases, check out the Nintendo Switch production enhancement announcement or the Nintendo Switch sales update.