Overview
- Nintendo announced the change at its shareholders meeting after an investor questioned the firm’s lack of a labor union.
- President Shuntaru Furukawa said the company will raise base pay by 10 percent in Japan and that keeping compensation appropriate is key to retaining staff.
- The move follows public calls from Prime Minister Fumio Kishida for higher corporate wages as inflation begins to push up costs for workers.
- Nintendo used the meeting to counter earlier reports about leadership changes, saying longtime developer Takashi Tezuka is not retiring.
- The raise targets thousands of employees and is meant to help Nintendo hold talent during a difficult period for parts of the gaming industry and rising living costs.