Nintendo to cut summer bonuses by 20 percent : Nikkei

Mon Jun 11, 2012 4:41pm EDT

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(Reuters) - Nintendo Co will cut its employees' summer bonuses by about 20 percent this year as a result of weak business performance, Japanese business daily Nikkei reported.

The video game giant reported its first annual operating loss of 37.3 billion yen ($469.65 million) in April on shrinking sales of its Wii gaming console and weak demand for its new 3DS handheld device.

The company has reduced executive compensations from last year, the newspaper said.

(Reporting by Eileen Anupa Soreng in Bangalore; Editing by Joyjeet Das)

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Comments (3)
stealth20k wrote:
and the stock has been up the last 2 days…..

whats your point?

stocks go up and down

before E3 sonys stock was at its lowest price since the 80s and microsofts game division is at a cross roads

things bounce back, I remember seeing a graph and before E3 basically every game company with a stock was in red….

honestly, the wii u has the best launch lineup for any nintendo system ever, and the bias slant these sights are putting on it isnt right……..

why would they?

they will make profit this year, this is all based on last year……..

By the way the 3ds did amazing with 17+ million sold in 1 full year, so they kinda made that last part up

i guess we have to go through the ridiculous doom and gloom every time

Jun 11, 2012 10:03pm EDT  --  Report as abuse
Der_Jon wrote:
Nice to see a company holding it’s execs accountable! Good work, Nintendo!

Jun 11, 2012 10:48pm EDT  --  Report as abuse
Der_Jon wrote:
Nice to see a company holding it’s execs accountable! Good work, Nintendo!

Jun 11, 2012 10:48pm EDT  --  Report as abuse
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