Nintendo president Shuntaro Furukawa has stated to shareholders that the Kyoto-based company has now raised its base salary for employees by 10% in a move to retain talent. Here’s what Mr. Furukawa told investors today via machine translation.

We maintain salaries at an appropriate level. We believe it is important to ensure that compensation remains at an appropriate standard. For example, we have increased pay, including raising base salaries by 10%.