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REPORT - Nintendo to cut Summer bonuses by 20%

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.

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