OSAKA , Jan. 29 -- ( Kyodo ) _ Nintendo Co. President Satoru Iwata said Wednesday he will halve his salary for five months from February to take responsibility for poor earnings at the major game console maker. Two other representative directors will have their salaries cut by 30 percent, while other board members face a 20 percent drop. Earlier this month, Nintendo revised its earnings estimates downward for fiscal 2013 ending in March, anticipating a group operating loss of 35 billion yen instead of an earlier-projected profit of 100 billion yen . It will thus log an operating loss for the third straight year. For the first three quarters of fiscal 2013, Nintendo posted a group operating loss of 1.58 billion yen against the year-earlier loss of 5.86 billion yen as game console sales remained sluggish, the company said Wednesday. But the yen's depreciation allowed the company to score a group net profit of 10.20 billion yen , down 29.9 percent from a year earlier.
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