It might be, I’m no expert on Japanese business culture so I can’t say for sure.

I don’t know too much about Nintendos current president but I do know that under Iwata they had a history of looking out for their employees even when the company was losing money. Biggest off hand example is that Iwata voluntarily took a pay cut to ensure that none of the devs or staff received one.

I’d say it’s likely that they follow up on it though prices might increase a bit on games. The new Zelda is more than the standard switch game but that could be because of content and dev time.