Capcom's 1st Quarter Profits Were Down 37.3%
posted on by Lynzee Loveridge
Video game company Capcom posted its financial results for the fiscal first quarter on Wednesday. The quarter ran from April 1 to June 30.
The company reported 17.457 billion yen (about US$178.5 million) in net sales, a 6.2% decrease from the same period last year. Operating income was 723 million yen (US$7.4 million) for a 72.9% drop, ordinary income was 1.151 billion yen (US$12.2 million) for a 47.9% decrease, and net profit was 828 million yen (US$8.4 million) or 37.3% lower than last year's.
Capcom cited lower title pricing as one reason for the company's lower performance. Capcom marked titles lower than their worth to attract higher sales numbers. The company's mobile division also sold less than previous years.
Specifically, Resident Evil: Revelations and Dragon's Dogma: Dark Arisen met target sales numbers but did not outperform expectations. Online games Monster Hunter Frontier G and Onimusha Soul are both cited as launching successfully. The arcade title Resident Evil 5 and pachinko game Mario Party Fushigi no Korokoro Catcher 2 also performed solidly.
Capcom expects to raise prospects throughout the remaining fiscal year via a successful launch of Monster Hunter 4 in September, 1.6 billion yen (US$16.3 million) in downloadable content sales, and a company reorganization.