Capcom Reports "Sluggish" Financial Figures

Delays and disappointing sales lead to 73% profit drop.

Posted by Staff
Capcom Reports "Sluggish" Financial Figures
Capcom has released its financial earnings for the fiscal year ending 31st March 2010, blaming weak sales and delayed releases as the reason behind "sluggish" figures.

Net sales for the company year-on-year decreased 27.3 per cent to 66,837 million yen ($725m USD). Profit came to 2,167 million yen ($23.5m USD), a whopping 73.1 per cent drop. MotoGP, Bionic Commando and Dark Void were highlighted as high profile releases that saw "weak sales," while delays to Lost Planet 2, Super Street Fighter IV and Monster Hunter Tri in the West resulted in "significantly depressed sales."

Despite this, Capcom has announced that the Monster Hunter series is seeing strong popularity in Japan while Resident Evil 5 and the aforementioned Street Fighter update "achieved healthy growth" overseas.

The company's forecast for the year is a profit of 8,000 million yen ($86.8m USD) on net sales of 95,000 million yen ($1b USD), with major game releases supporting "a sharp rebound."


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