Capcom sales slump halves profits
Capcom's profits for the six months ending September 30 fell 49.2 per cent year on year.
Net income fell from last year's ¥1.78 billion (£14.64 million) to ¥906 million (£7.43 million). Net sales revenue dropped 28.1 per cent year on year, to ¥29.25 billion (£240.6 million). Once again its mobile business was the star performer: fired by the success of Smurfs Village, it brought in 89 per cent more revenue than last year.
The publisher pinned the decline on the Japanese economy – with falling stock prices contrasted with the appreciation of the Yen, which means less revenue from exports – as well as a relative lack of major releases.
During the six months to September 30, 2010, Capcom released the likes of Super Street Fighter IV, Lost Planet 2 and Monster Hunter Frontier Online. The same period this year saw the release of Resident Evil: The Mercenaries 3D and Monster Hunter Portable HD – which the publisher says "performed solidly" – and downloadable expansion Super Street Fighter IV Arcade Edition, which "basically achieved projected sales."
Despite this, Capcom still beat its own forecasts. Last month it quadrupled its expected profit to ¥800 million, and increased its projected revenue to ¥28 billion.