Capcom First Quarter Profits Drop 90%

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Japanese developer and publisher Capcom has reported a staggering 90.4% drop in net income for its 2011 fiscal year's first quarter compared to the same period last year.

Capcom's net income between April 1 and June 30 was 213 million yen (around $2.4 million US), down roughly $23.2 million US from the previous fiscal year's first three months. The blame is pinned on factors including shrinking US and European markets, exchange rate changes, poor sales and an increase in development costs.

Capcom reports that its "flagship title" Lost Planet 2 "underperformed its projection substantially" while Monster Hunter Tri "grew at sluggish pace" and Ghost Trick: Phantom Detective--due to hit North America this winter--"struggled." Lost Planet 2 faltering must doubly sting as Capcom pinned a portion of the blame for its 73% drop in profits last year on the fact that the shooter was delayed until its 2011 financial year.

On the bright side, Capcom's mobile versions of Street Fighter IV and Phoenix Wright: Ace Attorney have "achieved their projected sales." The company also has recently announced a slew of new projects, including Street Fighter III: 3rd Strike Online Edition, Street Fighter X Tekken, Mega Man Universe and the Nintendo 3DS title Resident Evil: Revelations--though of course all are only drains on income until they are released.

From The Chatty
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    July 29, 2010 7:40 AM

    What can you expect Capcom, all your games sucked this year.

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      July 29, 2010 7:46 AM

      Amen to that. I tried Monster Hunter and wasn't very impressed for all the hype. Sure the Asians might love it but that's not saying a lot. They don't take care of their children so they can play WoW non stop.

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        July 29, 2010 8:56 AM

        It's good, just not very friendly.

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        July 29, 2010 9:24 AM

        And the ignorant comment for the day goes to....

        Azzaziel!

        Congratulations! You're a db!

          • Ebu legacy 10 years
            reply
            July 29, 2010 11:06 AM

            5 years ago.

            A child died due to negligence.

            From that, you extrapolate to one of the most racist comments on the Shack today.

            Bravo!

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            July 29, 2010 11:12 AM

            lol, as opposed to leaving your kid with a pitbull and have his balls bitten off. Right?

            stupid will say what stupid thinks

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              July 29, 2010 12:23 PM

              You know that child abuse and neglect happens in all continents, right?

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            July 29, 2010 11:17 AM

            ...and if you read the article you linked you would see that it is making the point that THIS IS NOT ABOUT GAMES and THIS IS NOT ABOUT KOREAN GAMERS! It's about neglect, and that it happens to relate to games in this case isn't the point. People take their recreational activities to far in all areas, that relates to those people, and possible a general lack of human responsibility, not to games and not to a particular culture.

            Seriously dude, making racial comments here is disrespectful to the dead child, and the culture that those parents came from. Modern society in pretty much all cultures is f***ed... Korea's no exception...but that's not because they are Korean, it's because they are human.

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        July 29, 2010 10:04 AM

        Agreed. I couldn't stand to play Monster Hunter anymore than the first few hours, how this game got so popular I will never understand.

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        July 30, 2010 10:32 AM

        Wow what a retarded thing to say. Did a 14y old asian kid take your McD job?

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      July 29, 2010 8:30 AM

      Yup, this. Makes me sad though, they were on a roll in previous years and doing some great stuff.

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        July 29, 2010 9:31 AM

        Agreed, I usually LOVE capcom games. But this year was a huge letdown.

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      July 29, 2010 10:09 AM

      Super Street Fighter IV was awesome. but that may be it.

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        July 29, 2010 11:02 AM

        I also loved Super Street Fighter 4 but lets face it it was only a update to there Street Fighter 4 game. I'm sure Marvel vs Capcom 3 will sell big time though. They just have to realize that there are products they make that don't really sell to the mainstream non Japan audience.

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