Capcom Sales Up But Earnings Down
Strong sales of flagship titles can't fight off appreciating yen and "substantial underperformance" of Lost Planet 2.
Capcom saw increased sales in the first six months of fiscal 2010. However, earnings were down due to the appreciating yen, delays and poor performance from one major release.
Sales reached 40,706 million yen for the six months ended September 30, up 4.7% from the same six month period in 2009. Operating income fell 29.3% to 3,942 million yen.
The company said that flagship titles like Dead Rising 2 and Super Street Fighter IV had strong sales. "Middle size" games like Sengoku Basara Samurai Heroes and Monster Hunter Diary were also hits with over 500,000 units shipped.
Joining the appreciating yen, a delay in the release of Dead Rising 2 and the "substantial underperformance" of Lost Planet 2 relative to projections were major factors cited for the operating income drop.
For the fiscal year as a whole, Capcom expects sales of 91,000 million yen and operating income of 13,000 million yen.
You can view a more detailed summary of Capcom's earnings here.