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Capcom Sees Falling Earnings, Plans Social Gaming Expansion

 
The 3DS Monster Hunter beat Capcom's one million sales target.

Capcom saw drops in sales and earnings for the first nine months of the current fiscal year.

In its earnings filing today, the company reported sales of 50,270 million yen for the nine month period ended December 31. This is a drop of 47.2% from the same period the year prior. Operating income was down 48.5% to 5,823 million yen.

Monster Hunter 3G sold 1.2 million units, beating its target of 1 million units. Ultimate Marvel VS Capcom 3 and Dead Rising 2 Off the Record did well overseas. Worldwide totals for these two were, respectively, 600,000 units and 500,000 units.

For the remainder of the year, the company said that it hopes to reach its previously announced earnings forecasts through the growth of its mobile contents business and social games expansion.

Longer term, the company offered a progress report for some of the growth strategy points it outlined in past earnings reports. It made note of Resident Evil 6's worldwide release in November 2012 as an example of shortened development time for new titles in existing series. Dragon's Dogma, due for worldwide release in May 2012, was mentioned as an example of the introduction of a new brand.

We'll be hearing more about Capcom's upcoming plans at the annual Captivate press event. This year's event is being held from April 2 through April 4.

For the remainder of fiscal 2011, Capcom hopes to sell 2 million units each of Resident Evil Operation Racoon City and Street Fighter x Tekken.

For more on Capcom's earnings, see these resources:

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