Capcom sales are down due to lack of “major titles”
Capcom sales are down for the quarter ending June 30, 2014. In its financial report published today, the company noted that net sales dipped to 9.57 billion yen ($93 million, £55.1 million). That’s a decrease of 45.1 percent from the previous year.
Net income also dropped from 828 million yen ($8 million, £4.7 million) the previous year to 765 million yen ($7.4 million, £4.4 million).
Why the downturn? Capcom believes the decrease in sales can be attributed to “a lack of new major titles.”
Fortunately, today’s news isn’t entirely disappointing for Capcom. Operating income actually rose by 75.3 percent year-over-year for an increase of 1.26 billion yen ($12.2 million, £7.2 million). Monster Hunter Frontier GG also “performed steadily with major update.”
Capcom says the company is “on track to achieve full-year forecasts with improving profitability” with a desire to improve earnings by “reducing the cost of sales.”
