Capcom's arcade unit saw big declines but the home video game business more than made up for it as profits jumped 33 percent on the year.
by James Brightman on Wednesday, May 21, 2008
Capcom today reported its earnings for the 2007 fiscal year ended March 31. Net sales were up 11.5 percent to 83.1 billion yen (about $803 million) while net income grew 33.4 percent to 7.8 billion yen (about $75 million). Operating income was up 36.6 percent to 13.1 billion yen.
Sales were largely driven by Resident Evil Wii edition, Resident Evil: The Umbrella Chronicles, and Devil May Cry 4, which saw "robust sales" in overseas markets. Regarding the two RE titles Capcom said "their shipment surpassed one million units, greatly exceeding our projection."
Capcom added that Devil May Cry 4 "gained overwhelming popularity as soon as it was released and continued to achieve smooth growth in the U.S. and Europe. This software achieved record sales for Capcom in recent years with over two million units sold."
Monster Hunter Freedom 2 and Monster Hunter Freedom 2G were deemed to have "satisfactory sales" in Japan.
As a result of these performances, Capcom's home video games business saw net sales increase to 51.7 billion yen (up 18 percent) and operating income increase to 11.6 billion yen (up 44.1 percent).
Capcom also provided guidance for the current fiscal year ending next March, predicting improved overall earnings for fiscal '08. The publisher is expecting net sales of 95.3 billion yen and net income of 8.6 billion yen.
GameDaily


