Capcom has posted its financial results for the fist nine months of its fiscal year, and for the period, both profit and revenue decreased year-over-year. Profits were down 52.6% to ¥3.2 billion ($42.6 million) compared to ¥6.8 billion ($89.8 million), and revenue was down 29% to ¥50.3 billion ($660.6 million) compared to ¥70.8 billion ($930.0 million).
For the period ending December 31, revenue for the firm’s online games division declined 41.3% to ¥31.7 billion ($416.8 million) compared to ¥54.1 billion ($710.4 million) year-over-year.
The firm said the financial decline was due in part to “a decrease in sales” of online titles, compared last year’s “mass release of major consumer online titles.” The firm said consumers were not as bullish toward online releases during the quarter, resulting in losses for the firm.
A bright spot for the firm was Monster Hunter 3G which moved over 1 million copies on 3DS, and the firm noted that Dead Rising 2: Off The Record and Ultimate Marvel VS. Capcom 3 also fared well. In Japan, the Monster Hunter Frontier Online series also showed “steady growth” and “stable popularity.”
“The video game industry enjoyed a lively year-end holiday shopping season with the market showing increased activity for the first time in a long while, owing to the release of popular software in addition to the launch of new mobile game consoles and the price reduction of some hardware,” said ...
