Capcom's Six-Month Net Income Drops

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CapcomCapcom announced certain financial results for the first six months of its fiscal year, a period ended September 30, 2011. Read on for more details...
For the six months ended September 30, 2011, Capcom reported net income of ¥906 million (around $12 million), compared to net income of ¥1.784 billion in the same period the previous year.

Specifically, Capcom highlighted that a "...trend of structural change is washing over the video game industry with new platforms gaining greater presence..." noting that console gaming is declining while social and smartphone gaming is on the rise.

Operating income for Capcom's Consumer Online Games segment was down 50.3% to ¥2.251 billion. Capcom noted that Resident Evil: The Mercenaries 3D and Monster Hunter Freedom 3 performed well. Despite adequate console gaming results (Capcom's results were better last year, in part, due to more titles being released), Capcom's results were driven by the "Mobile Contents" division that achieved strong sales for The Smurfs' Village on Facebook and other platforms. Mobile Contents tripled its operating income to ¥903 million due to increased sales.

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This page contains a single entry by Editor published on October 26, 2011 11:44 PM.

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