Capcom calls earnings 'sluggish' over last fiscal year
by JC Fletcher 
on May 7th 2010 9:39AM
Usually, a company's financial results press release is just called "Financial results for [insert time period]" or something equally neutral, but
Capcom went ahead and put "sluggish" in its own headline to describe its fiscal year ending March 31. The publisher's net sales for the year were ¥66.84 billion ($751.35 million), down 27.3 percent from the previous fiscal year, and net income plummeted 73.1 percent year-over-year to just ¥2.17 billion ($24.36 million).
Capcom blamed the financial decline on
the delays of
Lost Planet 2, Super Street Fighter IV and
Monster Hunter Tri to the current fiscal year, though the company previously took these delays into account in a
revised earnings forecast last December. (On the bright side, actual nets sales did surpass the predicted figures by about ¥1.84 billion.) In addition to the delays, earnings suffered from
sluggish sales of
Dark Void,
Bionic Commando and
Resident Evil: The Darkside Chronicles, which all failed to meet Capcom's expectations.
