Capcom released their yearly financial reports which indicate that the company has seen a considerable reduction in net income during the fiscal year ending 31 March 2010, with the company citing net incomes of ¥2,167 compared to last year’s ¥8,063 million. The publishing giants blame a lack of new hardware, lower unit prices and the increase in digital distribution for the decline.
Capcom CEO, Kenzo Tsujimoto said that their earnings this year were lower than in the previous fiscal period but that “Capcom is now ready to get back on a growth trajectory once again.”
This is reportedly their lowest net income figure since 2004. The poor results have been blamed on the delay of major titles into fiscal year 2011 such as Dead Rising 2 and Monster Hunter Diary which would obviously have pushed that figure to a much higher bracket.
The annual report reveals that $1.9 billion (£1.20 bn) has been wiped off the international videogame market between 2008 and 2009, and predicts a further $2 billion (£1.27 bn) to be lost by the end of 2010.
I am sure they can bounce back next with Dead Rising 2 gaining a lot of hype. The new series seems pivotal for them.