Tecmo Koei lowers profit forecast after Q3 losses
Tecmo Koei has announced that it's lowering its annual operating profit forecast (essentially its guess for how much profit it will bring in before taxes) by a painful 95%. In addition, stock fell 9.5% to 630 yen ($7).
This comes after the announcement of disappointing third-quarter losses (PDF link) totaling 1.842 billion yen ($20.4 million), and after the announcement that two high-profile games, Quantum Theory and Trinity: Zill O'll Zero, have been delayed, thus eliminating whatever they would have contributed to the current fiscal year. Now it's all up to Dead or Alive: Paradise and the Western releases of Monster Rancher DS and Again.
Source [PDF]
