More 'sluggish' sales plague Capcom financials

Capcom experienced another "sluggish" performance in its latest financial quarter -- the first of Fiscal 2010, from April 1 to June 30 -- and consequently blamed slow growth of Lost Planet 2 sales, among other things. Net sales for the quarter were down 2.4 percent year-over-year at 19 million yen ($219 million) and net income dropped a dramatic 90 percent from last year to the tune of 213 million yen ($2.5 million).

Although titles like Super Street Fighter IV and Monster Hunter Frontier Online showed what Capcom calls "steady growth," LP2 and Monster Hunter Tri only sold at a "sluggish pace." The first two weeks of Ghost Trick sales were also met with disappointment, although the game premiered at number two in its first week of Japanese sales.

The Japanese publisher also lamented "shrinking" US and European markets "under the stagnating economy," as well as fluctuating exchange rates. Though sales across the board were lower than expected, Capcom considers its financial forecast for this fiscal year to be unaffected.

This article was originally published on Joystiq.