Capcom stock hits five-year high, boosted by Wii
Capcom's shares on the Tokyo Stock Exchange rose to 2,855 yen at close today, the publisher's highest close since September 26, 2002, according to Bloomberg. The stock has risen 14 percent in the last two days and 33 percent this year.
The good fortune has been attributed to sales of Resident Evil 4 for the Nintendo Wii, which is selling well worldwide, and expectations that the publisher's annual sales will rise 11 percent as it doubles the number of Wii titles it releases to six. Much of the increase, Bloomberg implies, is attributed to Capcom's vocalizing support for Nintendo's console.
In November 2002, around the time of Capcom's last share high, the company had opened CE Europe Ltd. in London.
