Capcom sees Q3 profit decline, raises full-year forecast

Capcom has announced (via Gamasutra) the results of its fiscal third quarter, showing 51.66 billion yen in net sales (US $484.5 million; a 4.8 percent increase) but net income dropping 17.8 percent to 3.57 billion yen (US $33.5m). Despite the decline and thanks to expected sales of Devil May Cry 4, Capcom raised its expected fiscal year operating profit to 11.5 billion yen (US $107.9m), a 20 percent increase over last year and 15 percent more than previous forecasts.

Strong-selling titles for Capcom include Resident Evil: Umbrella Chronicles in North America and Monster Hunter 2 in Japan. Zack & Wiki unit sales were noted as growing "steadily" (and given the title's critical praise, it's about time). The publisher's "stagnant" arcade and coin-op divisions and uncertainties in the Japanese and world economies were cited as reasons for its profit drop. Devil May Cry 4 is expected to hit 1.9 million in unit sales by March 31.