Capcom Confirms 37.3% Drop in Profits in Second Quarter of 2013

Lack of new releases sees profits tumble

Capcom has confirmed its profits took a big hit in the second quarter of 2013, largely down to the low amount of new releases.

The company recorded net sales of 17.4 billion yen for the three months to 30th June ($178.7 million/ £117.5 million/ €134.2 million), down 6.2 percent compared to the second quarter of 2012.

Profits hit 828 million yen ($8.4 million/ £5.5 million/ €6.3 million), which was a 37.3 percent slide, compared to the same period last year. However, this was expected as Capcom did not launch any major new titles. As a result, the company has kept forecasts unchanged for the financial year.

The firm's games sector performed particularly poorly, with sales down 9.4 percent across the board, which contributed to the 82.4 percent drop in operating profits.

Phoenix Wright: Ace Attorney - Dual Destinies has recently been released in Japan and will surely help the company improve in the third quarter after it stormed to the top of the charts last week. Monster Hunter 4 will also emerge in September in Japan on the 3DS, while Lost Planet 3 and DuckTales: Remastered are due for worldwide release in August.

Capcom will hope these titles give its third quarter earnings a timely boost.

[via capcom.co.jp, gamesindustry.biz]