Capcom reports revenue drop in quarter lacking new releases

Capcom has navigated through a tough first quarter, thanks to continued strong sales of Dead Rising 3 and Monster Hunter titles.

The publisher emerged from the three-month period without a single new release battered, but not broken. The company notes a drop in both sales and net income, but those figures are offset by a rise in operating income based on repeat sales and increased efficiency.

Sales for this quarter were down 7.8bn yen to 9.6bn yen, versus the same period last year. Net income also saw a drop of 63m yen to 765m yen, but operating income rose to 1.27bn yen from last year’s 723m yen.

Capcom states Dead Rising 3 "continued to show a robust sale" during the quarter – adding that online game Monster Hunter Frontier GG and iOS title Monster Hunter Freedom Unite also performed well.

"Capcom has promoted measures to improve earnings by reducing the cost of sales in the Mobile Contents sub-segment, etc. and cutting back on selling, general and administrative expenses, which resulted in 75.3 per cent growth in operating income," the company stated in its report.

The company’s full year forecast for the fiscal period ending March 31st of next year remains at approximate net sales of $786m and an operating income around $103m.