With no new major releases, Capcom sees profits drop
Capcom's revenues and profits were down during the first quarter of the current fiscal year, mainly due to a lack of major releases from the Japanese publisher.
The company had to rely on sales of existing products during the last few months, and while titles like Dead Rising 3, Monster Hunter Frontier GG and Phoenix Wright Ace Attorney Trilogy saw robust performances, it wasn't enough to offset the sales decrease.
"Overall performance was reduced as minor titles and repeat sales accounted for most of the lineup during the period under review due to a lack of major new titles," said the company.
Capcom has been having problems with boosting its mobile games business in recent times, but the company says that its mobile sector actually showed signs of improvement last quarter, thanks in part to the launch of Monster Hunter Freedom Unite on iOS.
For the quarter ended June 30, 2014, Capcom recorded revenues of 9.6 billion yen ($93.4 million), down 45.1 percent year-over-year, and profits of 765 million yen ($7.4 million), down 7.5 percent year-over-year.