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Capcom sees sales rise as profits tumble

Capcom sees sales rise as profits tumble

October 29, 2015 | By Chris Kerr

Capcom has released its financial results for the six-month period ended September 30, and although sales have seen a healthy increase, net income has dipped year-over year. 

The report shows that net sales rose by 22.2 percent from the same time last year, increasing from 25.9 billion yen ($214 million) to 31.6 billion yen ($262 million). Despite that rise, profits are down 34.4 percent, dropping from 2.9 billion yen ($24.5 million) to 1.95 billion yen ($16.1 million). 

As reported previously, the company has sales of its Resident Evil 6 pachinko game to thank for the uptick in its revenues -- its game business was almost flat, at only a 6.2 percent rise, while sales in its amusement machine business rose 76.3 percent on the back of the popular gambling machine.

Looking ahead to the end of the fiscal year, which ends on March 30, 2016, Capcom is forecasting that sales will have increased by 18.2 percent year-over-year, rising to 76 billion yen ($628 million). 

The company expects to end the year with a profit of 7.7 billion yen ($63 million).

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