Capcom Revises FY 2013 Forecast, “Special Loss” Attributed to “Discontinuation of Development Titles”
Capcom did some forecast revisions for the fiscal year which ended on March 31st, 2013, with a special loss of about $73 million being related to “the discontinuation of development titles due to delays in responding to the digital contents and the resulting inability to address market needs.” Going even further, they mentioned that it’s also “resulting from the discontinuation of development of certain titles outsourced overseas that are no more compatible with the current business strategy.”
It’s not all bad though, as Capcom said that they expect to have a net income ¥2.9 billion (or about $29.5 million) for fiscal year 2013. This profit is attributed to the “robust sales of the flagship title Resident Evil 5,” as well as Resident Evil 6 forecasted to sell 4.9 million copies and DmC Devil May Cry at 1.15 million. Capcom does note that RE6 was below the originally forecasted 7 million and DmC was below the original 2 million, with one the reasons for the “undershooting or original targets” being a “decline in quality due to excessive outsourcing.”
Looking at future strategies for Capcom, they say it involves raising “game quality by moving more game development in-house” and that they can “improve profit by promoting the digital strategy (DLC).”
As for fiscal year 2014, Capcom detailed their “Title Lineup,” listing Monster Hunter 4 on 3DS, Lost Planet 3 in August for Xbox 360 and PS3, and Resident Evil: Revelations Unveiled Edition for May on PS3, Xbox 360, and Wii U. Then, next to the section “Other Major Titles,” they have a dash. Guess they don’t have high hopes for Remember Me in June.
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