Capcom Reports Drop in Sales and Profit, Thanks to a Focus on “Minor Titles”
Capcom Co. Ltd. has reported a fall in sales and profit for the the three-month period ended June 30, 2016. The company attributes its latest financial results to a lack of major releases and a focus on “minor titles.”
Net sales decreased to 10,927 million Yen (down 24.9% from the same period last year) alongside an operating loss of 726 million Yen, ordinary loss of 2,080 million Yen, and a net loss “attributable to owners of the parent of 1,411 million Yen.”
In a report on its website, Capcom wrote:
During the three months, in the Digital Contents business, because the Group’s business strategy prioritizes the second half of the fiscal year through measures such as releasing this fiscal year’s major titles in the second half of the year, the business mainly focused on minor titles. Phoenix Wright: Ace Attorney – Spirit of Justice sold largely as planned with sales supported by core users, in addition to fair digital download sales.
Capcom also attributed its financial performance in the last quarter to foreign exchange losses caused by a “rapidly rising Yen.”