Capcom has announced that the firm has reduced its sales and profit forecast for the business year ending March 31, 2011, mainly due to the very poor performance of Lost Planet 2.
Despite initial strong sales in Japan from the company’s other titles, the reduction has been caused by the delay of Dead Rising 2, the rising yen vs. other currencies and the disappointing performance of Lost Planet 2. The publisher lowered its full year net sales guidance from 95 billion yen (£716.7m /$1.13b) to 91 billion yen (£686.5m /$1.1b), and its profit forecast from eight billion yen (£60.4m /$95.4m) to 6.5 billion yen (£49m /$77.5m). The official statement from the Capcom stated:
“Capcom has been unable to offset the large shortfall in sales relative to the plan for the flagship title Lost Planet 2 that was released overseas in the fiscal year’s first quarter.”
Although the future for the Lost Planet franchise remains in doubt due to the disappointing performance of the second installment in the series, Lost Planet 2, Keiji Inafune head of R&D and global production at Capcom recently stated he still believes in the action-shooting series.