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Published on April 18th, 2013 | by Cryss

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Capcom Issue Profit Warning – Not Looking Good

Profits for the current financial year will be around half of what Capcom initially forecast, due partly to a company-wide restructure. It would be unfair to label that as the only reason with the company blaming a “drastic changes in the industry’s market environment”, the “concentration of AAA titles in the hands of few foreign competitors” and its “delayed response to the shift to digital media in the Home Video Games business”. Capcom already slashed sales expectations for Ninja Theory’s reboot of Devil May Cry, but worrying news for Western Developers with the studio citing a “decline in quality of titles outsourced to overseas developers”. “Work in progress in game software” has been “strictly re-evaluated for business restructuring”, meaning that the company may be looking at cancelling games or switching to digital distribution. Capcom previously forecast a net income of ¥6,500m for the year ending March 31st, this has been revised to ¥2,900m.

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