Ouch. What else can we say? Capcom has seen a massive drop in first quarter earnings this year. They cited the appreciating yen as one of the main culprits, but also gave specific games a verbal prod for failing to reach expectations.
For the three month period ended June 30, Capcom saw sales of ¥19,037 million – a 2.4% drop from the same three month period the year prior. Operating income fell 72.6% to ¥1,005 million.
Capcom’s core Consumer Online Games division was hit with a 62.1% drop in earnings. Lost Planet 2 seems to be the whipping boy for this one as it “underperformed its projection substantially.” Monster Hunter 3 and Ghost Trick were also described as having difficulties.
So, grim news indeed – but has it come as a surprise? Whilst Lost Planet 2 was a solid game, it failed to make an impact with the gaming press, and Monster Hunter 3 – in my opinion at least – lost a large chunk of its audience when it made the switch to the Wii which is hardly well known for its online capabilities.
Hopefully things can turn around, although a number of key releases are still many months from completion.