Capcom slashes profit forecast
- Posted April 18th, 2013 at 05:54 EDT by Michael Harradence
Publishing giant Capcom has announced a company-wide restructuring said to cost in the region of £46 million.
As a result of these plans and other expenses, the Resident Evil creator has halved profits for the financial year; forecasts were lowered from £43 million net income to around $19 million.
“In view of the sudden and significant changes in the operating environment of the digital contents business, Capcom reviewed its business expansion strategy for the sector and restructured its game development organization," said the firm.
Capcom reported that it actually managed to surpass its target of £625 million sales for the 12 months ended March 31. The publisher said this was “supported by robust sales of the flagship title Resident Evil 5.”
Note that the reference to RE5 is likely an error; Capcom most likely meant to cite Resident Evil 6 instead.
Finally, the company has targeted sales of £648 million for the current financial year ending April 2014.
Capcom has a number of high-profile titles lined up for 2013, including Resident Evil: Revelations, Dragon's Dogma: Dark Arisen and Remember Me.----