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Absence of Big Name Releases Sees 37 Percent Drop in Capcom’s Q1 Profits

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Posted on July 31, 2013 AT 02:25pm

Capcom reports a 37 percent drop in their financial results for the first quarter of their fiscal year ending March 31, 2014.

The company’s latest financial report notes a loss of 828 million yen (which comes out to be roughly $8.4 million). This marks a 6.2 percent drop as compared to their Q1 sales from last fiscal year. Capcom acknowledges “scant new product releases in anticipation of a full-scale launch of next-generation home video game consoles,” with their heaviest hitters—Resident Evil Revelations and Dragon’s Dogma: Dark Arisen—meeting projected sales.

The report reiterates Capcom’s intention to reduce “outsourced development work” in favor of in-house development.

Source: Capcom

Chris Holzworth, News Editor
Chris Holzworth has wanted to write about games all his life. He first cut his teeth writing for enthusiast sites such as RPGFan, and after writing for just about every other enthusiast website he could came across, wound up as EGM's east coast news correspondent (read: editorial intern) before relocating to LA to serve as news editor. You can follow his rants about storytelling on Twitter @manadrive.[Meet the rest of the crew]

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