Posts Tagged ‘airtight games’

Capcom reports record Q1 2009 growth

Friday, July 31st, 2009

Rounding out this week’s financial tallies (apart from yesterday’s Chinese Government PSA), the folks over at Capcom will most certainly be breaking out the veuve clicquot tonight, as they’ve recently reported record performance in Q1.

capcom-logo-colorEven in a market (aka economic downturn) that’s hit just about everyone across the industry, the Japanese developer posted a 23 percent profit growth, indicating a 19.2 percent revenue increase in Q1. Revenues spiked at approximately $204 million, with profits totaling $38 million. Big winners for Capcom include Resident Evil 5 for Xbox 360 and PS3, and Monster Hunter Freedom Unite for PSP. Japanese market sales figures clock 3.5 million copies of Monster Hunter Freedom Unite having moved out the door. Resident Evil 5 has also overtaken the number 2 all time selling title for Capcom, edging out Resident Evil 2, and is now just 1 million copies shy of dethroning Capcom classic Street Fighter II. Other strong performers include Ace Attorney Investigations: Miles Edgeworth for the Nintendo DS and Sengoku Basara Battle Heroes for the PSP.

According to Capcom, these Q1 numbers are officially the company’s strongest showing since beginning to track quarterly results.

However, even with these record numbers, it looks like the Capcom management team has taken the temperature of the current gaming market, and conservatively not raised their overall yearly fiscal forecast. The reasoning? Capcom cites expected strong industry competition in the second half of the year. Likewise the firm has also put the breaks on the release date of Dark Void, which is scheduled to appear on Xbox 360, PS3, and PC. Developed by Airtight Games, the title was originally scheduled for release in 2009, but is now looking at a Q1 2010 launch. Capcom is enthusiastic and optimistic about the sales numbers with Dark Void, projecting at least 2 million sales of the game.