Capcom Profits Drop 90.4% In Q1 2010, Income Down By 72.6%

Ouch, it must hurt being Capcom.

The Japanese company reported that net sales decreased to 19,037 million yen (down 2.4% from the previous year). As for profits, operating income decreased to 1,005 million yen (down 72.6 % from the previous year), and ordinary income decreased to 216 million yen (down 94.8 % from the previous year). Net income for the current period decreased to 213 million yen (down 90.4 % from the previous year).

In flagship Consumer Online Games Business, profitability was drastically declined because the performance of “Lost Planet 2” (for PlayStation 3, Xbox 360) struggled to grow. Furthermore, the increase of new flagship titles release from the same term of the previous year, when most sales were made of repeat titles, resulted in the higher game development costs.