Capcom cuts profit forecast by 51.5% for fiscal year, 'special loss' primarily due to mobile business

Posted by Jonathan 'Catalyst' Grey • April 1, 2014 at 6:39 p.m. PDT

Capcom cut their profit forecast by 51.5% for the fiscal year, ending on March 31, 2014 (yesterday).

The company had previously expected to post a profit of 6.8 billion yen (about $66 million USD) but is now anticipating a net income of 3.3 billion yen (about $31.9 million USD), which is a considerable drop from their forecasted earnings.

The company is obviously still making money, although they're making less of it than previously anticipated.

The alteration to their profit forecast was blamed primarily on the mobile market, as those aspects of their business "have not yet started to produce benefits."

In more positive news, Capcom saw an increase of 4.6% in net sales forecast, attributing the performance gains to Monster Hunter 4, and a slot-machine game Monster Hunter Gekka Raimei.

The company expects things to turn around primarily due to the launch of major titles.

Source: Capcom's Investor Relations page.

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