Rob Fahey
10:36 (BST)
26/05/2005
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Capcom back in profit as full year revenues climb 25 per cent
Resident Evil 4 and Devil May Cry 3 help Japanese firm turn around last year's losses
Japanese publisher Capcom has announced its FY05 financial results, with the company turning around last year's losses to report a 3.6 billion Yen (26.6 million Euro) profit off the back of rising revenues from strong overseas sales.
Overall revenue for the year to March 31st was up by 25 per cent to 65.9 billion Yen (486 million Euro), with particularly strong performances noted for GameCube hit title Resident Evil 4 and PS2 title Devil May Cry 3 in the overseas markets.
At home in Japan, the firm's Monster Hunter G online title performed well, as did Grand Theft Auto: Vice City (Capcom holds the Japanese publishing rights for the series, which has outperformed expectations in the market), while new Rockman (Mega Man overseas) titles performed well in both Japan and North America.
The success of the company's line-up allowed it to turn around the major losses it suffered last year, when it recorded a 9.2 billion Yen (67.9 million Euro) loss, including 7.73 billion Yen (57 million Yen) written off in the closure of its banking subsidiary, Status.
For the coming year, Capcom is anticipating net profit to rise slightly to 3.9 billion Yen (28.8 million Euro), thanks once again to increased overseas sales. The year will see Capcom launching its first next-generation title - Dead Rising on Microsoft's Xbox 360, which was announced last week - as well as the arrival of a PS2 version of the hugely acclaimed Resident Evil 4.
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