Capcom's net income jumps 16.8 per cent

Capcom has revealed its financial results for the quarter ended September 30, revealing a net sales increase of 0.4 per cent year-on-year.

The increase brought its net sales up to JPY 31.26 billion (USD 315 million), while net income rose 16.8 per cent to JPY 1.8 billion (USD 18 million). The company's sales were delivered a boost by the release of Monster Hunter Freedom 2G's, which hit 2.5 million units.

"The rapid growth of the Monster Hunter series played a major role in the diffusion of the portable game console, PlayStation Portable, and the media and market-related professionals closely monitored this trend," the company explained in its statement.

However, the company's arcade business has continued to struggle, seeing its operating income decline 66.1 per cent to JPY 231 million (USD 2.3 million), despite the success of the Street Fighter IV arcade machine which has won multiple awards.