James Lee
08:32 (BST)
28/11/2008
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Capcom shares hit five year high
Capcom's share price rose the most in more than five years in Tokyo trading, climbing 18 per cent to close at JPY 1,938 (USD 20.3).
The jump came after Mitsubishi UFJ Financial Group increased its rating on the Japanese developer to "strong outperform", citing earnings from the business which is set to revenue rise 39 per cent to JPY 71.6 billion (USD 751 million) in the year ending March 31.
"The three titles to watch out for in the second half are Biohazard 5, Street Fighter IV and Bionic Commando," said Hirotoshi Murakami, a Tokyo-based analyst at Mitsubishi UFJ, who raised the company's rating to "outperform", according to Bloomberg .
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