Capcom lowers financials on Lost Planet, Dead Rising issues

Capcom has lowered its financial predictions for the fiscal year ending March 31, 2011, after poor sales of Lost Planet 2 and delays to Dead Rising 2 forced the company to reassess its projected revenues.

The increased value of the yen relative to the euro, sterling and US dollar was also cited as a cause of reduced sales revenue, as many sales during the period were outside of Japan.

For the period between April 1, 2010 to September 30, 2010, Capcom lowered its projected net income by 41.4 per cent to ¥1.7 billion (£12.86m) from ¥2.9 billion (£21.95m). The net income for that period in the previous year was ¥2.9 billion.

Projected totals for the entire fiscal year ending March 31, 2011 were reduced by 18.8 per cent from ¥8 billion (£60.56 m) to ¥6.5 billion (£49.2m).

"There was a delay in the release of the major title Dead Rising 2. In addition, the rapid increase in the yen's value relative to the US dollar and euro has reduced sales and operating income," said the company.

"Furthermore, Capcom has been unable to offset the large shortfall in sales relative to the plan for the flagship title Lost Planet 2 that was released overseas in the fiscal year's first quarter."

Dead Rising 2 has spent two weeks at number three in the UK chart since its release a fortnight ago.