Capcom net sales up 35 per cent

Capcom has announced Q1 2008 net sales of 14.3 billion Yen, or USD 120 million, up 35 per cent from the same period last year.

The company's net income was 1.1 billion Yen, or approximately USD 8 million, a 40 per cent increase year to year. Operating income was also up 57 per cent to 2 billion Yen, or USD 17 million.

Resident Evil 4 Wii edition, Phoenix Wright 4, and Monster Hunter Freedom 2nd led Capcom's sales.

Capcom revised its earnings forecast for the first half of the fiscal year ending in September 2007. It now estimates net profits of 30.35 billion Yen and net income of 1.35 billion Yen.

Due to the continued weak performance of its arcade business, Capcom did not revise its estimates for the full year.

In a translation of the company's conference call following the release of their financial results, Capcom apparently referred to PS3 sales as "sluggish" and also noted that the PSP "hasn't achieved the numbers expected."