Sales and profits at Capcom dipped sharply during the last quarter, with a lack of major releases contributing to the negative results.
The company posted revenues of $239.8m, a year-on-year decline of 51.3 per cent—while profits were down 39.9 per cent, coming in at $27.8m.
Capcom saw revenues and profits soar in the same quarter last year, thanks almost entirely to Monster Hunter 4 sales; so the drop was something of an inevitability with the barren schedule in mind.
"Because small titles and repeat sales made up the majority of sales overall due to the lack of major titles in the lineup during the period under review, sales were not sufficient to offset the aforementioned downturn in Monster Hunter 4 sales, even though the digital download content supported sales growth," said the company.
The firm also admitted that it needs to reduce the cost of sales moving forward by cutting down on administrative expenses.