Capcom profits up 33%

Ahead of the publisher’s quarter century in the business (in June), Capcom has posted strong financial results for the year ending March 31st 2008.

Net sales for the firm hit 83 billion Japanese Yen (approx $803m), up 11.5 per cent year-on-year, while net profit increased by a whopping 33 per cent to 7.8 billion Yen (approx $75m).

Titles like Devil May Cry 4 on Xbox 360 and PS3, which achieved sales of over two million units exceeded projection, and the Resident Evil releases are thought to be amongst the primary reasons behind the success.

The arcade side of Capcom’s business suffered, however, with arcade games sales down more than 18 per cent over the year and the arcade operating segment struggling with operating profits sinking 63 per cent to 753 million Yen (approx $7.3m). Capcom blamed adverse market conditions for the poor performance of its arcade arm.

Overall, assets increased to 93.6 million Yen ($905,564) and the firm projected 14.7 per cent increase for the next financial year. The firm also committed to strengthen development division and promote further multi-platform models, perhaps as a result of the success of the former format exclusive Devil May Cry on Xbox 360 as well as PS3.