Capcom reveals Q3 2007 fiscal results

Osaka-based publisher Capcom has released its financial report card for 2007’s third fiscal quarter. While a lot of people expected a surge in correlation with the holiday rush, what we saw was a mixed bag at best. Devil May Cry 4 (PlayStation 3, Xbox 360, PC) and Resident Evil: Umbrella Chronicles enjoyed good sales, but other titles weren’t so lucky. Full details after the jump.

Japanese game publisher Capcom has made its fiscal 2007 third quarter results public. The figures were a mixed bag with some spikes and falls in various categories.

The Osaka-based firm says that its net sales rose 4.8 percent during the holiday season and amounted to some US$ 485 million. However, operating income was down 8.2 percent, lowering the category to US$ 56 million.

Ordinary income took a hard blow as it plummeted 15.3 percent to US$ 61 million, but the biggest loser was net income. The category fell by 17.8 percent from the same period last year. This is attributed to some games performing below expectations.

According to Capcom, titles like We Love Golf! and Mega Man Star Force 2 showed sluggish market performances. Fortunately, Resident Evil: Umbrella Chronicles, Devil May Cry 4 (PlayStation 3, Xbox 360, PC), and Monster Hunter Freedom 2 made big impacts in Japan.

The company’s arcade sector didn’t do too well this year even in Japan where this form of gaming is still popular. Donkey Kong Banana Kingdom was pointed at as the biggest disappointment in the coin-op scene for Capcom.

In response, Capcom raised its end-of-year fiscal forecasts by 15 percent. The company is hoping that sales of Devil May Cry 4 in the U.S. will help it hit its targets.