Capcom's profits plummet

Capcom's annual net income is at its lowest since 2004, the publisher revealed today in its annual financial report.

Software sales for the year ending 31st March totaled ¥66,837 million, a 27.3 per cent year-on-year drop. Net income declined 73.1 per cent to ¥2,167 million.

The report blamed the poor performance on weak sales of Bionic Commando, Dark Void and Resident Evil: The Darkside Chronicles, though noted that Monster Hunter Tri, Ace Attorney Investigations: Miles Edgeworth and Resident Evil 5: Gold Edition all performed well.

Of course, it's always darkest before the dawn and CEO Kenzo Tsujimoto believes 2011 will be a bumper year. "Capcom is now ready to get back on a growth trajectory once again," he said.

"During the next fiscal year, we will release several major titles in the home videogame market and focus management resources on the Online Games and Mobile Contents businesses. We will go back onto the offensive to achieve growth."

Capcom's next release will be Dead Rising 2 on 24th September for PC, PlayStation 3 and Xbox 360. It announced a number of new titles this week at the Tokyo Games Show, including DmC, Asura's Wrath and Steel Battalion: Heavy Armour.