Net sales down 32.5% at Capcom
pcgamesinsider.bizJapanese publishing giant Capcom has reported a 32.5 per cent decline in net sales for the thre months ending June 30th.
In a release to investors, the company said it brought in ¥29.6 billion ($192.5 million) in net sales, attributing the almost one-third decline on not having something to replicate the success that Street Fighter 6 had 12 months prior.
However, operating and ordinary income also declined by 46.4 per cent and 47.9 per cent respectively.
Despite this, Capcom is still confident that it will be hitting the goals set out in its full-year earnings.
"Further, the company strove to enhance the brand of its intellectual properties by utilizing its major IP in film and television productions, licensed merchandise, and in its epports business," the firm wrote.
"It also worked to increase earnings with efficient operations of existing stores in Arcade Operations, as well as with the launch of a new smart pachislo machine in Amusement Equipments. As a result, Capcom is on track to achieve its full-year earnings forecast."
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