Capcom profits crater 90% in Q1

By Patrick Garratt, Thursday, 29 July 2010 11:32 GMT

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Not going terribly well in Japan today, is it?

Capcom’s profit dropped 90.4 percent year-over-year for the quarter ending June 30, the publisher said today, down from 2.2 billion yen in the same period last year to 213 million yen in 2010.

Sales were roughly static, dropping 2.4 percent to 19 billion yen compared to the corresponding previous period.

Capcom pegged the “sluggish” figures on the fact Lost Planet 2 “struggled to grow” and “underperformed its projection substantially”.

Super Street Fighter IV and Monster Hunter Frontier Online “showed steady growth,” the company said.

You can see the full lot here.

Capcom announced Street Fighter x Tekken at Comic-Con last week, although we won’t be seeing that until 2012 at least.

Major Capcom prospects for the rest of this financial year include Dead Rising 2.

Both Nintendo and Sony recorded losses for their first quarters this morning.

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