Capcom Revenue Drops 36%, Profits Up 10% As They Cut Costs - News
by William D'Angelo , posted on 03 February 2015 / 2,426 Views
Capcom has had a really slow fiscal year as they make for a big push later this year. They have refocused on releasing fewer titles of higher quality. They have also cut costs by laying off staff and shrinking down the size of the development teams.
Capcom has released their quarterly report for their third fiscal quarter, which ended December 31, 2014. They have also released their nine month result. Revenue for the company dropped by 36 percent to ¥47.8 billion. However, with cutting costs profits were up 10 percent to ¥6.5 billion.
"Today's mobile game industry is a world apparently full of dreams about making a fortune off a hit game," said COO Haruhiro Tsujimoto. "But if the hit is just a one-off, success is transient. For Capcom, it is crucial to maintain and deepen the user support we have worked so hard to earn up to now. We believe we can outperform other companies as long as we are able to continue this approach."
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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
