Capcom has posted financial results for the first quarter of the current fiscal year, noting a drop in revenue but a significant increase in profits.
For the quarter ended June 30, 2011, the company saw revenues drop to ¥11.95 billion ($153.7 million), a 37.2 percent drop compared to ¥19.03 billion ($244.78 million) for the same quarter of the previous fiscal year.
The company said that sales -- along with operating profits -- were down due to the lack of major releases during the quarter in its consumer business.
Operating profits for the period were down 22.9 percent to ¥775 million ($9.95 million), but overall profits increased marginally to ¥338 million ($4.35 million) from last year's ¥213 million ($2.74 million).
Capcom also noted the success of its mobile title Smurfs' Village
, released as part of the company's Beeline smartphone division and downloaded over 19 million times.
Capcom's mobile division saw revenue increase 79.8 percent to ¥1.2 billion ($15.4 million) compared to ¥680 million ($8.7 million) year-on-year.
The company's consumer online games division saw the greatest decrease in revenues, down 56.9 percent to ¥6.5 billion ($83.6 million) from ¥15.0 billion ($192.95 million) compared to the previous year.
The company noted that the releases of Resident Evil: The Mercenaries 3D
and Super Street Fighter IV Arcade Edition
both achieved their projected sales, along with last year's big hit, Monster Hunter Freedom 3