Capcom Profits Quadruple As Resident Evil 4 Sells 3 Million

Officials from Capcom have published details of the company’s financial results for the third quarter ended December 31st, 2005, which show a marked increase of 418 percent in profit over the previous year. During the three month period, the company reported net sales of ¥47,925 million ($404.8m), up 12.8 percent on the same period in 2004. Net income rose from ¥1,433 million ($12.1m) to ¥7,427 million ($62.7m), while undiluted earnings per share of common stock increased from ¥25.38 ($0.21) in the previous year to ¥135.12 ($1.14) in 2005. In a statement, the company described the greatly improved results as following “a smooth recovery track”, supported by steady capital investments, the rapid rise in stock prices at the end year end and increased consumer spending resulting from an improved Japanese economy. The company also suggested that the release of the Xbox 360 and success of the PSP and Nintendo DS had helped to drive year end sales – in marked contrast to the comments from many other Western publishers. The company also emphasized an increased focus on mobile phone games and merchandise, toys and publications in the future. At the same time Capcom announced that its critically acclaimed title Resident Evil 4 has now sold over 3 million units as of January 31st, 2006, with that figure likely to continue to increase following the announcement of a PC version. The Resident Evil series as a whole has now sold a total of 30 million units worldwide. Sales figures for PSP title Monster Hunter Portable were also revealed, with the game selling over 500,000 units in Japan alone, making it one of the most successful third party PSP titles so far.