Japanese publisher Capcom released its third quarter financial results today and reported net sales of ¥51.66 billion ($484.5 million) and net income of ¥3.57 billion ($33.5 million).
While net sales rose by 4.8%, net income took a hit by dropping 17.8%. According to Gamasutra, the company blamed the lower income on "a still unsettled Japanese and world economy," though Capcom experienced a, "smooth growth accelerated by the expanded user base with an increase in novice users including seniors and females," in the gaming demographic.
Capcom pointed out that Resident Evil: The Umbrella Chronicles for the Wii was a strong seller, while Monster Hunter Freedom 2 sold over 1.5 million copies in Japan. The company contributed its losses towards a market shift emphasis away from arcades.
Despite the lower profit mark, Capcom raised its yearly estimates; an operating profit increase of 20% to ¥11.5 billion ($107.9 million), revenue expectations increase of 9.5% to ¥78 billion ($731.9 million) and net income increase of 5.9% to ¥6.2 billion ($58.2 million). Lastly, the company is predicting that Devil May Cry 4 sales will reach 1.9 million units by March 31st.
