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Capcom talks up VR potential as profits slump to $3.86 million

Capcom talks up VR potential as profits slump to $3.86 million

Capcom (TYO:9697) has released its financials for the first half of its FY16 for the six months ending September 30th 2016.

It posted sales of $272 million, a decrease of 9.4% year-on-year. Profits also took a large hit dropping to $3.86 million, a decrease of 79.2% year-on-year.

It's Digital Contents division, which includes all its games on both console and mobile, saw some growth however. It posted sales of $156 million, an increase of 14.5% year-on-year.

Touching

While Capcom didn't break out its mobile sales, it did state that its recently launched dating sim Toraware no Paruma reached the top of the App Store paid apps rankings in Japan.

The publisher is also talking up the potential for VR as a new revenue stream the the company, stating that "signs of major changes to our industry became evident" during the first half of FY16.

It is currently developing Resident Evil 7 for PS4, Xbox One and PC, with VR support for the game also in the works.

Capcom had likely hoped its game Monster Hunter Explore may boost its sales, after it reached three million downloads in Japan.

However, after just two months in soft launch in Canada, the global release of the game was cancelled.


Former Editor

Ric was formerly the Editor of Pocket Gamer and the Deputy Editor of PocketGamer.biz. He still pops up time to time to review games.

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