Capcom Revises FY Forecast Due to ‘Special Loss’ from Game Cancelations

Capcom is blaming development projects overseas for a revised financial forecast that takes into account a special loss due to game cancellations. The company said today that it will take a $73 million hit from cancelling various projects. The company also said that it will be making more of its games in-house due to a "drop in quality" from outsourcing projects to Western studios…

Capcom also said that it will "strengthen digital strategies" by creating and releasing more DLC and plans to align its development and marketing divisions to be more in sync with each other. The company says that there has been "insufficient coordination" overseas between the two divisions.

While noting the restructuring costs, Capcom still predicts a net profit for the fiscal year (which ended March 31) of around $29.5 million on strong sales from its Resident Evil 5 slot machine. The company said that DmC: Devil May Cry's units sold number will come in at around 1.15 million, and Resident Evil 6 at 4.9 million.

Source: Joystiq

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