Capcom Posts Sluggish Console Game Sales

Osaka based game company Capcom has released its financial statement for the nine month period ending December 31, 2008. So, how's Capcom doing?

Net sales dipped 8.6 percent to ¥47,223 million, and net income dropped 95 percent to ¥179 million. Capcom explains that the reason for this performance is that the company's flagship titles like Resident Evil 5 haven't been released yet this financial year and the dramatic rise of the yen — as well as the foreign exchange loss.

Sales were powered by Monster Hunter Freedom 2G, Capcom reports.

Net arcade sales were up 4.8 percent, and net arcade game sales were up a whopping 120.6 percent thanks to titles such as Street Fighter IV and Tatsunoko VS. Capcom.