Capcom Confirms Income Gains In Q1 Results News
Jon Wilcox
10/08/2006
Despite a drop in net sales, Capcom announces big increases on the year for its income...
Capcom has today confirmed its financial results for the first quarter of the 2007 fiscal year, which ended on June 30th 2006.
The company announced a reduction in net sales of 7.5% compared to the first quarter in fiscal 2006, from 11.43 billion Yen (£52.3 million) to 10.57 billion Yen (£48.4 million).
Despite this, Capcom revealed a huge jump in both operating and net incomes, from 891 million Yen (£4.1 million) and 608 million Yen (£2.9 million) in Q1 2005, to 1.32 billion Yen (£6.0 million) and 808 million Yen (£3.7 million) respectively.
A reduction in what Capcom calls "Game software products in-progress", which can only be assumed to be R&D costs, has also taken place from 10.25 billion Yen (£46.9 million) in the first three months of fiscal 2006 to 7.64 billion Yen (£35.0 million) in fiscal 2007.
We'll have more on Capcom shortly...