Capcom's Profits Fall Due to Lack of Releases, Company Expects Resident Evil 7 to Do Well

Capcom has released its financial results for the period spanning April 1 to June 30 and it seems the company has seen a decline in sales and profits.

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As GameSpot reports, Capcom has earned $104 million but this is a 24% decrease compared to this time last year, meaning Capcom has taken a hit of $6.9 million.

The company has identified several factors which have caused the loss in profits. The rapidly rising Yen has resulted in a foreign exchange loss and this has been an issue for many Japanese companies, Nintendo included. Capcom hasn’t had any major games released in the last few months and it has also cited “increased development” as a reason for the loss.

Capcom doesn’t need to worry just yet. The company feels confident that Resident Evil 7 will be a big hit and, based on the reaction it got at E3, it certainly looks like people are excited for it. The company also has several other big games due to be released later this year including the highly anticipated Dead Rising 4.