Osaka based publisher Capcom has warned investors that its profits for the financial year just ended will be half of what it originally expected.
Capcom's board of directors made a surprise announcement that it is preparing for a company-wide restructure that will cost it about £46 million. The decision comes from a mandate to modernise the business, as the group explains:
"In view of the sudden and significant changes in the operating environment of the digital contents business, Capcom reviewed its business expansion strategy for the sector and restructured its game development organization."
Company-wide expenses (particularly the figure set aside for restructuring) have resulted in profits halving for the financial year. The company initially targeted a profit of £43 million, though now says its net income will in fact land closer to £19 million.
http://www.computerandvideogames.com/401730/restructuring-capcom-halves-profit-forecast/
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Update:
As a result of the figures below, Capcom has now confirmed that it has cancelled several overseas projects that it has deemed, no longer compatible with the current business strategy. Well update once we know which games have suffered the axe.
Source: http://www.vg247.com/2013/04/18/capcom-year-end-profits-to-be-half-of-what-investors-expected/
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couple more slides;
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rip DmC.
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yeah, LP3 is still alive.
there are other 'major' titles for this fy not announced yet, duh their fall games.
I see no "Remember Me" oh ouch?!!