Another Publisher Having a Bad Year; Capcom’s Profit Will Be Half of What Investors Expect
Capcom has surprised everyone by announcing a company-wide restructure that will cost them around £46 million. The company sees a great need to modernize their business. The board of directors writes:
“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.” – Capcom PR
With the necessary expenses for restructuring, their projected profits for the financial year have now been chopped in half. The company was hoping for a profit of £43 million, but it now changed its forecast to around £19 million.
Capcom criticized their now-outdated policy to do more out-sourcing and adopted a new policy in which all of their current overseas development projects have been cancelled. They want to focus more on digital downloads to increase revenue.
What we want to know is what big franchise releases is Capcom planning to help them get back on track?[Source: PR]