Cacpom Profits Rise

Capcom officials have revealed the company’s fiscal first half results ended September 30. The results show a profit of ¥919 million ($8.4m), compared to a loss of ¥17.3 billion ($158.8m) at the same time last year. Profits increased despite a drop in sales of 13% to ¥22.5 billion ($206.6m). The company’s consumer games division saw a 69% decrease in profits, but was helped by solid performances in the increasingly strong Japanese arcade market. The company expects to announce profits of ¥4.2 billion ($38.6m) for the full year on sales of ¥63 billion ($578.5m). If achieved these results should see an end to speculation that the previously failing company was becoming ripe for acquisition.