Capcom is backloading its fiscal year 2017 releases, pushing major games into the holiday and beyond. The company reports a significant sales dip and net loss for the first quarter of its fiscal year.
Revenues dropped 25 percent to ¥10.9 billion ($ 103.7 million). Combined with a foreign exchange loss of ¥1.3 billion ($ 12.7 million), Capcom reported a net loss of ¥1.4 billion ($ 13.4 million) for the quarter.
Capcom says that its sales dip was due largely to releasing only “minor titles” during the period. The company points to Phoenix Wright: Ace Attorney – Spirit of Justice (released in Japan on June 6) as performing as expected. The company also released the critically panned Umbrella Chronicles during the quarter.
The company has a few titles on the horizon, including the long awaited Resident Evil 7. Revealed at E3, the game will be out in January. Capcom is also re-releasing Resident Evil 4 in August.
The Dead Rising series will have a big year, too. Dead Rising, Dead Rising 2, and Dead Rising 2: Off the Record will see release on current-gen consoles. Dead Rising 1 will also be making its way to PC for the first time. Dead Rising 4 is due out later this year for Xbox One and PC.
It’s too early to tell where Capcom’s year is headed. Monster Hunter Generations sales from the western release have yet to be reported. Dead Rising has typically performed well, and the company has done right by its remasters. Resident Evil 4 is the update people are waiting for, so it’s likely to sell well. As for Resident Evil 7, we still don’t know quite what to make of it, but we’re curious.