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Capcom profit plunges 73%

Company blames "weak sales of some new titles"

Capcom reported "sluggish financial results" for the year ended March 31 as game sales and profits dived.

Sales were down 27.3 per cent to £494.4m, and profit decreased by a whopping 73.1 per cent to £16m.

While the company said that Monster Hunter games performed strongly in Japan and Resident Evil 5 and Street Fighter IV did well in overseas markets, it cited "weak sales of some new titles".

It didn't specify which games had underperformed, but likely contenders include MotoGP, Bionic Commando and Dark Void.

The company also delayed the releases of Lost Planet 2, Super Street Fighter IV and Monster Hunter Tri (outside of Japan) to the current financial year, significantly impacting last year's results.

Capcom said its more positive about the this financial year though, forecasting sales of £703m and profit of £59.2m.