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Capcom cuts profit forecast on Lost Planet 2 flop

"Large shortfall" in sales of the sequel hurts publisher's bottom line

Capcom has reduced its sales and profit forecast for the business year ending March 31, 2011, blaming a delay to the release of Dead Rising 2, the appreciation of the yen, and the disappointing performance of Lost Planet 2.

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The publisher lowered its full year net sales guidance from 95 billion yen (£716.7m / $1.13b) to 91 billion yen (£686.5m / $1.1b), and its profit forecast from eight billion yen (£60.4m / $95.4m) to 6.5 billion yen (£49m / $77.5m).

"Capcom has been unable to offset the large shortfall in sales relative to the plan for the flagship title Lost Planet 2 that was released overseas in the fiscal year's first quarter," the firm said in a statement.

The publisher added that it saw "strong sales" of Japanese releases like Sengoku Basara: Samurai Heroes and Monster Hunter Diary Poka Poka Airu Village in the first half of its business year.

Last week Keiji Inafune, head of R&D and global production at Capcom, said that he "still believes" in Lost Planet as a franchise, although its future appears uncertain following the second game's poor performance.

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