Capcom cuts net profit forecast by 50%
Published on
Capcom has slashed its full-year net profit forecast by 50%, and has cited "business structural improvement expenses" as a key factor in a note released to investors.
GI.biz reports that Capcom has reduced its forecast by precisely 51.5%, down from ¥6.8 million to ¥3.3 billion for the full fiscal year.
The new prediction is still higher than Capcom's actual net profit in the previous financial year, which came in at ¥2.97 billion.
In its investor note, Capcom confirmed it saw an unexpected ¥5 billion in business costs concerning "business structural improvement expenses," which forms part of a long-standing strategy geared towards improving Capcom's financial performance.
We'll have more once Capcom's full-year financial report is released.