Capcom Halts Development of 18 Titles
04.18.03 - 11:39 PM

Capcom has announced that the development of 18 of its 100 titles currently in development has been put on hold, following lower than expected sales of key titles throughout the last fiscal year. Among the offenders were Breath of Fire V: Dragon Quarter, Clock Tower 3 and Biohazard Zero (Resident Evil Zero). Recently released, innovative titles like Chaos Legion or P.N.03 also didn't live up to expectations and hence couldn't fill the gap.

Hence it is not surprising that Capcom has posted a worse than expected consolidated loss of 19.5 billion yen (163.07 million USD) during the fiscal year ending on March 31st 2003. Sales have totalled at 61.9 billion yen (517.65 million USD), compared to previous estimates speaking of 70.5 billion yen (589.56 million USD). For the current fiscal year, the company predicts a consolidated net profit of 4.2 billion yen (35.12 million USD) and sales of 63 billion yen (526.84 million USD).

Chris Winkler

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