In a recent news, Capcom has announced Termination Of Developmental Projects at Capcom Vancouver. In a press release dated Sept 18, 2018, Capcom announced that they expect to bear losses of approximately 4.5 Billion Yen (40 million USD) as a result of terminating its developmental projects in its consolidated financial results for the six months of the fiscal year ending March 31, 2019 (April 1, 2018 – September 30, 2018)
Termination Of Developmental Projects at Capcom Vancouver Will Result in Losses
Capcom Vancouver is a consolidated subsidiary of Capcom which deals with the development of home video game software for markets outside of Japan. We are not yet sure as to what has prompted this decision by Capcom but as previously mentioned losses are expected, however, according to the press release, Capcom has stated that due to the immense and unexpected success of Monster Hunter World on PC, the forecast for Capcom’s consolidated business results remains the same as what was projected at the financial results announcement on May 8, 2018.
We will fill you in once we hear more from Capcom on the issue, for now, you can find the Full press release below.
Capcom Co., Ltd. (Capcom) announces that it expects to record losses from the termination of development projects in its consolidated financial results for the six months of the fiscal year ending March 31, 2019 (April 1, 2018 - September 30, 2018). Details are as follows:
1. Details of losses from the termination of development projects
Capcom Game Studio Vancouver, Inc., a consolidated subsidiary of Capcom, primarily carries out development of home video game software for markets outside of Japan; however, Capcom is currently reviewing the allocation of its development resources that support the production of world-class content.
In consideration of this process, as a result of reviewing titles in development at Capcom Game Studio Vancouver, Inc., Capcom now expects to record losses from the termination of development projects of approximately 4.5 billion yen under cost of sales in its consolidated financial results for the six months of the fiscal year ending March 31, 2019.
2. Outlook
Regarding Capcom's full-year business forecast, due to factors including the continued robust performance of the PC version of Monster Hunter: World exceeding the company's expectations since its release on the Steam platform in August, following the blockbuster performance of the title after its initial release in January of this year, the forecast for Capcom's consolidated business results remains the same as what was projected at the financial results announcement on May 8, 2018.
Further, there are no changes to the amounts of the interim dividend or year-end dividend that were announced on the same day.
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