Capcom records 290 percent profit

Capcom recorded a profit rise of 290 percent this quarter, kicking off the fiscal year with a net income surge of 1.32 billion yen ($16.88 million) compared to the same quarter last year.

Capcom recorded a profit rise of 290 percent in its first quarter ending June 30, kicking off the fiscal year with a net income surge of 1.32 billion yen ($16.88 million) compared to the same quarter last year.

The publisher opened the year on a strong note by increasing sales by 55.8 percent (18.62 billion yen, or $238.2 million) on last year's first quarter. Capcom attributed the rise in profits to the strong sales of Dragon's Dogma, which shipped more than one million copies worldwide, exceeding expectations in the domestic Japanese market.

The success of Dragon's Dogma resulted in the publisher expressing interest in creating a Dragon's Dogma series, saying that the strong sales of the game have "set the stage" for a sequel.

Capcom also reported the sales for Resident Evil: Operation Raccoon City, which was released in late March in the US, Europe, and Australia, and April in Japan. The game shipped 450,000 units across the Xbox 360, PlayStation 3, and Windows PC.