Bloomberg Japan: Nikkei's report of Capcom Arcade withdrawal, not effecting stocks      - 3.19.01

(Bloomberg) Osaka, Japan Mon, 19 Mar 2001, 10:48am JST


- The movement of investors have been sluggish, with no major changes in Capcom stocks despite being reported by the Nikkei Journal that the company will be withdrawing from the arcade market in order focus on the home market. At the current time of 10:12AM JST, Capcom's stock holds at 3200 Yen, 10 Yen(0.31%) lower than before the weekends.


According to the Nikkei Journal dated 3/19, Capcom will withdraw from the Arcade market, in order to focus capital on the home game software market. The company made its debut to the arcade market in 1984, gaining over 90 Billion yen in total revenue of the Street fighter series. However, Sales for the fiscal of March 2001 is estimated at 3.9 billion yen, one fifth the revenue from its peek in March 1994.


Capcom's Executive director Heiji Oshima quoted, "(We) have not decided on a complete withdrawal as reported by the news", adding "(We) are in the direction to focus our management resources to the home software market, and cut down on the arcade game market which has been diminishing by the year."




The Madman's Cafe will continue to follow up on any news related to this Report.




[ Link: Bloomberg Japan ]

Copyright Capcom, Bloomberg, 2001