Analysts Bullish On Capcom Performance

A survey of 19 Japanese analysts finds market expectations for Capcom's profits outpacing the company's internal projections, with the outlook rising substantially over the last few months. The survey, conducted by IFIC Japan and shared by Capcom, sees an average analyst expectation of 14.15 billion yen ($180.5 million) in operating income for the fiscal year ending next March, 28 percent higher than Capcom's public expectations of 11 billion yen ($140.3 million). The analyst income consensus is up from February, where it hovered around 13 billion yen ($165.8 million). Analysts are also predicting stronger-than-expected performance from the third-party publisher in the form of 90.5 billion yen ($1.15 billion) in net sales and 8.15 billion yen ($104 million) in net profits for the year. 15 of the 19 analyst agencies now recommend Capcom's stock as a buy, with the four others recommending a hold on the stock. Capcom saw both its revenues and profits rise sharply in the last fiscal year, though the company's public predictions for the current period are slightly down from those increases. Capcom recently announced it was canceling a planned Mega Man Legends 3 project for the Nintendo 3DS, after an evaluation of market criteria.