High sales for Capcom's Wii titles fuel growth spurt; company doubles number of planned releases for the console.
Japanese publisher Capcom has seen its stock grow by a considerable amount this year, climbing 6.3% to 2,855 Yen ($25.10), a five year high for the company. Over the past few days alone, the company's shares have risen by a total of 14%, with a year-to-date increase of 33%.
Resident Evil 4: Wii Edition was among the top 10 titles sold in the U.S. and Japan in June, and continues to surpass Capcom's sales expectations.Due to this, Capcom has doubled the games scheduled for release on the Wii, now set to release a total of 6 games on Nintendo's seventh generation home console. "Resident Evil's Wii edition has continued to sell well," said Jay Defibaugh, an analyst at Credit Suisse Group in Tokyo who rates Capcom shares. The analyst goes on to say that he expects the game to exceed its shipment expectation of 620,000 units for this fiscal year.