Capcom Shares Rise After `Monster Hunter' Sells 2 Million Units in Japan
Capcom Co., the Japanese publisher of the “Monster Hunter” video-game franchise, rose to the highest level in more than six weeks in Tokyo trading after saying the newest installment in the series sold 2 million units in Japan.
Capcom climbed 2.4 percent to 1,305 yen as of the 11 a.m. trading break, set for the highest closing price since Oct. 22. The benchmark Nikkei 225 Stock Average lost 0.3 percent.
The company’s “Monster Hunter Portable 3rd” for Sony Corp.’s PlayStation Portable achieved the sales since the Dec. 1 release, Osaka-based Capcom said in a statement today. The title, where gamers play the role of warriors hunting beasts, brings total sales in the series to 15 million units, it said.
Capcom, which gets about 80 percent of its profit from video-game software, is counting on releases such as “Monster Hunter” and “Marvel Vs. Capcom 3” to triple net income this fiscal year ending March 2011. Demand for the monster-action game also bolstered sales of Sony’s PSP last month, helping the handheld outsell rival Nintendo Co.’s DS for the first time in half a year, according to researcher Enterbrain Inc.
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