http://www.bloomberg.com/apps/news?pid=20601101&sid=aO1k7f6BBi8c&refer=japan
Capcom Shares Head for 5-Year High as Wii Games May Boost Sales
By Pavel Alpeyev
Sept. 11 (Bloomberg) -- Capcom Co., the Japanese publisher of the ``Resident Evil'' game series, headed for a five-year high on the Tokyo Stock Exchange on expectations sales of titles for Nintendo Co.'s Wii consoles will boost earnings.
Capcom, based in Osaka, climbed 7.3 percent to 2,880 yen as of 2:06 p.m., after a 6.8 percent increase yesterday. The stock's poised to close at its highest level since Sept. 26, 2002. The benchmark Topix index rose 0.9 percent.
The company, whose ``Resident Evil'' action game was among the top 10 best-selling titles in Japan and the U.S. in June, expects annual sales to rise 11 percent as it doubles the number of Wii titles to six. Chief Financial Officer Kazuhiko Abe gave presentations to investors in New York and Boston last week, focusing on new Wii offerings, spokesman Ryosuke Tanaka said.
``Resident Evil's Wii edition has continued to sell well,'' said Jay Defibaugh, who rates Capcom shares ``outperform'' as an analyst at Credit Suisse Group in Tokyo. Sales of the game, also known as ``Biohazard'' in Japan, will probably exceed Capcom's shipment target of 620,000 units by March 31, he said.
