Many companies in Japan performed poorly in 2012 for a number of reasons. Most significant were concerns about renewed debt problems in Europe, slowing economic growth in China and a difficult environment for exports due to the yen's persistent strength.
Despite this challenging environment, Capcom reinforced its brands worldwide and recorded global game sales of 5 million units in 2012. One reason was the release of "Dragon's Dogma", an entirely new title that generated sales of more than one million units. Performance also benefited from well-timed introductions, notably the release of "Resident Evil 6" along with the debut of the Hollywood movie "Resident Evil: Retribution".
The game industry is in the midst of a tumultuous period of unprecedented magnitude. An enormous shift is taking place in the composition of the entire market. Our market is moving with increasing speed away from conventional packaged software along with the growing popularity of smartphones and tablets and the transition to social games. I believe that the dividing line between packaged software and digital content will soon disappear.
Capcom views these momentous changes as an opportunity. To capitalize on this opportunity, we are focusing on three strategies. First is the multi-platform strategy for supplying content for all types of hardware. Second is the single content multiple usage strategy for utilizing our content in many types of media. Third is the global strategy for increasing our market share worldwide. We are placing particular emphasis on developing products for the growing market for online games. Our goal is to raise sales in our online businesses to 30 billion yen in the fiscal year ending in March 2015.
Capcom will celebrate its 30th anniversary in 2013. In this anniversary year, we are focusing our energy on growth. Guided by our philosophy of being a "company that excites people and stimulates their senses", we are advancing to a new stage as a content provider in step with the next phase of our markets.
This is an exciting time for our industry. I am confident that Capcom will remain one of the leaders as we target the many attractive opportunities that are emerging as our markets evolve.
President and Chief Operating Officer (COO)