Japan used to be the one, big remaining sanctuary of arcade gaming from the console onslaught, but that seems to be changing fast as we speak.

Reuters reports that tough times are coming to the industry as the Nintendo Wii leads the charge in the competition for the time and money of kids in the country. The innovative console took away things that one belonged only to special arcade machines, causing concern about the future of the business.

Due to expectations for high sales rate from their Nintendo Wii titles, Capcom's stock climbed to a high 6.3 percent in the Tokyo Stock Exchange. It is the gaming mogul's highest mark since September 26, 2002. Capcom's stock rose to a total 14 percent for the past two days.

Their highest-selling titles include those of the Resident Evil franchise, whose Resident Evil 4 was included in the list of Top 10 titles in Japan, as well as in the US, for the month of June. Capcom is also banking on the horror franchise to exceed its shipment target of 620,000 units in March 31, according to Jay Defibaugh, an analyst at Credit Suisse Group.

To date, Capcom's stock has reached 33 percent for this year.