Wednesday, 27 January 2021 18:19

Capcom Reports Record Profits for Q3 Thanks to Resident Evil

Written by Michael Beckwith
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Capcom has had a very successful Q3 thanks to Resident Evil and Monster Hunter sales, with both franchises also getting new entries later this year.

The latest financial report from Capcom reveals that the company has enjoyed a very successful fiscal year so far. In fact, it has achieved the highest profits for the end of a third quarter in the company's history, with entries in the Resident Evil and Monster Hunter series' being primary contributors.

The report covers the results of the nine months ending with December 31st 2020. It states that net sales were at 64,867 million (up by 22.6%), operating income was at 24,382 million yen (up by 32.2%), and ordinary income was 24,088 million yen (up by 28.8%).

RELATED: The 10 Best Selling Capcom Franchises of All-Time, Ranked

In particular, Capcom credits the strong performance of its Digital Contents business. It also specifically noted its remake of Resident Evil 3 being a major contributor. Though the game released in April (which is part of Q2), it continued to shift units throughout Q3. According to analyst David Gibson, it sold 300,000 units in Q3, with the remake of Resident Evil 2 and Resident Evil 7 managing to push an additional 350,000 and 300,000 units each respectively.

The continued success of Monster Hunter World: Iceborne, an expansion of Monster Hunter World, was also a factor, selling another 600,000 units. This isn't too surprising to hear considering how ridiculously successful the original MH World game has been for Capcom, with it smashing records only a few days after it released in 2018.

Both Resident Evil and Monster Hunter are expected to continue making more money for Capcom throughout 2021. Monster Hunter Rise, a Nintendo Switch exclusive, will be releasing in March before the end of the current fiscal year. And then the next fiscal year will kick off with Resident Evil Village, the eighth "numbered" entry that's already turning heads thanks to it shaping up to be quite the departure for the series so far and the inclusion of Lady Dimitrescu, a new antagonist that the Internet has fallen head over heels for.

Gibson also says that Capcom addressed the effect the coronavirus pandemic and the security breach/hack from last year have had. Apparently, the pandemic's effects on business and development have been described as negligible. As for the hacking incident, while it did lead to many current and former employees' details being compromised, Capcom believes that any financial impact it had is small and that it hasn't impacted the company's release schedule.

On a surface level, this suggests that the leaked release schedule is accurate, but it's important to note that things may have changed since that schedule was first written up. Some games, like Street Fighter 6, are a given (that example has even already been confirmed), but fans best not hold their breath for some of the other leaked titles, which included remakes of beloved classics like Power Stone and Final Fight.

MORE: Resident Evil 7 Story Recap: How It Can Lead Into Village

Source: Capcom

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