Sunday, 09 May 2021 16:55

Capcom Breaks Its Own Profit Record Yet Again | Game Rant

Written by William Miracle
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Capcom's latest fiscal year report shows the company has once again broken profit records and is now at eight consecutive years of income growth.

Capcom's latest fiscal report reveals that the company is continuing to thrive financially with successful big title releases and strong digital content sales. The Japanese company's fiscal year ended in March with net sales of around 95 million yen, which was an increase of nearly 17% from the previous year. Major contributors to Capcom's successful year were the Resident Evil 3 remake and Monster Hunter Rise, and despite this being the fourth consecutive year hitting record high profit margins, the company expects to break this record again next year.

Although Capcom has several franchises underneath its umbrella, the last fiscal year's success relied strongly on the Monster Hunter and Resident Evil franchises. Monster Hunter Rise shipped 4 million copies in only a few days before the end of March, and the game has also received a flood of positive reviews. Capcom also mentioned the contribution of the Resident Evil 3 remake, despite the remake failing to match the same numbers as the Resident Evil 2 remake released in 2019.

RELATED: Resident Evil Village Sets New Series Record for Simultaneous Steam Players

Monster Hunter: World also receives a mention in Capcom's recent press release, even though the game has been out since 2018. Capcom states that the company has seen "continued success in promoting digital sales" for both the Resident Evil 3 remake and Monster Hunter Rise, and Monster Hunter: World's contribution comes largely from digital downloads of its most popular DLC expansion, Iceborne. Capcom is just one of many game developers and publishers to recognize the strength of digital sales over the past year as COVID-19 limited the ability of consumers to buy physical copies from game stores.

Capcom surged past the 2019-2020 fiscal year in several different metrics, with operating income up 51.6%, ordinary income up 51.8%, and net income for the parent company up 56.3%. The company expects its operating income of nearly 34,600 million yen to increase during the next fiscal year to 42,000 million yen and hopes to reach a net sales total of 100,000 million yen.

Capcom will partially rely on next-gen console releases despite Xbox Series X|S and PS5 shortages, as it saw strong performance from next-gen exclusive Devil May Cry 5 Special Edition.

With its new fiscal year only just beginning, Capcom already seems to be on the right track to meet its projected goals. The company's latest addition to the Resident Evil franchise, Resident Evil Village, has drawn a lot of attention from gamers.

Resident Evil Village appeared three times on Steam's top seller list during its first week out, with the individual game taking the number one spot and two different bundles landing at spots six and seven. Resident Evil Village has been well-received so far, so it seems like the survival horror game will be a great launching pad for Capcom's next fiscal year.

MORE: Why Resident Evil Village Isn't On Game Pass

Source: Capcom

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