Capcom record-high profits for fourth consecutive year

Capcom announced in its financial results for the 2020 fiscal year that it reached a fourth year of record-high profits. That marks the eighth consecutive year of operating growth for the company.

Capcom reports that net sales were 95.3 billion yen (~$875.82 million) for an increase of 16.8% year over year. Operating income was 34.6 billion yen (~$318 million) for a rise of 51.6% year over year. Core digital contents business saw a strong performance during the pandemic thanks to new releases such as Monster Hunter Rise and Resident Evil 3. While the stay-at-home market helped boost digital sales and new releases, the amusement business (arcades) saw a generally weaker performance.

Capcom record-high profits for fourth consecutive year

Growth in overseas revenue from expanding regional markets and longer product lives also contributed to Capcom’s fourth year of record-high profits.

Capcom record-high profits for fourth consecutive year

Moving forward, Capcom expects to reach 100 billion yen (~$919.66 million) and an operating profit of 42 billion yen (~$386.26 million) by the fiscal year ending March 31, 2022.

Key drivers for Capcom during the 2020 fiscal year include Monster Hunter Rise, which shipped 4 million units worldwide as of March 31 (now 6 million). Resident Evil 3 moved 3.9 million units across PlayStation 4, Xbox One, and PC. Meanwhile, Capcom saw continued catalog sales from Monster Hunter World: Iceborne and Resident Evil 2Devil May Cry 5 Special Edition also saw a strong performance on PlayStation 5 and Xbox Series X|S.

[Source/Source]

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