Capcom’s business is video games, and business is good. In fact, it has never been better. The Japanese giant on Wednesday announced year-end results covering its fiscal year ended March 31, 2023. This was the best year in the history of the venerable publisher (Thank you VGC (opens in new tab)).
Capcom sold 41.7 million games during the year. This is a significant increase from his 32.6 million the year before. This is a new record for games sold in one year. As a result, we achieved a record high profit and achieved profit growth for the 10th consecutive year. Major contributors were Monster Hunter Rise: Sunbreak (5.45 million units) and Resident Evil 4 (3.75 million units). is his weekly sale).
That’s still only 9 million games, and according to Capcom, most of the rest are catalog titles (i.e. games not released this fiscal year), spread across the Monster Hunter, Resident Evil, and Devil May Cry series. This accounted for a total of 29.3 million game sales, with the biggest contributors being Monster Hunter Rise (3.7 million), Resident Evil 2 (2.25 million) and Resident Evil 3 (1.95 million).
Of the sales, 12.4 million were new titles. In addition to Monster Hunter Rise: Sunbreak and Resident Evil 4, Capcom’s other titles from this period included the new Gold Edition of Resident Evil Village, Capcom Fighting Collection, and Mega Man: Battle Network Legacy Collection. Purchases are overwhelmingly digital, making up just under 90% of his sales.
After the results were announced, Capcom’s share price unsurprisingly hit a ceiling, hitting an all-time high of „5380 (just over $40) per share. At the time of writing, he’s settled around 5270, but still well above last week’s levels.
Capcom is feeling bullish and believes it can smash these new records in the current fiscal year.There’s no doubt that Resident Evil 4 will continue to contribute to healthy numbers, but this year’s big performance comes from the It has to be Street Fighter 6 in June (Capcom has set a very ambitious target of 10 million sales) and Exoprimal in July.
Capcom felt a little wobbly in the late 2000s, with several big projects emerging halfway through and the then strategy of outsourcing IP to Western studios wasn’t always successful. An iconic title of the era was Resident Evil 6. This is a game that Capcom has packed so much stuff into that it basically falls over if it doesn’t have fresh ideas. Since the 2010s, however, the company has refocused its core titles. Resident Evil reboot and start of the remake project, the fantastic Monster Hunter World and Ryze, and finally the excellent Street Fighter V. These results show him one thing. By creating quality games, our audience is bigger than ever.
