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June 19, 2021
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Capcom attributes record profits to 'continued success' of game division

Capcom attributes record profits to 'continued success' of game division

May 10, 2021 | By Chris Kerr




Capcom said its video game business "drove results" after reporting record profits for the fourth consecutive year. 

According to the Japanese company's fiscal report for the full-year ended March 31, 2021, consolidated net sales rose by 16.8 percent to 95.3 billion yen ($876 million) and profits increased by 56.3 percent to 24.9 billion yen ($229 million). 

Capcom explained its Digital Contents business, which houses its video game operations, was a key growth driver, and specifically highlighted the "continued success" of digital sales and major new releases like Monster Hunter Rise (over 4 million units shipped) and Resident Evil 3 (over 3.9 million units shipped). 

It also noted the sales growth of catalog titles like Monster Hunter World: Iceborne, and pointed to rising overseas revenue resulting from the expansion of regional markets and the "longer product lives" of its games.

As a result of those factors, net sales in the company's Digital Contents arm increased by 25.6 percent to 75.3 billion yen ($692 million), while operating income rose by 53.1 percent to 37 billion yen ($340 million). 

Looking ahead, Capcom is forecasting consolidated net sales of 100 billion yen ($919 million) and profits of 30 billion yen ($275 million) by the end of the next fiscal year on March 31, 2022. 



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