Capcom says ‘all business segments outperformed’ in latest results

Capcom says it’s on track to achieve its earnings forecast for the year, and that all of its business segments outperformed its plan in the most recent quarter.

The Monster Hunter publisher reported its financial results for the three months ended June 30, 2024, and said that it was on track, despite net sales (down 32.5%) and operating income (down 46.4%) both being significantly down year-over-year.

The company attributed the year-over-year decline to the release of Street Fighter 6 last June, and noted that its releases are heavily stacked towards the second half of its financial year, which ends in March 2025.

Currently, the publisher has confirmed Dead Rising Deluxe Remaster for release in September. Monster Hunter Wilds currently has a loose ‘2025’ release window.

Capcom’s Arcade Operations (which includes stores), Amusement Equipments (which includes slot machines), and Other Business (including events and eSports) segments were all up during the quarter.

“During the three months ended June 30, 2024, sales in Capcom’s core Digital Contents business centered on releases of existing titles on additional platforms and catalog sales of major titles released in previous fiscal years because the launch timing of new titles will be concentrated in the second half of the current fiscal year,” the company said.

“The resulting sales volumes were 9.53 million units, which made solid progress toward achieving the full-year target and was in-line with plans, though represented a decrease compared to the same period of the previous fiscal year when Street Fighter 6 was released.”

Capcom’s latest big title, the acclaimed RPG Dragon’s Dogma 2, has now sold 3 million units since its release in March, pushing overall sales of the Dragon’s Dogma franchise to over 12 million. Dragon’s Dogma 2 was notable as Capcom’s first $70 title.