Capcom says it would ‘gracefully decline’ any acquisition offer from Microsoft

Capcom is not interested in acquiring any new studios, nor is it interested in being aquired itself, its COO has said.

In an interview with Bloomberg, Capcom COO Haruhito Tsujimoto was asked what the company’s stance was when it comes to mergers and acquisitions.

“I think there have been many merger and acquisition talks in the game industry,” Tsujimoto replied. “There was once a time we were a target, but rather than acquiring an outside company, we prefer organic growth.

“It is important to train and develop human resources in-house in order to carry out growth strategies. I also believe we can utilise external partners, but we have no intention of acquiring companies.”

Tsujimoto was then asked what would happen if a company such as Microsoft was to approach Capcom with the aim to potentially acquiring it.

“I would gracefully decline the offer,” he replied, “because I believe it would be better if we were equal partners.”

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Capcom’s stock price hit a new all-time high of ¥5,270 in May and has broken this record numerous times since then, reaching as high as ¥6,520 in July.

In its financial results covering the year ending March 31, 2023, the Resident Evil publisher said it had sold 41.7 million games during that 12-month period, breaking its record for the most games sold in a business year.

With the subsequent releases of Street Fighter 6 and the Resident Evil 4 remake, Capcom also said in May that it expects to break the record again for the year ending March 31, 2024.