Capcom says it’s still on track to beat last year’s net profit despite being 33% down after Q3
Capcom is relying on Monster Hunter Wilds to end its fiscal year with a bang
Capcom says it “remains on course” to achieve its forecast of better net profit than last year, despite trailing behind at this stage.
The company published its financial results for Q3 of its current fiscal year, noting that its net sales for the first nine months are down 16.3% year-on-year, operating income is down 35%, ordinary income is down 36.5% and net income is down 33.4%.
However, it also stresses that its previous forecast that it would end the current fiscal year with better results than last year is still on track, because of the upcoming release of Monster Hunter Wilds.
Capcom says total game sales for the first nine months were 30.53 million units, which is down year-on-year, but points out that last year’s figures include the release of Street Fighter 6.
It also notes that unit sales of catalogue titles have gone up from 26.7 million to 28.61 million for the first nine months year-on-year.
As it stands after nine months, Capcom is currently on net income of ¥23 billion ($148 million) compared to ¥34 billion ($222 million) last year.
However, due to the release of Monster Hunter Wilds on February 28, it forecasts that its net income by the end of the fiscal year will be ¥46 billion ($296 million), compared to ¥43 billion ($279 million) last year and ¥36 billion ($236 million) the year before that.
Further reading
Last month Capcom announced that it’s developing a new entry in the Onimusha series, the first new main entry in two decades.
It also added that it’s working on bringing more legacy IPs back, a statement confirmed later that month with the announcement that it’s working with Hideki Kamiya‘s new studio Clovers on a sequel to Okami.
