At a time when many studios are being downsized or outright shuttered despite producing hits, one company continues to show growth. Capcom announced that it posted it seventh consecutive year of record profits and its 11th consecutive year of operating profit growth. This is despite refraining from any sort of streamlining and actually raising employee salaries.
In a press release dated May 9, Capcom announced that it earned a total of ¥152,410 million, or around $979 million during the fiscal year that ended March 31, 2024. This represents a 21 percent year-on-year increase. In addition, the company's other income breakdowns, both operating and ordinary income, as well as "net income attributable to owners of the parent," also saw double-digit percent increases.
In the report, Capcom attributes the results to its "core Digital Contents business," — in other words, its games. Specifically, the company reports that it sold more games in the last fiscal year than it ever did before: 45.89 million units.
Specific titles mentioned in the press release include the recently released Dragon's Dogma 2; last year's Street Fighter 6, which the company states leads its esports activities; and Resident Evil 4, the long-awaited remake of the 2004 original on GameCube. Specifically, RE4 just beat out Street Fighter 6 to the top spot, with 3.4 million units sold compared to the latter's 3.3 million.
In third place, surprisingly enough, was Monster Hunter World, a game originally released in 2017, with 2.8 million sold, bringing its lifetime total to 25 million. Monster Hunter World's long-awaited sequel, Monster Hunter Wilds, is scheduled to release in 2025. (Read: Monster Hunter Wilds reveal trailer details you might have missed)
Meanwhile, Dragon's Dogma 2 sold 2.8 million.
Capcom's report of record profits comes at a time when many publishers are either downsizing their studios or outright shuttering them. The most recent being Microsoft's closure of four studios, including Tango Gameworks, the studio behind the critically acclaimed Hi-Fi Rush.
More interesting is the fact that Capcom has not done any soft of downsizing or cost-cutting to see its record results. Indeed, the company recently raised the salaries of its employees, including new hires, in March.
Moreover, Capcom is now predicting that its run of record profits will continue in the next fiscal year. The question now then is what games the company is expecting to lead the charge for them. So far, the only major release on their calendar is Monster Hunter Wilds. But with almost a year until that's expected to come out, it seems likely that the company may have some surprises in store.
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