Capcom Blames Recent Loss of Income on Prior Success of Resident Evil Village
Publishing some of gaming's most well-known franchises including Resident Evil, Street Fighter, Monster Hunter, and more, Capcom has an incredibly strong portfolio of IPs. While the future of Capcom games looks bright to many, with titles like Street Fighter 6 and Exoprimal on the way in 2023, the company recently shared some information not related to its games. Rather, Capcom showed off its financial intentions for the coming years, and how it plans to mark its tenth year of income growth.
Capcom has claimed that it is on track for a tenth consecutive year of growth despite recent dips in sales. For 2022's second quarter, which ended on June 30, Capcom saw its net sales down 47.9% from last year. Operating income was down 48.9% and ordinary income also saw a fall of 46.4%. However, Capcom believes that this decline compared to 2021's quarter was primarily due to the launch and success of a major title in Resident Evil Village. The latest game from the franchise did see a large number of sales, and as of January 2022, Resident Evil Village had topped 5.7 million units.
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Just because there's an explanation for this drop in income does not mean Capcom isn't looking to improve from its revenue dip. The company still claims it is on track to reach its expected full-year earnings, likely picking up the lost income through other major titles released in the second half of the financial year. The upcoming Resident Evil 4 Remake, for example, is set to release towards the end of March 2023, just a week before the end of Capcom's fiscal year.
Before the release of the Resident Evil 4 Remake, Capcom has already seen some financial success in the second half of the financial year.
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