Capcom increases financial forecast due to Dragon's Dogma 2 success
pcgamesinsider.bizJapanese publishing giant Capcom has increased its financial outlook for the financial year ending March 31st, 2024.
In a note to investors, the company increased its earnings forecast to ¥152.4 billion ($977.9 million) from ¥140 billion. Operating income has slid up ¥1 billion ($64.2 million) to ¥57 billion ($365.8 million) while ordinary income has increased ¥3.4 billion ($21.8 million) to ¥59.4 billion ($381.2 million)
Capcom says that this is due to the success it has seen with both Street Fighter 6 – which launched in June 2023 – and the most recent release of Dragon's Dogma 2. The eagerly-anticipated RPG was released on March 21st, so just fits into this financial year.
"In our core Digital Contents business, in addition to Street Fighter 6, the latest title in the Street Fighter series, being met with broad acclaim globally, Dragons Dogma 2 was released in the fourth quarter and has performed favorably," Capcom wrote.
"Further, sales grew for catalog titles consisting primarily of past titles from major series due to their steady popularity. Altogether, this has led us to expect earnings for this business to exceed our plan.
"As a result, we expect net sales, operating income, ordinary income, and net income attributable to owners of the parent to all outperform our previously announced forecast."
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