I knew Capcom was doing pretty well, but its stock is skyrocketing
It's been hard to ignore the amazing run Capcom's been on for the past few years, and that repeated excellence is being reflected in the stock market. According to industry consultant Dr. Serkan Toto(opens in new tab), Capcom's stock hit a record high ¥4,865 ($36.74) a share on April 3.
It's Monday noon in Japan where Capcom's stock today hit 4,865 yen earlier in the morning, an all-time high for the company.(Screenshot shows the price at the current 4,850 yen.) pic.twitter.com/xexMEtfNypApril 3, 2023
A March 23 analysis from Seeking Alpha(opens in new tab) (users may encounter a paywall) predicted that the release of the Resident Evil 4 Remake would herald good things for the company, and pointed to the game's strong reviews compared to 2021's Resident Evil Village. Seeking Alpha forecasts over 10 million unit sales for the long-awaited remake over the next 12 months, and recommended readers invest in the stock (perhaps too late for you to take advantage of that now though, bucko).
It's great times for Capcom, which is all the more impressive if you consider where the publisher was just 10 years ago. Street Fighter was still dominant in the fighting game community, but Resident Evil was in a doldrums, never seeming able to reach the highs of the original Resident Evil 4. Monster Hunter was a reliable seller in Japan that suffered from the Dragon Quest curse in the West, and Devil May Cry was on ice, with its most recent entry a divisive reboot/spinoff from UK developer Ninja Theory.
The arrival of Resident Evil 7 in 2017 heralded a shift in Capcom's fortunes, while the next year's Monster Hunter World finally brought the series major success in the West. Since then it's been a string of critical and commercial successes
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