Capcom’s share price continues to rise as the company posts record sales
Capcom’s stock price reached an all-time high before the market opened today, following the release of the company’s latest financial earnings report, which shows the sixth consecutive year of profit growth for the Resident Evil and Street Fighter publisher.
That’s a helluva lot of Bison dollars
For the fiscal year ending March 31, 2023, Capcom reported 41.7 million game sales. This is the most year-over-year revenue rise in the company’s whole existence, and it’s an increase of $10 million from the prior year. Two games, the survival horror remake Resident Evil 4 and the epic fantasy adventure Monster Hunter Rise: Sunbreak, are responsible for the increase in sales.
Capcom’s catalogue, including Devil May Cry 5, Resident Evil Village, Resident Evil 2 and 3, Monster Hunter World, and The Great Ace Attorney Chronicles, has also contributed to these amazing sales results. Capcom has a number of upcoming 2023 releases planned, including the dinosaur-hunting Exoprimal and the portable remaster of Ghost Trick: Phantom Detective. However, June 2 marks the debut of Capcom’s most anticipated future release: Street Fighter 6. The publishing house had aimed for 10 million copies to be sold of the forthcoming sequel.
World, which was released in the winter of 2017, is the catalyst for Capcom’s success story. After a slump marked by the underwhelming debuts of Street Fighter V and Marvel vs. Capcom: Infinite, Monster Hunter: World not only became the publisher’s best-selling release of all time, but also ushered in a string of massively successful releases for Capcom, ushering in the most profitable period in the company’s 40-year history.