Ahead of a report on its earnings for the 2024 fiscal year, Capcom has revised its earnings forecast thanks to strong sales across its catalog of games, in particular highlighting Dragon’s Dogma 2.
In an April 25 press release, Capcom announced it had raised its net sales forecast for the 2024 fiscal year (which covers April 2023 through to March 2024) by 8.9%. It originally estimated it would make 140,000 million yen (tantamount to just under $900 million) in sales, but has now updated it to 152,400 million yen (about $979 million). As such, overall profits and shareholder earnings are all up too, which points to Capcom’s 2024 fiscal year being more successful than it initially expected.
Capcom namedrops Dragon’s Dogma 2 (which launched shortly before the end of the fiscal year in March) and Street Fighter 6 (which launched in June 2023) as contributing to this: “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.” Although it doesn’t mention exact figures, we already know from an April 2 press release that Dragon’s Dogma 2 sold over 2.5 million units in less than two weeks despite all the controversy surrounding its day one microtransactions. As for Street Fighter 6, it crossed the three million sales milestone in January, but that number could very well have gone up in the last few months.
Although it doesn’t provide any other specific examples, Capcom does add, “Sales grew for catalog titles consisting primarily of past titles from major series due to their steady popularity,” suggesting the company’s overall library has been selling well. Other Capcom games to have launched in the past 12 months include the dinosaur themed shooter Exoprimal (which recently added a Mega Man crossover), the Mega Man Battle Network Legacy Collection, and the Apollo Justice: Ace Attorney Trilogy.
We should see more concrete figures once Capcom publishes its full year earnings, which is scheduled to happen on May 9. Assuming things have gone as well as Capcom expects, this will mean the company will want an even better 2025 fiscal year. At the moment, its release schedule for the rest of 2024 is pretty minimal, consisting only of re-releases of the Monster Hunter Stories duology of RPGs in June and Kunitsu-Gami: Path of the Goddess, a new action strategy IP. Its next major launch, though, is 2025’s Monster Hunter Wilds, which should turn a very handsome profit for Capcom given the series’ popularity.
