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Capcom raises full-year earnings forecast on better than expected game sales
25.04.2024 - 10:33 / videogameschronicle.com / Hideaki Itsuno / Tom Ivan
Capcom has raised its full-year earnings forecast after new and older games sold well during the 12 months ended on March 31, 2024.
The Japanese publisher, which is due to report its full year earnings on May 9, had already forecast record results for the fiscal year in its original guidance.
It announced today that it has raised its net sales forecast by 8.9% to 152,400 million yen ($979 million), and increased its net income forecast by 8.3% to 43,300 million ($278 million).
“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, Dragon’s Dogma 2 was released in the fourth quarter and has performed favorably,” the company said.
“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.”
Capcom said in January that Street Fighter 6 had sold three million copies. Prior to its release last June, Capcom‘s president said the company aimed to sell 10 million copies of the game, which would break the series record of 7.4 million achieved by Street Fighter 5.
Dragon’s Dogma 2, which was released on March 22, is Capcom’s first $70 game. 11 days after its release, the company claimed that sales had surpassed 2.5 million units.
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