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    Capcom announces year-over-year sales and profit decline

    Capcom today announced its financial results for the first quarter of the fiscal year for the period April 1 to June 30.

    For the first time in quite some time, all relevant indicators show a decline: sales fell 47.9% year-on-year, while operating income fell 48.9%.

    However, Capcom mentions that the results of its digital content business are considered “solid”. This is because this quarter is compared to the one in which the publisher released Resident Evil Village & Monster Hunter Rise, and the only big news this time around is Monster Hunter Rise: Sunbreak.

    Specific results for the digital content business were net sales of 19,860 million yen (down 54.8% year-over-year) and operating income of 12,541 million yen (down 48.7% year-on-year) .

    The company is still on track to achieve a tenth consecutive year of positive operating income.

    In addition, catalog and digital game sales were up year-over-year. If you’re not familiar with financial jargon, catalog games are old games that weren’t released in the last quarter.

    Capcom now plans to focus on upcoming major game releases in the second half of the year and continue to push high-margin digital sales.

    As seen on PlayGround

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