Capcom Raises Revenue Forecast for Current Fiscal Year Thanks to Resident Evil 3 and Monster Hunter Rise

Continued sales of Monster Hunter World have also helped the company.

Posted By | On 21st, Jan. 2021 Under News


Capcom Logo

It seems several of Capcom’s recent releases have enjoyed stronger prolonged sales than even the publisher itself was expecting. These continued sales have resulted, of course, in the company expecting to make more money than it had previously anticipated.

Capcom told its shareholders in a recent meeting (via VGC) that it is increasing its financial forecasts for the current fiscal year, which ends on March 31. The company is expecting net sales to come up to $889 million, which is 8.2% higher than its previous projection, and a net income of $203 million, which is a 16.7% bump.

What exactly has caused this increase in forecasts? Well, as it turns out, the digital sales of Resident Evil 3 (which had sold a total of 3 million units at last count) and continued strong sales of Monster Hunter World (specifically Iceborne) have been bringing in more finances than expected. Meanwhile, the pre-order sales for the upcoming Monster Hunter Rise (which Capcom expects will be a big seller) have also contributed significantly.

“We have seen a solid performance by new title Resident Evil 3, along with continued growth in high-margin catalog titles with long sales cycles, such as Monster Hunter World: Iceborne, which was released in the previous fiscal year,” Capcom says. “Additionally, orders for Monster Hunter Rise, a major new title scheduled for release in March of this year, are off to a promising start. Altogether, this has led us to expect this business to outperform our plan.”

Capcom also has another big game, Resident Evil Village, lined up for the coming months, though it remains to be seen whether that will release before this fiscal year ends (it seems unlikely). The Resident Evil Showcase is airing in a few hours, and it’s possible a release date might be announced then. Stay tuned for all the updates.


Awesome Stuff that you might be interested in




Keep On Reading

 

Copyright © 2009-2020 GamingBolt.com. All Rights Reserved.