Thanks To Resident Evil 3 And Monster Hunter, Capcom Expects To Make A Lot Of Money
The publisher has increased its revenue and profit targets due to a handful of key titles.
Japanese gaming publisher Capcom has announced that it expects to make even more money than anticipated for its latest financial year due to the big success of a few key titles.
In a news release, Capcom said it is increasing its forecast for revenue and profit for the financial year ending March 31 due in part to big sales of Resident Evil 3 and ongoing sales of catalog titles like Monster Hunter World.
Capcom said its efforts to grow digital game sales have paid off, and that is also part of the reason why the company is increasing its revenue and profit forecast. On top of that, Capcom said preorders for Monster Hunter Rise for Nintendo Switch are "off to a promising start." All of these factors, in addition to a presumed boost due to COVID-19, is why Capcom is raising its performance estimates for the financial period.
As you can see in the chart below, Capcom now plans to bring in 92 billion yen for the year in revenue and 21 billion in profit, which compares to the previous forecast of 85 billion yen in revenue and 18 billion yen in profit.
Capcom will officially announce its earnings results for the period on January 28, so check back with GameSpot then to find out if the company reached its increased targets.
In other Capcom news, the publisher is holding a special Resident Evil showcase event on January 21 starting at 2 PM PT / 5 PM ET. One of the surprises has seemingly been revealed early, as the Resident Evil multiplayer game Resident Evil Re:Verse has leaked online.