Resident Evil 4 remake caps off record year for Capcom

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Capcom today released its financial earnings report for the year ended March 31, 2023, which saw the company set a new net sales record for the sixth consecutive year.

The Numbers:

For the 12 months ended March 31, 2023:

• Net sales: ¥126 billion ($940 million, up 14% year-over-year)
• Net income: ¥36.7 billion ($273 million, up 13% year-over-year)

The Highlights

The biggest new games of the year for Capcom were Monster Hunter Rise: Sunbreak and the Resident Evil 4 remake, which sold 5.45 million copies and 3.75 million copies, respectively. Resident Evil 4's sales figure only represents the initial launch of the game, as it was released with just one week remaining in Capcom's fiscal year.

Capcom also reported strong catalog sales led by Monster Hunter Rise's 3.7 million copies.

The company reported six million-selling titles for the fiscal year that were released in previous years, with Resident Evil 3 and Resident Evil 2 actually seeing year-over-year increases in units sold.

Overall, Capcom reported sales of 41.7 million copies of its games, up 28% year-over-year.

The company's growth was driven by its digital distribution business on PC and consoles, as packaged good sales decreased 40% year-over-year to ¥18 billion ($134 million), while mobile content revenues dipped 33% to ¥2.8 billion ($21 million).

Looking ahead, Capcom expects its packaged goods sales to decrease further while the mobile content recovers and shows slight growth in the current fiscal year.

For the new fiscal year, Capcom projects net sales up 11% to ¥140 billion ($1.04 billion), with net income up 9% to ¥40 billion ($298 million).

It also expects to sell 45 million games this year, led by major releases Street Fighter 6 and Exoprimal.

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