Capcom revised its earnings forecast for the fiscal year ending March 31, 2021. Strong sales from Resident Evil 3 and the Monster Hunter series were significant factors behind the upward revision.
Check out Capcom’s revisions to the consolidated forecast for FY2021 below:
Capcom set the previous earnings forecast in August 2020 following its best-ever first quarter in sales and profit. With the continued strong sales of several key titles, the forecast has once again been revised. The previous estimates of 85 billion yen (~$822 million) increased to 92 billion yen (~$890 million). The operating income forecast also increased from 25.5 billion yen (~$247 million) to 30.5 billion (~$295 million). Ordinary income saw a similar increase going from 25.5 billion yen to 30 billion yen.
One of the biggest reasons behind the revision comes from the recent success in digital sales. Capcom noted that Resident Evil 3‘s strong sales and the long sales cycles from Monster Hunter World: Iceborne as other factors. Furthermore, Monster Hunter Rise is also off to a promising start in pre-orders ahead of its launch this March.
The Monster Hunter series is also finding success beyond console gaming sales. Capcom also noted that the recently launched Monster Hunter: World pachislot has been a bright spot in the Amusement Equipments business segment. In other words, the Monster Hunter: World pachislot game has been popular at parlors across Japan.