Capcom updated its financial forecast — the company estimated annual revenue at $889 million
Capcom expects to earn $889 million by the end of the fiscal year (April 1, 2020 — March 31, 2021). Earlier, the amount was a little more modest, but now the company has updated its forecast.For the first time, Capcom presented a forecast of its consolidated earnings for the fiscal year last October.
Now the company has revised the figures and raised the expected indicators.
Basic data from the new forecastAnnual revenue — $889.5 million (against $821.8 million, an increase of 8%).
- Operating profit — $294.8 million (against $246.5 million, an increase of 19.6%).
- Net profit attributable to the owners of the parent company is $203 million (against $174 million, an increase of 16.7%).
- Earnings per share — $1.72 (vs. $1.54).
- Reasons to revise the forecast
Capcom notes an active growth in digital sales of its titles.
The main drivers of growth were the success of Resident Evil 3 and Monster Hunter World: Iceborn, as well as increased demand for pre-orders of Monster Hunter World: Rise coming out in March.
The company expects that gaming business revenues will exceed the initial plan. Revenue growth should also be affected by the release of subsequent updates for Monster Hunter World (instead of the originally planned one update, Capcom will present three at once).
