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For the fiscal year ended 3/31/23 Capcom (9697.T-JP: Tokyo) (OTC:CCOEY) saw sales increase 14% YOY to ¥125,930 (about $1 billion). Net income was up 13% to ¥36,737.
Sales in the video game Digital Contents division increased 12% and accounted for 78% of overall revenue. Capcom sold 41.7 million home video game units in the year, the highest in company history.
For the fiscal year ending 3/31/24, Capcom is forecasting 12% sales growth.
In a tough 2022, Japanese video game publishers did surprisingly well in the high-end North American and Europe markets. This is an indication of a trend of Japan IP having a larger impact on the global market. It also highlights some major differences between pay-upfront business models and live services/free-to-play models.
Japanese Companies Dominated the Late 1980s and early 1990s
With the rise of Nintendo in the 1980s, publishers from Japan grew by developing …..
In the recently launched DFC Intelligence Video Game Stock Index, Capcom (9697.T-JP: Tokyo) (OTC:CCOEY) was the top performer with a stock increase of 37% from January 2022 to January 2023. The overall DFC Intelligence Video Game Stock Index was down 30% in 2022.
In late October, Capcom announced a 30% decline in revenue for the first six months of the fiscal ye…..