Capcom Financial Highlights: Fiscal Year Ended March 31, 2021

Key insights

7 takeaways

01
Capcom achieved record-high profits and an eighth consecutive year of operating income growth, reaching 34.6 billion yen in operating income and 95.3 billion yen in net sales for the fiscal year ended March 31, 2021.See it on page 3
02
The Digital Contents segment drove performance, with total consumer unit sales reaching 30.1 million, including 23.15 million units sold digitally.See it on page 7
03
Monster Hunter Rise was a primary growth driver, contributing over 4.8 million units to the total sales volume.See it on page 9
04
The Arcade Operations segment suffered a 22% decline in same-store sales and a sharp reduction in operating income due to the COVID-19 pandemic.See it on page 5
05
The Amusement Equipments business improved its financial performance through the release of three new pachislo models.See it on page 11
06
The company maintained a strong financial position with a 22.6% return on equity and an annual dividend of 71 yen per share.See it on page 3
07
Total assets grew to 163.7 billion yen, supported by the company's strategic focus on digital distribution and global expansion of core intellectual property.See it on page 6

Summary

Capcom’s financial results for the fiscal year ended March 31, 2021, demonstrate significant growth, marked by record-high profits and an eighth consecutive year of operating income expansion. The company reported net sales of 95.3 billion yen, an increase of 13.7 billion yen over the previous fiscal year, and operating income of 34.6 billion yen. These results exceeded the company’s revised forecasts, driven primarily by the robust performance of the Digital Contents segment, which benefited from strong consumer demand for both new releases and catalog titles.

The Consumer sub-segment served as the primary engine for this growth, achieving total unit sales of 30.1 million units. Key contributors included the release of Monster Hunter Rise, which sold over 4.8 million units, and the continued success of Resident Evil 3. Digital sales remained a critical component of the company’s strategy, with digital unit sales reaching 23.15 million. The company also saw positive momentum in its Amusement Equipments business, which increased sales and profit through the release of three new pachislo models. Conversely, the Arcade Operations segment faced significant headwinds due to the COVID-19 pandemic, resulting in a 22% decline in same-store sales and a sharp reduction in operating income.

Financially, the company maintained a strong position with a return on equity of 22.6% and an annual dividend of 71 yen per share. The balance sheet reflected a healthy increase in total assets to 163.7 billion yen, supported by growth in cash and accounts receivable. While the pandemic necessitated operational adjustments in physical retail locations, the company successfully leveraged its intellectual property through character licensing and online eSports initiatives to sustain overall performance. These results underscore the effectiveness of the company’s focus on digital distribution and the global expansion of its core gaming franchises.