Capcom Fiscal Year 2024 Securities Report

Capcom achieved its 11th consecutive year of operating profit growth in fiscal year 2024, reinforcing its position as a leader in the global digital entertainment sector. The company reported net sales of 152.4 billion yen and an operating profit of 57.1 billion yen, representing a 21.0% and 12.3% increase respectively. This sustained financial momentum is primarily attributed to the successful global launch of major titles such as Street Fighter 6 and Dragon’s Dogma 2, alongside a robust strategy of leveraging back-catalog titles through digital distribution. The company’s "One Content, Multi-Use" strategy continues to drive value across its digital, amusement, and licensing segments.

The organization maintains a strong balance sheet with a net cash balance of 117.97 billion yen and total assets reaching 245.8 billion yen. Financial stability is supported by conservative accounting practices, particularly regarding the capitalization and valuation of game software development costs, which are rigorously monitored for profitability. To ensure long-term growth and shareholder value, Capcom has implemented a 2-for-1 stock split and maintains a consistent dividend payout ratio of 33.7%. Management remains committed to a 10% annual increase in operating profit, supported by significant investments in human capital, including aggressive recruitment and enhanced diversity initiatives.

Corporate governance remains a cornerstone of the company’s operational framework. Capcom utilizes an Audit and Supervisory Committee structure, bolstered by a Nomination and Remuneration Committee that ensures objective executive compensation through performance-linked metrics and clawback provisions. With a board composition featuring a majority of independent outside directors and a clear separation between management and business execution, the company prioritizes transparency and risk management. These governance efforts, combined with a focus on environmental sustainability and information security, provide a stable foundation for Capcom’s ongoing global expansion and commitment to increasing corporate value.