Capcom has record Q1 performance despite poor Resident Evil 3 sales

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Capcom recently published a press release featuring sales figures for Q1 of the current fiscal year, announcing that it has made record sales despite the relatively poor performance of Resident Evil 3.

The press release is based on the first quarter of the fiscal year ending March 31, 2021, meaning that it pertains to the three months between the end of the last fiscal year (March 31, 2020) and the end of the first quarter for this year (June 30, 2020).

“Net sales and all profit items hit record levels for a first quarter, driven by major new title release and digital sales growth,” reads the press release. For context, net sales for the first quarter of the 2020 fiscal year as of June 30, 2019 were 17.9 million yen. One year later, that figure has skyrocketed to 23.7 million yen, indicating a whopping 32.2% increase.



Despite making record sales, however, arcade operations alone were down 56.3%.

“In this business, stores were forced to close temporarily due to the impact of COVID-19,” reads the press release. “Although they subsequently resumed operation, their performance did not recover to normal levels, and they posted a significant decrease in both sales and profits.”


As a result, sales were primarily driven by digital contents, which went up from just shy of 14 million yen to 21.5 million yen, marking a massive 53.7% increase. This comes as no surprise given that approximately 80% of Capcom’s game sales are digital.

Capcom says this was helped by the fact that Resident Evil 3 “deliver[ed] solid sales,” but it’s important to note that Resident Evil 3 paled in comparison to Resident Evil 2 and Resident Evil 7.

Resident Evil 3 sold approximately 2.7 million copies in three months, but Resident Evil 7 shipped 3.5 million in just five weeks, whereas Resident Evil 2 sold 4.2 million copies in the same time window. However, these games launched in January of 2017 and 2019, respectively, meaning that sales were tied to Q4 of the relevant fiscal years as opposed to Resident Evil 3, which launched in April of this year, i.e. Q1 of the fiscal year ending March 31, 2021.

The press release also mentions that Monster Hunter: Iceborne played a significant role in reaching record sales figures for Q1.



Posted:
Related Forum: Gaming Discussion

Source: https://www.vg247.com/2020/08/03/capcom-sales-resident-evil-3/

Comments

"Capcom has record Q1 performance despite poor Resident Evil 3 sales" :: Login/Create an Account :: 5 comments

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RyanPosted:

CtrlAltDelete Sucks that Covid has hurt so many companies and slowed down operations on so many great games


I am not sure whether corona would have impacted RE3, game would have been fully developed by the time the pandemic slammed the brakes on the world.

RyanPosted:

RE3 is awesome, I still jump on from time to time when I get bored of current games I am playing.

PutridPosted:

56.3% drop.. Wow! This virus is truly devastating everything.

DanielPosted:

COVID has delayed many companies from releasing their games or even news but this won't be forever this will all be on track again soon and release dates will be set and the games will be out on that date without any releases. For some companies they could be doing well with no problems then something like this comes along and ruins everything they have worked for and may even go into admin because of this pathetic virus and its not right.

0101010101010101Posted:

Sucks that Covid has hurt so many companies and slowed down operations on so many great games