Capcom has revealed that its sales have dropped nearly 50% during the first quarter of Fiscal Year 2024 compared to the same time last year. Specifically, sales have fallen roughly 44% to $138 million
Despite the sales being down significantly, the company did have increases in other areas of business. Capcom’s Arcade Operations and Amusement Equipment business saw increases of 18.1% and 147.2%, respectively.
That brought the consolidated sales for the first quarter to roughly $192 million, down just 32.5% year over year.
“Regarding business conditions during the three months ended June 30, 2024, in addition to the release of past titles on additional platforms, sales were dominated by catalog sales of major titles released in previous fiscal years in the core Digital Contents business due to the timing of new title sales in the fiscal year under review being weighted to the second half of the fiscal year,” the company said of the sales drop off.
Overall, Capcom doesn’t seem too worried about its first quarter sales or the overall the state of things as games such as Marvel vs. Capcom Fighting Collection: Arcade Classics, Dead Rising Deluxe Remaster, Ace Attorney Investigations Collection, and more are all set to launch later this year.
There is also the big new Monster Hunter Wilds set to release in 2025.
For the whole year, Capcom believes it will reach a net sales amount of $1.07 billion for fiscal year 2025, which ends March 31, 2025.
Editors Note: We mistakenly posted that it was Fiscal Year 2025. It is, in fact, FY 2024. The story has been ammended
For more Insider Gaming, read about the price cut Sony has given the PSVR 2 headset.
I thought they said it was booming?
I mean, with no new major titles coming out, outside of sf6 which came out last year, it’s about what I’d expect. All major sellers are 4th quarter releases and 1st quarter next year.
No they promised last year to have a big boost in sales for the first half of the year leading people to think a big title was coming that was not the case. Shareholders will be mad.
They have no big games for Q4 and can’t compete with the annual sports titles. Capcom is in for a rude awakening.
The period from April 2024 to March 2025 IS FY25, not FY24. You had it right the first time.
Capcom lied to shareholders then they projected a huge boost from a unannounced title which never happened I expect lawsuits would follow
Monster Hunter Wilds won’t sell like they want it won’t rival World or Ryse it will underperform and Street Fighter 6 isn’t performing well no one bought into that TMNT costume garbage and the SNK characters won’t move units like that. Capcom set expectations way too high. Then there’s the Marvel collection you can guarantee that Disney didn’t give them the licenses for cheap so that probably cost a lot and won’t make back the money needed. Dead Rising remake isn’t what fans wanted, Path Of The Goddess seems to be a flop, and there’s no Resident Evil game coming in the next few years or Devil May Cry. Capcom is going to have to be sold off my guess Saudi Arabia.