Capcom reports record profits, driven by Resident Evil Village and digital sales

Capcom has posted record first quarter profits, driven by Resident Evil Village’s successful launch and digital sales growth.

For the three months ended June 30, 2021, the company’s net sales and profits more than doubled compared to the same period a year earlier.

Net sales were up 104.1% to 48.4 billion yen ($440 million), operating income was up 120.4% to 23.6 billion yen ($214.8 million), and net income rose 121.9% to 17.3 billion yen ($157.5 million).

“This quarter, Capcom’s core Digital Contents business drove business results through its continued pursuit of digital sales growth, including with a major new release in its flagship series Resident Evil Village and sales of catalog titles such as Monster Hunter Rise,” the company said.

Capcom sold 13.3 million games during the first quarter, which was up 44.6% year-over-year, including 4.5 million copies of Resident Evil Village, which released on May 7.

“As a result, Capcom achieved its highest net sales as well as highest levels of all profit items for a first quarter,” it said.

In May, Capcom reported its eighth consecutive year of operating income growth and its fourth consecutive year of record profits, driven by sales of Monster Hunter Rise, which has now shipped over seven million units, and catalogue sales of Resident Evil and Monster Hunter: World.

Capcom has said it hopes Village will surpass Resident Evil 7’s 8.5 million sales to become the best-selling individual title in the series.

“Our main ambition for this year, although there’s so much going on at the same time, is to make sure Resident Evil: Village will be the best-performing Resident Evil title, both in terms of quality as well as business,” Capcom’s EMEA marketing director Antoine Molant told  GamesIndustry.biz in March.

VGC’s Resident Evil Village review calls the game “a deliciously hammy hybrid of past glories, with some real series highs”.