Capcom Announces Revision of Consolidated Full-Year Business Forecast
Capcom Co., Ltd. (Capcom) has revised the full-year consolidated earnings forecast for the year ending March 31, 2020 (April 1, 2019 – March 31, 2020) that was announced on May 7, 2019, based on recent operational results. Details are as follows:
1. Revisions to consolidated forecast for fiscal year ending March 31, 2020
(April 1, 2019 to March 31, 2020)
|Net sales||Operating income||Ordinary income||Net income attributable to owners of the parent||Earnings per share
|Previous forecast (A)||85,000||20,000||19,500||14,000||131.15|
|Revised forecast (B)||80,000||22,000||22,000||15,500||145.20|
|Difference (B) – (A)||(5,000)||2,000||2,500||1,500||–|
Actual ended Mar. 31, 2019
2. Reason for the revision
In our outlook for our full-year consolidated earnings for the fiscal year ending March 31, 2020, we expect consolidated net sales to dip below those of our previous forecast, despite expected unit sales being on par with the previous year, due to promoting the shift from traditional physical packaged sales to digital download sales.
Regarding profitability however, we have successfully executed our digital strategy, leveraging our wealth of IP: In addition to Monster Hunter: World, released two years ago, high-margin catalog titles such as Resident Evil 2 and Devil May Cry 5, both released last fiscal year, have performed well, while other classic titles that enjoyed popularity in the past continued to boast resilient sales.
This, along with strong orders for Shin Onimusha Dawn of Dreams, a title from our Pachislo business that is scheduled for release in March of this year, has led us to expect to beat our initial plan.
As a result, we expect operating income, ordinary income and net income attributable to owners of the parent to all exceed our previous forecast.
At present there have been no changes to our dividend forecast in relation to the revisions to our full-year consolidated business forecast.
* This forecast is based on information that was available on the announcement date of this release.
Actual results may differ from this forecast for a number of reasons.