{"id":9668,"date":"2021-10-13T01:54:36","date_gmt":"2021-10-12T16:54:36","guid":{"rendered":"https:\/\/www.capcom.co.jp\/ir\/?page_id=9668"},"modified":"2021-11-08T16:23:35","modified_gmt":"2021-11-08T07:23:35","slug":"finance","status":"publish","type":"page","link":"https:\/\/www.capcom.co.jp\/ir\/english\/data\/oar\/2017\/know\/finance.html","title":{"rendered":"Financial and Non-Financial Highlights"},"content":{"rendered":"\n<link rel=\"stylesheet\" href=\"\/ir\/assets\/css\/oar\/2017\/know\/unique.css\">\n<link rel=\"stylesheet\" href=\"\/ir\/english\/assets\/css\/oar\/2017\/know\/unique.css\">\n<div class=\"oarBnWrapper\">\n\t<div class=\"oarBnBody\">\n\n<div class=\"fixedHeader\">\n\t<section class=\"fixedTop\">\n\t\t<div class=\"container\">\n\t\t<h1><a href=\"\/ir\/english\/data\/oar\/2017.html\"><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/img_title01.png\" alt=\"ONLINE INTEGRATED REPORT 2017\"><\/a><\/h1>\n\n\t\t<div class=\"ticker\">\n\t\t<img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/img_title02.png\" alt=\"Leading World Creators\">\n\t\t<\/div><!--\/\/ticker-->\n\n\t\t<\/div><!--\/\/container-->\n\t<\/section>\t<!--\/\/section-->\n\n\t<section class=\"globalnav\">\n\n\t<ul>\n\t<li><span class=\"openPopup\">Get to Know <br>Capcom<\/span>\n\t<div class=\"navPopup\">\n\t<div class=\"container\">\n\t<nav>\n\t\t<div class=\"unit\">\n\t\t\t<h2><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/Menu\/title_know.png\" alt=\"Get to Know Capcom\"><\/h2>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/know\/business.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/know_01.jpg\"><br>Business Model<\/a><\/li>   \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/know\/strength01.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/know_04.jpg\"><br>Capcom Strengths<\/a><\/li>     \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/know\/history.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/know_02.jpg\"><br>Capcom History<\/a><\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\t<\/nav>\n\n\t<nav>\n\t\t<div class=\"unit\">\n\t\t<ul> \n\t\t\t<li>&nbsp;<\/li> \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul> \n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/know\/finance.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/know_05.jpg\"><br>Financial and <br>Non-Financial Highlight<\/a><\/li> \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t <ul> \n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/know\/esg.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/know_03.jpg\"><br>ESG Digest<\/a><\/li> \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t <ul> \n\t\t\t<li>&nbsp;<\/li> \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\t<\/nav>\n\t<!--div class=\"banners\">\n\t<ul>\n\t\t<li><a href=\"#\"><img decoding=\"async\" src=\"images\/banner_02.png\" alt=\"\"><\/a><\/li>\n\t<\/ul>\n\t<\/div--><!--\/\/banners-->\n\n\t<\/div><!--\/\/container-->\n\t<\/div><!--\/\/navPopup-->\n\t<\/li>\n\n\n\n\n\t<li><span class=\"openPopup\">Management <br>Strategy<\/span>\n\t<div class=\"navPopup\">\n\t<div class=\"container\">\n\t<nav>\n\t\t<div class=\"unit\">\n\t\t\t<h2><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/Menu\/title_management.png\" alt=\"Management Strategy\"><\/h2>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/management\/ceo.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/management_01.jpg\"><br>CEO Commitment<\/a><\/li>        \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/management\/coo.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/management_02.jpg\"><br>The COO&#8217;s Discussion of<br>Growth Strategies<\/a><\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/management\/devtop.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/management_03.jpg\"><br>The Head of Development Discusses Development Policies and Foundation Building<\/a><\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\t<\/nav>\n\n\t<nav>\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t<li>&nbsp;<\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/management\/cfo.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/management_04.jpg\"><br>Financial Strategy According to the CFO<\/a><\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t<li>&nbsp;<\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t<li>&nbsp;<\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t<\/nav>\n\n\n\n\t<!--div class=\"banners\">\n\t<ul>\n\t\t<li><a href=\"#\"><img decoding=\"async\" src=\"images\/banner_02.png\" alt=\"\"><\/a><\/li>\n\t<\/ul>\n\t<\/div--><!--\/\/banners-->\n\n\t<\/div><!--\/\/container-->\n\t<\/div><!--\/\/navPopup-->\n\t<\/li>\n\n\n\n\n\t<li><span class=\"openPopup\">Business Activity <br>Achievements<\/span>\n\t<div class=\"navPopup\">\n\t<div class=\"container\">\n\t<nav>\n\t\t<div class=\"unit\">\n\t\t\t<h2><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/Menu\/title_segments.png\" alt=\"Business Activity Achievements\"><\/h2>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/segments.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/segments_01.jpg\"><br>Business Segments Highlights <\/a><\/li>  \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/segments\/digital.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/segments_02.jpg\"><br>Digital Contents<\/a><\/li>  \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/segments\/am.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/segments_03.jpg\"><br>Arcade Operations<\/a><\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t<\/nav>\n\n\t<nav>\n\t\t<div class=\"unit\">\n\t\t <ul>\n\t\t <li><a href=\"\/ir\/english\/data\/oar\/2017\/segments\/eq.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/segments_04.jpg\"><br>Amusement Equipments<\/a><\/li>\n\t\t  <\/ul> \n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/segments\/other.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/segments_05.jpg\"><br>Other Businesses<\/a><\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t&nbsp;\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t&nbsp;\n\t\t<\/div><!--\/\/unit-->\n\t<\/nav>\n\n\n\n\n\t<!--div class=\"banners\">\n\t<ul>\n\t\t<li><a href=\"#\"><img decoding=\"async\" src=\"images\/banner_02.png\" alt=\"\"><\/a><\/li>\n\t<\/ul>\n\t<\/div--><!--\/\/banners-->\n\n\t<\/div><!--\/\/container-->\n\t<\/div><!--\/\/navPopup-->\n\t<\/li>\n\n\n\n\n\t<li><span class=\"openPopup\">ESG-based Value <br>Creation<\/span>\n\t<div class=\"navPopup\">\n\t<div class=\"container\">\n\t<nav>\n\t\t<div class=\"unit\">\n\t\t\t<h2><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/Menu\/title_esg.png\" alt=\"ESG-based Value Creation\"><\/h2>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/esg.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/esg_01.jpg\"><br>\n\t\t\t  ESG-based Value Creation\/ <br>Sustainable Development Goals (SDGs)<\/a><\/li>        \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/esg\/environmental.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/esg_02.jpg\"><br>Environmental<\/a><\/li>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/esg\/social.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/esg_03.jpg\"><br>Social<\/a><\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/esg\/governance.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/esg_04.jpg\"><br>Corporate Governance<\/a>\n\t\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/esg\/governance.html\">Directors<\/a><\/li>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/esg\/brd_mtg.html\">Principal Discussions at Board of Directors Meetings Held in Fiscal 2016<\/a><\/li>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/esg\/features.html\">Features of Capcom Corporate Governance<\/a><\/li>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/esg\/system.html\">Corporate Governance Structure and Initiatives<\/a><\/li>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/esg\/risk.html\">Risk Management<\/a><\/li>\n\t\t\t<\/ul>\n\t\t<\/li>\n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\t<\/nav>\n\n\t<!--div class=\"banners\">\n\t<ul>\n\t\t<li><a href=\"#\"><img decoding=\"async\" src=\"images\/banner_02.png\" alt=\"\"><\/a><\/li>\n\t<\/ul>\n\t<\/div--><!--\/\/banners-->\n\n\t<\/div><!--\/\/container-->\n\t<\/div><!--\/\/navPopup-->\n\t<\/li>\n\n\n\n\t<li><span class=\"openPopup\">Financial Data<\/span>\n\n\t<div class=\"navPopup\">\n\t<div class=\"container\">\n\t<nav>\n\t\t<div class=\"unit\">\n\t\t\t<h2><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/Menu\/title_finance.png\" alt=\"Financial Data\"><\/h2>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/finance\/market.html\"><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/Menu\/finance_01.jpg\"><br>An Analysis of the Market and Capcom<\/a><\/li>   \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\n\t\t<div class=\"unit\">\n\t\t<ul>\n\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2017\/finance\/generator.html\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/data\/oar\/2017\/Menu\/finance_02.jpg\"><br>Chart Generator<\/a><\/li>     \n\t\t<\/ul>\n\t\t<\/div><!--\/\/unit-->\n\t<\/nav>\n\t<\/div><!--\/\/container-->\n\t<\/div><!--\/\/navPopup-->\n\n\n\t<\/li>\n\t<\/ul>\t\n\n\t<\/section>\t<!--\/\/section-->\n<\/div><!--\/\/fixedHeader-->\n<div id=\"hideGnav\"><\/div>\n                    \n<main id=\"rs_read\" class=\"oarMain\">\n<div class=\"message_past\">\r\n\t<p class=\"ms\"><a href=\"\/ir\/english\/data\/oar\/2025.html\">Latest version is available on the \"Online Integrated Report 2025\" top page.<\/a><\/p>\r\n<\/div>\n\n<div class=\"fullBox mT35\">\n\n<div class=\"container\">\n<div class=\"nav_str\">\n<ul class=\"anchor\">\n<li><a href=\"#\">Financial Highlight<\/a><\/li>\n<li><a href=\"finance02.html\" class=\"passivbtn\">Non-Financial Highlight<\/a><\/li>\n<\/ul>\n<\/div><!--\/\/nav_str-->\n<\/div><!--container-->\n\n\n\n<div class=\"container\">\n<h2 class=\"oar_h2Style mT35\">Financial Highlight<\/h2>\n\n<div class=\"graph\">\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_t01.png\" alt=\"Operating Income (Millions of yen): 13,650 million yen, 13.5\uff05UP\"><\/p>\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_g01.png\" alt=\"chart: Operating Income\"><\/p>\n<\/div><!--\/\/graph-->\n\n<div class=\"graph\">\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/finance_t02.png\" alt=\"Operating Margins (%) 15.7%, 0.1point UP\"><\/p>\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_g02.png\" alt=\"chart: Operating Margins\"><\/p>\n<\/div><!--\/\/graph-->\n\n<p class=\"p finance\">In line with structural reforms conducted in the fiscal year ended March 2004, operating income increased steadily until the fiscal year ended March 2009. In the fiscal year ended March 2010, the postponed release of major titles and the failure of some titles to meet sales targets overseas resulted in a temporary decline in income. In the fiscal year ended March 2011, we promoted profit structure reforms aimed at more efficient development investment. We promoted business restructuring by transitioning to in-house production and strengthened our digital download strategy in response to rapid changes in the market beginning in the fiscal year ended March 2013. As a result, operating income and operating margins underperformed until the fiscal year ended March 2014 while these reforms were implemented. <strong class=\"ymarker\">However, since the fiscal year ended March 2014, operating income has increased for four consecutive fiscal years thanks to growth of the Consumer and Amusement Equipments businesses. Further, since the fiscal year ended March 2015, the operating margin has remained at approximately 16%.<\/strong><\/p>\n\n\n<div class=\"graph\">\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_t03.png\" alt=\"Net Sales (Millions of yen 87,170 million yen\u300013.2% UP\"><\/p>\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_g03.png\" alt=\"chart: Net Sals\"><\/p>\n<\/div><!--\/\/graph-->\n\n<p class=\"p finance\">In the fiscal years ended March 2010 and March 2012, net sales declined due to the postponed release of titles. However, the promotion of structural reforms in the Consumer business resulted in Capcom achieving net sales of 100 billion yen in the fiscal year ended March 2014 for the first time. Although net sales decreased significantly in the fiscal year ended March 2015 due to a decline in pachislo machine releases, <strong class=\"ymarker\"> the steady release of major titles from the Consumer business since the fiscal year ended March 2016 has resulted in an increase in net sales for two consecutive fiscal years.<\/strong><\/p>\n\n\n\n<div class=\"graph\">\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_t04.png\" alt=\"Capital Investments Costs (Millions of yen) 2,622 million yen, 55.8\uff05 DOWN\"><\/p>\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_g04.png\" alt=\"chart: Capital Investments Costs\"><\/p>\n<\/div><!--\/\/graph-->\n\n<p class=\"p finance\">Capcom&#8217;s capital investment is mainly used to (1) purchase development equipment, (2) expand business offices in Japan and overseas and (3) open new amusement arcades. The main factor behind the increase in capital investment in the fiscal years ended March 2007, March 2008 and March 2013 was development environment improvements in line with the transition to next generation game consoles in the Consumer area. <strong class=\"ymarker\">In the fiscal years ended March 2015 and March 2016, capital investments increased substantially in line with an increase in development employees required to expand our title lineup and the construction of two new development buildings.<\/strong><\/p>\n\n\n\n\n<div class=\"graph\">\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_t05.png\" alt=\"Net Income Attributable to Owners of the Parent (Millions of yen\uff098,879 million yen 14.6% UP\"><\/p>\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_g05.png\" alt=\"Chart: Net Income Attributable to Owners of the Parent\"><\/p>\n<\/div><!--\/\/graph-->\n\n<p class=\"p finance\">Performance was sluggish in the fiscal years ended in March 2010, 2013 and 2014, as (1) a complete overhaul to the Amusement Equipments&#8217; underperforming profit structure, (2) development structure revisions in line with enhanced digital downloads in the Consumer business and (3) strengthened Mobile Contents business management capabilities in line with development organization integration resulted in the recognition of special losses on restructuring and business restructuring expenses. <strong class=\"ymarker\">From the fiscal year ended March 2015, income increased four years in a row due to the benefits realized from development organization reforms.<\/strong><\/p>\n\n\n\n\n<div class=\"graph\">\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_t06.png\" alt=\"Dividend per Share\/Dividend Payout Ratio  Dividend per Share (Yen) 50.0 yen, 25.0% UP\/\u3000Dividend Payout Ratio (%) 31.2%, 2.2point UP\"><\/p>\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_g06.png\" alt=\"Chart: Dividend per Share\/ Dividend Payout Ratio\"><\/p>\n<\/div><!--\/\/graph-->\n\n<p class=\"p finance\">In the fiscal year ended March 2007, the annual dividend was raised to 30 yen thanks to the stable revenue base brought about by structural reforms. Moreover, from the fiscal year ended March 2009, the annual dividend was increased to 35 yen, and again up to 40 yen beginning in the fiscal year ended March 2011. <strong class=\"ymarker\">In the fiscal year ended March 2017, it was raised again to 50 yen to clearly show shareholders that our basic shareholder return policy is to maintain a consolidated payout ratio of 30%.<\/strong><\/p>\n\n\n\n\n\n<div class=\"graph\">\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_t07.png\" alt=\"R&#038;D Investment Costs\/Internal R&#038;D Ratio  R&#038;D Investment Costs (Millions of yen)27,720 million yen, 1.7% UP\/ Internal R&#038;D Ratio (%) 74.7%, 4.8 point UP\"><\/p>\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_g07.png\" alt=\"Chart: R&#038;D Investment Costs\/Internal R&#038;D Ratio\"><\/p>\n<\/div><!--\/\/graph-->\n\n<p class=\"p finance\">At Capcom, we believe the generation of creative and original content is the source of corporate growth, thus 80% or more of our annual development investments are allocated to the Digital Contents business. Recently in the Consumer segment, development costs have been trending higher in line with increasingly high-performance hardware, but we have been able to streamline development through increased employee utilization rates. Due to expanding our lineup, costs have increased significantly since the fiscal year ended March 2008; however, <strong class=\"ymarker\">we expect them to remain around 30 billion yen going forward.<\/strong><\/p>\n\n\n\n<div class=\"graph\">\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_t08.png\" alt=\"Return on Equity (ROE)(%) 11.6% 1.0 point UP\"><\/p>\n<p><img decoding=\"async\" src=\"\/ir\/english\/assets\/images\/data\/oar\/2017\/know\/img_finance_g08.png\" alt=\"Chart: Return on Equity (ROE) \"><\/p>\n<\/div><!--\/\/graph-->\n\n<p class=\"p finance\">Although net assets increased between the fiscal years ended March 2007 and March 2009, stable net income resulted in ROE of around 14%. In the fiscal years ended in March 2010, 2013 and 2014, this figure declined due to decreases in net income from the recognition of special losses on restructuring and business restructuring expenses.  <strong class=\"ymarker\">From the fiscal year ended March 2015, ROE has once again been on the rise on the elimination of special losses and improved profitability.<\/strong><\/p>\n\n\n<\/div><!--\/\/container-->\n<\/div><!--\/\/fullBox-->   \n\n\n\n<div class=\"container mT25\">\n\n<section>\n<div class=\"pdfDownload\">\n<h3>PDF download<\/h3>\n<ul>\n<li>\n<h4>Get to Know Capcom <span>(PDF: 4.3MB\/17 pages)<\/span><\/h4>\n<p><a href=\"\/ir\/english\/data\/pdf\/annual\/2017\/annual_2017_02.pdf\" target=\"_blank\" rel=\"noopener\">DOWNLOAD<\/a><\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/section>\n\n\n\n\n<section class=\"related\">\n\n<h4 class=\"relatedLink mT25\">Related Page<\/h4>\n\n<div class=\"relatedLink c01\">\n<div class=\"cont c01s\">\n<ul>\n<li class=\"mB0 nowindow\"><a href=\"\/ir\/english\/data\/pdf\/annual\/2017\/annual_2017_07.pdf\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"\/ir\/assets\/images\/cms_contents\/ico_pdf.svg\" width=\"15\"> 11-Year Summary of Consolidated Financial Indicators\uff08PDF: 700KB\/ 15pages\uff09 (Financial and Corporate Data)<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div><!--\/\/relatedLink-->\n\n<\/section>\n\n<\/div><!--\/\/container-2-->\n\n<\/main>\n                    \n    <div class=\"f_bknumber\">\r\n        <div class=\"box clearfix\">\r\n            <p>Online Integrated Report Archives<\/p>\r\n            <ul class=\"mT10\">\r\n\t\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2025.html\" target=\"_blank\">2025<\/a><\/li>\r\n\t\t\t\t<li><a href=\"\/ir\/english\/data\/oar\/2024.html\" target=\"_blank\">2024<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2023.html\" target=\"_blank\">2023<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2022.html\" target=\"_blank\">2022<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2021.html\" target=\"_blank\">2021<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2020.html\" target=\"_blank\">2020<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2019.html\" target=\"_blank\">2019<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2018.html\" target=\"_blank\">2018<\/a><\/li>\r\n                <li><a href=\"\/ir\/english\/data\/oar\/2017.html\" target=\"_blank\">2017<\/a><\/li>\r\n            <\/ul>\r\n        <\/div>\r\n        <!--\/\/box-->\r\n    <\/div>\n\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Get to Know Capcom Business Model Capcom Strengths Capcom History &nbsp; Financial and Non-Financial Highlight [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":9656,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template\/other_onecol.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-9668","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"lang":"english","translations":{"english":9668,"ja":6554},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/9668"}],"collection":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/comments?post=9668"}],"version-history":[{"count":9,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/9668\/revisions"}],"predecessor-version":[{"id":11601,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/9668\/revisions\/11601"}],"up":[{"embeddable":true,"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/pages\/9656"}],"wp:attachment":[{"href":"https:\/\/www.capcom.co.jp\/ir\/wp-json\/wp\/v2\/media?parent=9668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}