Capcom’s operating income drops 38%, but Monster Hunter series hits 100 million sales

Stay Informed

Get Industry News In Your Inbox…

Sign Up Today

Capcom’s games catalogue has generated ¥58.5 billion ($380 million) in net sales over the first nine months of its fiscal year ending March 31st, 2025.

This marked a 28.1% decline in “digital contents” net sales year-on-year and a 38.2% decline in the segment’s operating income, down to ¥29.2 billion ($189.9 million) over the first nine months of the fiscal year.

Even so, Capcom’s latest financials have revealed that 94% of its total operating income for the year thus far has come from its video games. Meanwhile its arcade, amusement and “other business” efforts collectively contributed just 6% of operating income.

Hunting for new fans

On mobile, Capcom released a new match-3 mobile game, Monster Hunter Puzzles: Felyne Isles, during the current fiscal year and the game has achieved over one million downloads to date, according to the latest financial results.

Those financials again confirmed Capcom and Niantic’s geolocation game Monster Hunter Now has achieved over 15 million downloads, which it originally reached last April. This suggests downloads haven’t notably increased during the current fiscal year.

Even so, Monster Hunter Now has made over $250 million to date according to AppMagic estimates.

Meanwhile, the smaller mobile spinoff Felyne Isles’ genre presents an opportunity to reach casual mobile game fans who haven’t previously played a Monster Hunter title, fitting Capcom’s broader efforts to gain “wider recognition” of its IP and “acquire new fans”.

Furthermore, Felyne Isles and Monster Hunter Now are currently collaborating, encouraging players of one game to download the other. By completing a total of 15 quests in Felyne Isles, players can earn a redeem code for a unique Guild Card Background in Monster Hunter Now, enabling further customisation options.

Capcom’s mobile initiatives don’t end there, as the company also plans to release another mobile Monster Hunter game together with Tencent’s TiMi Studio. Titled Monster Hunter Outlanders, the mobile game promises to be a “fully featured” open-world game more akin to the main series.

Though, of course, Outlanders hasn’t yet contributed to Capcom’s mobile game earnings.

Monster share

Across Capcom’s various franchises, games on all platforms, and myriad endeavours like arcades and Pachislo machines, the company has generated ¥88.9 billion ($577.2 million) in net sales and ¥31 billion ($201.3 million) in operating income so far this fiscal year.

“Digital contents” have been responsible for the majority of those figures, contributing 66% of net sales and 94% of operating income.

This is likely to increase further after Monster Hunter Wilds’ release on PC and console this February, with Capcom forecasting ¥165 billion ($1.1 billion) in total net sales for the full fiscal year.

Anticipation for the next main series Monster Hunter game – nearly four years on from 2021’s Monster Hunter Rise – has “provided momentum” enough to push cumulative series sales beyond 100 million units.

Capcom noted that this has contributed to “enhanced brand value for Monster Hunter titles”.