Capcom revenue declines 48% to $184m for Q1 2022
The quarter saw the publisher's digital contents business also decrease 55% to $146 million while Monster Hunter Rise continues to sell
Capcom has released its financial results for Q1 2022, covering the three month period ending in June 30, reporting a year-over-year decrease in revenue and operating income.
The firm reported net sales of ¥25.2 billion ($184 million), a 48% decline during the same period of the previous year.
Operating income dropped by 49% year-over-year, coming in at ¥12 billion ($87.6 million).
For Capcom's digital contents segment -- which covers its video game output -- the firm reported a 55% decrease in sales to ¥20 billion ($146 million).
The firm attributed its sales drop to a tough comparison against last year's Q1 lineup which saw the release of Resident Evil Village but pointed to strong performances from the Monster Hunter franchise.
Monster Hunter Rise: Sunbreak, the newest expansion, has sold two million units. Whereas Rise, to date has reached ten million units sold globally.
Looking ahead, the company reiterated its forecast for the full fiscal year.
Capcom expects net sales of ¥120 billion ($876 million), which would be a six-year record high.
Operating income is forecast to be ¥48 billion ($350.5 million), which would mark ten years of consecutive operating income growth.