Net sales for the financial year ending March 31st, 2019 were down by 18.4 per cent at Japanese publishing giant Capcom.
In the firm's report for the 2019/20 fiscal year, the company posted net sales of ¥81.6bn ($790.9m), while operating income rose 25.8 per cent to ¥22.8bn ($212.6m). The company's games business saw a 27.8 per cent decline in net sales year-on-year, bringing in ¥59.9bn ($558.6m) for the year, but operating income and margin were up by 3.6 per cent and 12.2 per cent respectively.
The performance of Capcom's games arm was driven by sales of the Monster Hunter World: Iceborne DLC, alongside continued sales of catalogue titles such as 2019's Resident Evil 2 and Devil May Cry 5. The company says that the decline in games net sales is due to a higher percentage of digital sales – though we're not sure how that works given that games tend to cost more online and have lower overheads.
Capcom recently released a remake of Resident Evil 3 and shipped two million copies in the title's first five days on the market. There are also reports of a Resident Evil 4 remake that's set to launch in 2022, while Resident Evil 8 is apparently slated to release in 2021.