Capcom shares approach highest price since listing in anticipation of Monster Hunter Wilds

Capcom rebounded on the Tokyo Stock Exchange on January 30. The company rose by 5.70% to 3,629 yen, almost approaching its all-time highest price since listing (3,649 yen, which it recorded on November 15 last year). 

Buying was stimulated by Capcom’s nine-month consolidated earnings report for the 2024 fiscal year, which was published after trading ended on the previous day. Despite the company reporting a significant drop in sales and revenue in its video game sector, investors noticed that the decrease in profit has slowed during the last quarter (October to December 2024), taking this as a sign that the company has bottomed out (source: Toyo Keizai). 

In addition, buyers have high expectations of Monster Hunter Wilds, which Capcom will launch on February 28. Thanks to this flagship release in the fourth quarter, it is believed that Capcom is highly likely to attain its profit targets for the full year (source: GameBiz). If the developer fulfills its annual plan for the 2024 fiscal year, this will be its 13th consecutive year of growth (in operating profit).