Capcom Raises Earnings Outlook Thanks To Dragon's Dogma 2, Street Fighter 6
Portfolio Pulse from Franca Quarneti
Capcom ADR (OTC:CCOEY) has raised its full-year earnings forecast due to the success of Dragon's Dogma 2 and Street Fighter 6, increasing the net income forecast from ¥40 million to ¥43.3 million. The dividend forecast is set at ¥70 per share. Despite a turbulent launch for Dragon's Dogma 2, it sold 2.2 million units by early April 2024. Capcom also plans to increase starting salaries for new graduates in Fiscal Year 2025 and will make a special payment to employees in fiscal year 2024. Capcom's stock is currently up 1.83% at $8.34.
April 25, 2024 | 6:04 pm
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Capcom raises its full-year earnings forecast and dividend per share due to the success of Dragon's Dogma 2 and Street Fighter 6, alongside plans for employee special payments and salary increases.
The positive revision in Capcom's earnings forecast, driven by successful game titles and an optimistic outlook on employee investment, indicates a strong performance and future growth potential. This news is likely to be viewed positively by investors, contributing to a potential increase in stock price in the short term.
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