I knew Capcom was doing pretty well, but the stock price is soaring.

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I knew Capcom was doing pretty well, but the stock price is soaring.

Capcom's rapid success over the past few years has been hard to ignore, and its repeated strong performance has been reflected in the stock market. According to industry consultant Dr. Serkan Toto (opens in new tab), Capcom's share price hit an all-time high of 4,865 yen ($36.74) per share on April 3.

A March 23 analysis by Seeking Alpha (opens in new tab) (users may encounter a paywall) predicts that the release of the Resident Evil 4 remake is a harbinger of good things to come for the company and that the 2021 Resident Evil Pointing to the game's high valuation compared to Village, Seeking Alpha predicts sales of the highly anticipated remake will exceed 10 million units in the next 12 months and encourages readers to invest in the stock (perhaps too late now, asshole).

These are great times for Capcom, all the more impressive considering where the publisher was just a decade ago. Street Fighter" was still dominating the fighting game world, while "Resident Evil 7: Resident Evil" was floundering and had not reached the high standards of "Resident Evil 4. Monster Hunter was a reliable seller in Japan, but suffered from the Dragon Quest curse in the West, and Devil May Cry, the latest controversial reboot/spin-off from British developer Ninja Theory, was floundering.

The arrival of "Resident Evil 7" in 2017 signaled a turnaround in Capcom's fortunes, and the following year's "Monster Hunter: World" finally brought the series significant success in the West. Since then, the "Resident Evil 2" remake, "Devil May Cry 5," and "Monster Hunter Rises" have been critical and commercial successes, with the sole exception of the "Resident Evil 3" remake in 2020 (opens in new tab).

Capcom's success stands out even more when compared to the trends of other major third-party publishers, Japanese or otherwise. Konami appears financially sound, but has taken a major turn away from game development, and Square Enix's consistently excellent games have languished due to poor PC ports and inexplicable commitments (open in new tab) by company executives to crypto and NFT; EA last year, rumored to be looking for a takeover (open in new tab), and Ubisoft (open in new tab) was forced to cancel the game in January as its stock price plummeted. In the midst of such a flurry of large companies in the doldrums, Capcom is fighting the good fight.

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