The title of this post is really self-evident, but sometimes its good to check some other invest relations information outside Nintendo. For whatever reason, I always go for Capcom’s. Too bad their latest Shareholders Q&A summary is very short, but there are points on interest.
The current state of Capcom is rather hard to estimate. Originally, they went from an arcade game provider to console game developer, with healthy licensing of their games to PC markets. For example, Ghost ‘n Goblins exist on pretty much every platform of its era, from Amstrad CPC to C64. Capcom has dropped the arcade side almost altogether due to their niche nature. They’re more or less the posterboy of a generic electronic games company at the moment, developing and publishing games across the platforms. This has been their modus operandi for some twenty years now, roughly speaking. However, it must be emphasized that Capcom still considers arcades as one of their main line of business, it being the first thing mentioned in their Company profile video, though for Japan only in form of Plaza Capcom arcade centers.
Fun fact; Capcom still producers PCBs for multiple companies to use in arcade games, pachinko and pachislot machines.
Again, all this is self-evident, as is Capcom’s lip-service that functionality and specifications of each platform differs. Nowadays only Nintendo platform/s have any special specification to it. Modern platforms can be counted with one hand anyway. It’s first a strange answer to a question how will Capcom think the ratio of sales per platform, but it’s not all that different from all other third party companies; one title, multiple platforms. Nothing new on this front, but is also means specialisation per platforms will be nil. Effectively, Capcom’s playing it safe.
Street Fighter will continue as Capcom esports flagship title in the future, for better or worse. They don’t specify Street Fighter V but the series in general. This rarely means anything special, but understanding how SFV has not been the most popular piece, there might be some motion to push the sixth entry into the series at some point SFV has run out of its steam. While SFIV was run in iterations, SFV was split into seasons and updates came to one title. This has cut costs, though it did backfire harshly, with the initial release extremely bare bones and online multiplayer was effectively the only thing going for it. An arcade mode for a game like this, which is effectively bred and born in the arcade halls, really needs to be closer to those roots in all respects than PC or console market demands. This approach has proven to make sales, and continues to make sales.
Capcom mentioning Monster Hunter specifically in the same breath gives a strong hint that the inside-view of the what esports can be split into two; the tournament community and online multiplayer. Effectively, SFV’s esport scene outside tournaments exists on the online multiplayer, and its by all means the same as any other multiplayer. Pointing this out seems like something self-evident again, but stopping for a moment and pondering that esports is effectively a step away from any sort of multiplayer must be made. Before the concept of esports, competitive playing was more than enough to encompass the same thing. However, for whatever reason competitive playing wasn’t enough and a more marketable term was coined. Esports, after all, is about the money it can generate rather than the competition itself. Just like sports in general.
This idea continues with the Switch question. The investors clearly would like to see more games on the Switch due to its sales, while Capcom itself would like to push for more esports, ie. competitive multiplayer games.
It is clear that Capcom wants to push Monster Hunter here, despite it being rather poor example for competitive gaming. However, its sales and the amount of players it has online exceeds pretty much everything similar Capcom has done, effectively making the example Capcom wants to push. Of course, it doesn’t fit the bill all that well, but it fits well enough when you consider the meaning behind either competitive or esports; the multiplayer aspect. People have a skill to make anything into a competition, and even co-op game like Monster Hunter is viewed in this light with hunting times, style and such. Competitive Monster Hunter wouldn’t be in the spirit of the franchise, though an asymmetric gameplay mode, where one of the players would control a major monster, would be an interesting idea, but in practice would probably yield less than optimum game session.
Effectively, Capcom’s future aim seems to be more online multiplayer, be it disguised as esports or not. Without a doubt this means social game on mobile devices and expanding on the online multiplayer aspects wherever possible. Online multiplayer is an old concept by now, but considering how many Capcom games ultimately lack one, it just might be that they find themselves designing more games towards dedicated multiplayer than one-player titles.
However, Capcom does seem to have enough sense to choose their battles properly and not force titles like Mega Man 11 have such modes. Please, don’t come up with some sort of forced multiplayer aspect in MM11.
It should be noted that Capcom’s stock has been a steady rise since Q2 of 2017. It has its usual dips and rises, though midway March it had it had a slight downwards trend. It would seem that Monster Hunter and multiple other titles that consumers seem to be keen on has raised their margin. Their analyst section also recommends buying stocks at a neutral range, outside Credit Suisse Securities JP ltd. considers Capcom to underperforming, and in terms of expanded electronics industries they probably are right. However, Capcom is in a spot where they are rather leveled out.
Remember when we checked Capcom’s sales data last time few years back? It hasn’t changed much since then, though it has an addition of Dragon’s Dogma. Resident Evil still reigns supreme, followed by Monster Hunter and Street Fighter. It’s still heartwarming to see some of their older, classic titles listed, despite them effectively being dead, like Commando and 1942. Wouldn’t seeing those revived as well, in a modern form or another.