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Japanese video game publisher behind Resident Evil, Street Fighter and Monster Hunter.
Japanese video game publisher behind Resident Evil, Street Fighter and Monster Hunter.
Earns mostly from direct digital downloads of console and PC games, which skip retailer cuts, and keeps selling older titles at lower prices long after launch, so back-catalog sales cover costs between big releases. Its in-house RE Engine, a game-development toolset used across several series, shortens development time.
In one line: A pure-play Take-Two Interactive.
Moat: narrow (brand, IP / patents). Deep back-catalog of globally recognized franchises re-released and remade for repeat sales.
Headquarters: Osaka, Japan · Founded: 1979 · Employees: 3,976
Size Capcom (9697.T) is a Japan Information Technology company (Packaged Software) with a market value of $11.0B, the 128th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,144 on 6 Nov 2026.
Performance Over six months the shares gained 25.5%, against +37.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 21.0% over the last twelve months (peer median +18.9%); the operating margin is 41.1% (peer median 8.7%).
Valuation It trades at 27.0× forward earnings against a peer median of 23.8× (9th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 38.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥235B | ¥195B | ¥170B | ¥152B | ¥126B |
| Revenue growth | — | +15% | +11% | +21% | — |
| Gross profit | ¥135B | ¥165B | ¥148B | ¥128B | ¥112B |
| EBITDA | ¥102B | ¥80.6B | ¥70.5B | ¥61.3B | ¥54.3B |
| Net income | ¥70.2B | ¥54.6B | ¥48.5B | ¥43.4B | ¥36.7B |
| Free cash flow | ¥53.8B | ¥17.8B | ¥61.8B | ¥32.1B | ¥14.7B |
| Capital expenditure | ¥10.5B | ¥14.3B | ¥6.28B | ¥5.13B | ¥7.42B |
| Total debt | ¥6.30B | ¥5.10B | ¥11.9B | ¥12.2B | ¥11.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Capcom 9697.T | $11.0B | +25% | +21% | 41% | 27.0× | -2.2% |
| Konami 9766.T | $23.5B | +45% | +25% | 33% | 25.7× | -1.5% |
| Bandai Namco 7832.T | $26.1B | +76% | +9% | 15% | 25.5× | -0.4% |
| Square Enix 9684.T | $7.02B | +25% | +1% | 20% | 26.9× | -5.4% |
| Sega Sammy 6460.T | $4.28B | +46% | +24% | 10% | 17.8× | -2.3% |
| Electronic Arts EA | n/a | +3% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9697.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.6% | +3.5% | 6th lowest of 21 |
| 6-month return | +25.5% | +37.0% | 10th lowest of 21 |
| Distance from 52-week high | -12.3% | -19.4% | 7th highest of 21 |
| Revenue growth (TTM) | +21.0% | +18.9% | 10th highest of 21 |
| Operating margin | 41.1% | 8.7% | 2nd highest of 21 |
| Forward P/E | 27.0× | 23.8× | 9th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | -2.2% | 19.3% | 2nd least demanding of 19 |
| Growth delivered (Del g) | +15.4% | +24.1% | 5th lowest of 19 |
| Hurdle (Req g minus delivered) | -17.7 pp | -5.7 pp | 5th least demanding of 19 |
| ROIC minus cost of capital | +38.5 pp | -1.9 pp | 2nd highest of 18 |
| EV / EBITDA | 15.6× | 17.6× | 4th cheapest of 11 |
| Net debt / EBITDA | -1.4× | -1.4× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Capcom 9697.T | Japan | $11.0B | +25% | +21% | 41% | 27.0× | -2.2% | +15.4% |
| SailPoint SAIL | United States | $11.0B | +57% | +20% | -19% | 53.5× | 42.0% | +24.7% |
| Procore Technologies PCOR | United States | $11.4B | +41% | +16% | -1% | 33.8× | 19.9% | +27.0% |
| Paycom Software PAYC | United States | $10.5B | +73% | +9% | 30% | 15.9× | 3.3% | +19.5% |
| Wisetech Global WTC.AX | Australia | $10.3B | +15% | +71% | 31% | 32.6× | 30.1% | +32.3% |
| Chime Financial CHYM | United States | $11.9B | +70% | +18% | -1% | 35.2× | 18.2% | +24.8% |
| Figma FIG | United States | $10.0B | -9% | +43% | -124% | 54.8× | 22.2% | +43.4% |
| HubSpot HUBS | United States | $10.0B | +2% | +21% | 4% | 12.5× | 25.1% | +28.8% |
| JFrog FROG | United States | $12.5B | +43% | +26% | -13% | 89.6× | 37.7% | +28.7% |
| Dynatrace DT | United States | $12.5B | +7% | +18% | 14% | 22.6× | 18.8% | +23.5% |
| Trimble TRMB | United States | $12.6B | -11% | +7% | 18% | 13.6× | 15.3% | +2.6% |
| Oracle Financial Services Software OFSS.NS | India | $9.43B | +8% | +28% | 52% | 22.7× | 22.0% | +9.0% |
| Full Truck Alliance Co. Ltd. Sponsored ADR YMM | United States | $9.35B | +4% | +9% | 34% | 12.8× | -10.9% | +36.0% |
| Hinge Health HNGE | United States | $9.34B | +107% | +50% | 19% | 39.6× | 34.1% | +49.9% |
| Elastic ESTC | United States | $9.12B | +65% | +16% | -1% | 24.4× | 13.0% | +23.4% |
| Paylocity PCTY | United States | $9.03B | +56% | +11% | 22% | 19.0× | 2.3% | +22.8% |
| Tempus AI TEM | United States | $13.9B | +53% | +37% | -18% | n/a | n/a | n/a |
| Netskope NTSK | United States | $8.70B | +83% | +30% | -94% | n/a | n/a | n/a |
| 360 Security Technology 601360.SS | China | $8.63B | -26% | +7% | -4% | 172.6× | 55.2% | -5.7% |
| Zhejiang Century Huatong 002602.SZ | China | $14.0B | -20% | +28% | 21% | 11.1× | -0.2% | +20.4% |
| Sage SGE.L | United Kingdom | $14.1B | +33% | +9% | 23% | 23.1× | 3.1% | +5.7% |