Capcom (CCOEY) back in the cycle towards run up.

With the Pragmata launch (April 17) showing it as a top seller on Steam and receiving strong critical reception, Capcom is likely to crush earnings come May 13. I’m expecting a run-up similar to the one we saw in early 2025 due to Wilds. I've made solid returns over the last few years because Capcom follows a predictable cycle: they pump leading up to earnings, consolidate, and then reset for the next major release.

Resident Evil Requiem sold over 6 million units in just 18 days after its February 27, 2026, release, making it the fastest-selling game in the entire franchise (beating Village by 40%). It debuted at number one across Steam, PlayStation, and Xbox and has maintained its momentum. Even two months later, it’s still hanging in the top 30 of the Steam Top 100.

In the most recent 2026 fiscal reports, 33 million of the 34.6 million units sold were older titles like RE4 Remake and Street Fighter 6. Because these are digital sales of games that have already paid for their development costs, Capcom is pulling a 62.8% operating margin in its digital segment which is roughly double the industry average.

Capcom has paid a dividend every year for 19 years and they are aggressive with stock splits to keep the entry price accessible for retail (the most recent was a 2:1 split in March 2024). They also have a history of share buybacks that support the stock price.

I'm shifting some money in the IRA next week to buy in before the pump. I'm currently sitting with 4175 shares.