Komori
Capcom (9697) · RiskDroppedLatest Earnings (2026-10-27): "Advanced"

Difficulty recovering development costs due to the used software market and illegal copying

First written in FY2017. 13 of 19 entries say "Advanced", first in 2026-04-27. Latest entry: 2026-10-27.

19entries
10years
16from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2017DroppedFY20202017: 120172018: 020182019: 120192020: 120202021: 020212022: 020222023: 020232024: 020242025: 020252026: 162026
Same theme, other companies
Erosion of Legitimate Sales through the Used Software Market and Pirated CopiesA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2020DroppedAnnual report
    The FY2020 annual securities report contains no identifiable standalone disclosure concerning the used software market or the proliferation of pirated products in Asia.
  2. FY2019WorsenedAnnual report

    「Used software currently accounts for approximately one-quarter of the market. In addition, the proliferation of pirated products in the Asian market has become commonplace. As a result, recovering development costs has become more difficult, and depending on developments in this market, the Group's operating results and financial position may be adversely affected.」

    In addition to the situation in which used software accounts for approximately one-quarter of the market, the continued proliferation of pirated products in Asia was described as having become commonplace, and the risk to recovering development costs continued to be disclosed.
  3. FY2017First statedAnnual report

    「Used software currently accounts for approximately one-quarter of the market. In addition, the proliferation of pirated products in Asian markets is becoming increasingly serious. As a result, recovering development costs is gradually becoming more difficult, and developments in these markets could adversely affect the group's performance and financial position.」

    The fact that used software accounts for approximately one-quarter of the market and that the proliferation of pirated products in Asia has become increasingly serious, together with the impact on recovering development costs, was newly established as a single risk.
Moved together

"Strengthening the human resources platform and compensation system through a talent investment strategy" moved the same way as this thread, in the same document, in 8 of its 19 moves.

865444★123456
  1. ★This thread
  2. 1Strengthening the human resources platform and compensation system through a talent investment strategy8×
  3. 2Dependence on popular series and hit titles6×
  4. 3Strengthening priority strategic divisions centered on console games and mobile5×
  5. 4Improving development costs and timelines by increasing the in-house development ratio4×
  6. 5Investing in growth areas and withdrawing from unprofitable businesses through selective concentration4×
  7. 6Strengthening the corporate foundation through group management and financial structure reform4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Capcom yet. It last moved in the Earnings of 2026-10-27: "Advanced".
News
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