New Monster Hunter Mobile Game Supercharges Capcom Shares
- Games maker seeks growth on mobile with September launch
- ‘Monster Hunter Now’ developed in collaboration with Niantic
Source: Niantic Inc./Capcom Co.
This article is for subscribers only.
Shares of Capcom Co. surged to a record on Tuesday after the Japanese company unveiled Monster Hunter Now, a new mobile game developed with Pokémon Go creator Niantic Inc.
Capcom’s stock rose 9% in Tokyo, adding to a winning streak that’s seen the company quadruple its value over the past four years. The Osaka-based creator of Resident Evil and Street Fighter is Japan’s top maker of big-budget titles for consoles and PCs, and franchises like Monster Hunter have helped it sustain momentum even without monetizing the mobile games arena as well as competitors.