Nexon (3659.JP) fell over 4.7% for the whole day, long-term targets questioned
Nexon (3659.JP) today (1st) closed at 2,789.5 Japanese yen, down 4.76% for the day.
The company recently held a briefing session, attended by the chairman, president, and chief financial officer. During the management meeting, it was mentioned that the target of 750 billion Japanese yen in revenue and 250 billion Japanese yen in operating profit for the fiscal year ending December 2027, proposed as early as September 2024, now seems difficult to achieve. The market interprets this as a negative signal and is concerned about user attrition in titles such as "Dungeon & Fighter Mobile" and "The First Descendant," as well as delays in new game development
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