Games Software

NEXON Co., Ltd.

Goldman Sachs Raises NEXON Co's Rating to Hold

Mirae Asset Group to Acquire 92.06% of Korbit for 133.5 Billion KRW

3659

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ESPO

HERO

Nexon and Electronic Arts have extended their publishing partnership for the FC franchise in Korea, ensuring the future of the popular football game. The long-term agreement aims to grow the EA SPORTS FC™ fanbase and enhance player experiences. Nexon, a leader in online games, has successfully localized the franchise for Korean players since its launch in 2013, with millions of registered users. The partnership reflects a commitment to innovation and community engagement in the gaming industry.

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Nexon and Electronic Arts Extend Publishing Partnership for FC Franchise in Korea

NEXOY

NEXON Co., Ltd. (3659) Q1 2026: GAAP net income JPY57.225B (EPS JPY72.02), revenue JPY152.234B, up 33.6% YoY from JPY113.934B.1NEXON Co., Ltd. plans a buyback of up to 1.8% of shares, capped at ¥30 billion. Timing and method were not disclosed.2

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Key facts: NEXON Q1 GAAP Net Income ¥57.225B; ¥30B Buyback up to 1.8%

Nexon Co. has announced a share buyback program of up to JPY 30 billion to enhance capital efficiency and flexibility. The company plans to repurchase approximately 14 million shares, about 1.8% of its outstanding stock, between May 15 and July 31, 2026. This move reflects confidence in its balance sheet and aims to support earnings per share and shareholder returns. Currently, Nexon has no treasury shares and a market cap of JPY 1984.6 billion, with the latest analyst rating being a Hold at a price target of JPY 2800.00.

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Nexon Launches Up to JPY 30 Billion Share Buyback to Boost Capital Efficiency

NEXON (TSE:3659) has faced recent share price weakness, with negative returns over various periods. Despite a 19.66% total shareholder return over the past year, the stock is currently trading at ¥2,654.5, which is considered 7.1% overvalued based on a fair value estimate of ¥2,477.76. Analysts suggest that the market may be overly cautious regarding future growth, as the current P/E ratio of 22.8x is below the fair ratio of 26.6x. Investors are encouraged to assess potential risks and rewards before making decisions.

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Assessing NEXON (TSE:3659) Valuation As Recent Share Price Weakness Meets Mixed Growth Signals

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EZBC

NXC, the parent company of South Korean gaming giant Nexon, reported a 15.2% decrease in its crypto assets, holding 147.6 billion won in Bitcoin and Ethereum as of the end of 2025. The company sold its shares in Bitstamp and plans to dispose of all shares in Korbit. Additionally, NXC, through its subsidiary NXMH, acquired shares in European industrial solutions company CLI Group to diversify its business.

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South Korean gaming giant reduces its holdings of Bitcoin and Ethereum, and sells shares in a cryptocurrency exchange.

Nexon (3659.JP) closed at 2,789.5 yen today, down 4.76%. The company's management stated in a briefing that the previously proposed revenue target of 750 billion yen and operating profit of 250 billion yen for 2027 is difficult to achieve. The market reacted negatively, focusing on user attrition issues for games such as "Dungeon & Fighter Mobile" and "The First Descendant," as well as delays in new game development

AASTOCKS

Nexon (3659.JP) fell over 4.7% for the whole day, long-term targets questioned

A major player in online gaming, NEXON Co., Ltd. (3659.TO) headquartered in Tokyo, declared Patrick Söderlund as the Executive Chairman. Söderlund, known for his strategic and creative acumen, will spearhead Nexon's transformation with immediate effect. This leadership move empowers Söderlund to steer the long-term strategy and creative direction of the company.

Unusual Whales

Nexon appoints Patrick Söderlund as Executive Chairman to accelerate global strategy, with 3659.TO stock symbol.

NEXON Co., Ltd. (TSE:3659) reported disappointing earnings, but analysis suggests strong cash conversion with a negative accrual ratio of -0.21, indicating earnings may understate free cash flow. Unusual items reduced profit by JP¥13b, but these are often one-off, suggesting potential for higher future profits. Despite current challenges, optimism remains for NEXON's earnings potential, though investors should be aware of associated risks.

We Think You Can Look Beyond NEXON's (TSE:3659) Lackluster Earnings

NEXON Co., Ltd.(3659.JP)

Nexon and Electronic Arts Extend Publishing Partnership for FC Franchise in Korea

Key facts: NEXON Q1 GAAP Net Income ¥57.225B; ¥30B Buyback up to 1.8%

Nexon Launches Up to JPY 30 Billion Share Buyback to Boost Capital Efficiency

Assessing NEXON (TSE:3659) Valuation As Recent Share Price Weakness Meets Mixed Growth Signals

South Korean gaming giant reduces its holdings of Bitcoin and Ethereum, and sells shares in a cryptocurrency exchange.