Financials NEXON Co., Ltd.

Equities

3659

JP3758190007

Internet Services

Market Closed - Japan Exchange Other stock markets 12:00:00 20/01/2026 pm IST			5-day change	1st Jan Change
4,246.00 ^JPY	+0.54%		+5.28%	+10.95%

05/01	Tranche Update on NEXON Co., Ltd.'s Equity Buyback Plan announced on November 11, 2025.	CI
22/11	NEXON Co., Ltd., Q3 2025 Earnings Call, Nov 11, 2025

Projected Income Statement: NEXON Co., Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,93,024	2,74,462	3,53,714	4,23,356	4,46,211	4,80,916	5,16,384	5,42,590
Change	-	-6.33%	28.88%	19.69%	5.4%	7.78%	7.38%	5.07%
EBITDA ¹	1,20,024	1,00,009	1,10,463	1,43,343	1,34,318	1,56,851	1,65,706	1,76,296
Change	-	-16.68%	10.45%	29.77%	-6.3%	16.78%	5.64%	6.39%
EBIT ¹	1,11,450	91,541	1,03,696	1,34,745	1,24,176	1,46,802	1,56,256	1,66,533
Change	-	-17.86%	13.28%	29.94%	-7.84%	18.22%	6.44%	6.58%
Interest Paid ¹	-19,049	-1,355	-12,892	-7,279	-3,400	-18,660	-7,500	-7,500
Earnings before Tax (EBT) ¹	1,08,171	1,35,472	1,40,525	1,25,929	1,95,987	1,58,410	1,79,591	1,93,199
Change	-	25.24%	3.73%	-10.39%	55.63%	-19.17%	13.37%	7.58%
Net income ¹	56,220	1,14,888	1,00,339	70,609	1,34,848	1,09,088	1,21,787	1,29,735
Change	-	104.35%	-12.66%	-29.63%	90.98%	-19.1%	11.64%	6.53%
Announcement Date	09/02/21	08/02/22	09/02/23	08/02/24	13/02/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	79,412	66,384	88,313	56,009	75,890	54,250	91,034	84,122	97,463	81,095	1,24,087	94,436	1,20,256	84,577	1,08,418	1,22,474	1,35,593	79,726	1,13,934	1,18,850	1,18,719	1,34,210	1,38,654	1,31,587	1,38,147	1,32,712
Change	-	-16.41%	33.03%	-36.58%	35.5%	-28.51%	67.8%	-7.59%	15.86%	-16.79%	53.01%	-23.9%	27.34%	-29.67%	28.19%	12.96%	10.71%	-41.2%	42.91%	4.31%	-0.11%	13.05%	3.31%	-5.1%	4.99%	-3.93%
EBITDA ¹	29,764	-	-	-	-	-	40,299	24,335	33,246	12,583	-	30,158	48,272	6,125	-	47,698	54,054	2,143	-	-	40,393	14,700	-	-	-	-
Change	-	-	-	-	-	-	-	-39.61%	36.62%	-62.15%	-	-	60.06%	-87.31%	-	-	13.33%	-96.04%	-	-	-5.92%	-63.61%	-	-	-	-
EBIT ¹	27,607	15,589	43,321	15,409	29,835	2,976	38,520	22,684	31,524	10,968	56,275	27,614	46,310	3,797	29,146	45,224	51,535	-1,729	41,611	37,698	37,528	32,198	53,580	42,762	49,072	25,837
Change	-	-43.53%	177.89%	-64.43%	93.62%	-90.03%	1,194.35%	-41.11%	38.97%	-65.21%	413.08%	-50.93%	67.7%	-91.8%	667.61%	55.16%	13.95%	-103.36%	2,506.65%	-9.4%	-0.45%	-14.2%	66.4%	-20.19%	14.76%	-47.35%
Charge d'intérêts ¹	-244	-	-650	-1,264	-206	-680	-3,695	-	-641	-4,380	-422	-322	-5,299	-1,236	-518	-608	-1,444	-830	-6,642	-	-2,718	-1,000	-	-	-	-
Earnings before Tax (EBT) ¹	22,901	-1,397	63,575	13,895	48,358	9,644	57,201	41,698	57,966	-16,340	71,903	42,827	52,859	-41,660	54,239	61,434	38,907	41,407	38,701	28,844	54,418	35,833	55,500	50,000	59,500	27,000
Change	-	-106.1%	4,650.82%	-78.14%	248.02%	-80.06%	493.13%	-27.1%	39.01%	-128.19%	540.04%	-40.44%	23.42%	-178.81%	230.19%	13.27%	-36.67%	6.43%	-6.54%	-25.47%	88.66%	-34.15%	54.88%	-9.91%	19%	-54.62%
Net income ¹	16,330	-29,784	46,034	8,957	37,902	21,995	40,261	24,707	43,303	-7,932	52,791	24,538	35,167	-41,870	35,918	39,878	27,023	32,029	26,272	16,758	38,165	28,796	38,000	34,000	41,000	19,000
Change	-	-282.39%	254.56%	-80.54%	323.16%	-41.97%	83.05%	-38.63%	75.27%	-118.32%	765.54%	-53.52%	43.32%	-219.06%	185.78%	11.03%	-32.24%	18.52%	-17.97%	-36.21%	127.74%	-24.55%	31.96%	-10.53%	20.59%	-53.66%
Announcement Date	10/11/20	09/02/21	12/05/21	11/08/21	09/11/21	08/02/22	12/05/22	09/08/22	09/11/22	09/02/23	11/05/23	09/08/23	09/11/23	08/02/24	14/05/24	08/08/24	12/11/24	13/02/25	13/05/25	13/08/25	11/11/25	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1	2025 S1
Net sales ¹	1,44,322	1,75,156	2,18,523	2,30,892	2,32,784
Change	-	21.36%	24.76%	5.66%	0.82%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	58,730	61,204	83,889	74,370	79,309
Change	-	4.21%	37.06%	-11.35%	6.64%
Charge d'intérêts ¹	-469	-7,871	-744	-1,126	-22,945
Earnings before Tax (EBT) ¹	77,470	98,899	1,14,730	1,15,673	67,545
Change	-	27.66%	16.01%	0.82%	-41.61%
Net income ¹	54,991	64,968	77,329	75,796	43,030
Change	-	18.14%	19.03%	-1.98%	-43.23%
Announcement Date	11/08/21	09/08/22	09/08/23	08/08/24	13/08/25

¹JPY in Million

Estimates

Forecast Balance Sheet: NEXON Co., Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-5,36,452	-5,48,741	-5,71,612	-4,71,572	-5,60,867	-6,06,338	-6,64,902	-7,31,463
Change	-	-2.29%	-4.17%	17.5%	-18.94%	-8.11%	-9.66%	-10.01%
Announcement Date	09/02/21	08/02/22	09/02/23	08/02/24	13/02/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: NEXON Co., Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	10,520	5,185	16,128	5,713	3,639	3,324	3,013	3,224
Change	-	-50.71%	211.05%	-64.58%	-36.3%	-8.66%	-9.35%	7.02%
Free Cash Flow (FCF) ¹	1,27,083	1,04,329	1,14,016	1,25,305	76,648	1,38,180	1,29,109	1,32,959
Change	-	-17.9%	9.29%	9.9%	-38.83%	80.28%	-6.56%	2.98%
Announcement Date	09/02/21	08/02/22	09/02/23	08/02/24	13/02/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: NEXON Co., Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	40.96%	36.44%	31.23%	33.86%	30.1%	32.62%	32.09%	32.49%
EBIT Margin (%)	38.03%	33.35%	29.32%	31.83%	27.83%	30.53%	30.26%	30.69%
EBT Margin (%)	36.92%	49.36%	39.73%	29.75%	43.92%	32.94%	34.78%	35.61%
Net margin (%)	19.19%	41.86%	28.37%	16.68%	30.22%	22.68%	23.58%	23.91%
FCF margin (%)	43.37%	38.01%	32.23%	29.6%	17.18%	28.73%	25%	24.5%
FCF / Net Income (%)	226.05%	90.81%	113.63%	177.46%	56.84%	126.67%	106.01%	102.49%
Profitability
ROA	13.68%	14.66%	13.85%	11.76%	16.65%	8.54%	8.59%	8.8%
ROE	8.5%	14.9%	11.8%	8%	14.1%	10.51%	11.25%	11.24%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.59%	1.89%	4.56%	1.35%	0.82%	0.69%	0.58%	0.59%
CAPEX / EBITDA (%)	8.76%	5.18%	14.6%	3.99%	2.71%	2.12%	1.82%	1.83%
CAPEX / FCF (%)	8.28%	4.97%	14.15%	4.56%	4.75%	2.41%	2.33%	2.43%
Items per share
Cash flow per share ¹	73.27	138.4	122.5	92.98	174	133.2	177.7	196.3
Change	-	88.9%	-11.52%	-24.08%	87.09%	-23.44%	33.42%	10.44%
Dividend per Share ¹	5	7.5	10	10	22.5	39.86	48.5	51.3
Change	-	50%	33.33%	0%	125%	77.15%	21.68%	5.77%
Book Value Per Share ¹	800.4	939.2	997	1,065	1,238	1,309	1,417	1,508
Change	-	17.35%	6.15%	6.82%	16.27%	5.68%	8.3%	6.38%
EPS ¹	63.57	128.9	114.7	82.89	161.8	136	155.2	170.5
Change	-	102.78%	-10.99%	-27.76%	95.19%	-15.95%	14.14%	9.87%
Nbr of stocks (in thousands)	8,86,599	8,96,637	8,63,743	8,51,402	8,27,482	7,90,816	7,90,816	7,90,816
Announcement Date	09/02/21	08/02/22	09/02/23	08/02/24	13/02/25	-	-	-