Technology Services

NEXON Co., Ltd.

Business Summary

NEXON Co., Ltd. engages in the development of free to play online and mobile games. It develops graphics based massively multiplayer online games and uses the concept of micro transactions and the free to play business model. It operates through the PC Online and Mobile business divisions. The PC Online business division handles the production, development and distribution of PC online games. It also provides consulting business related to PC online game distribution, game advertisement business, merchandising business. The Mobile business division covers the development and distribution of mobile games that play on terminals such as smartphones and tablets. The company was founded on December 18, 2002 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2022	JPY	USD
Revenue	353,714M	2,689.27M
Gross Profit	247,936M	1,885.04M
Operating income	108,639M	825.97M
Income before tax	150,771M	1,146.30M
Net income	100,339M	762.87M
EBITDA	115,406M	877.42M
Diluted EPS	113.81	0.86
Dividends Per Share	10	0.07
Total Assets	1,042.84B	7,903.66M
Total liabilities	175,303M	1,328.60M
Total equity	858,193M	6,504.17M
Operating cash flow	130,144M	989.48M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	253,721M	248,542M	293,024M	274,462M	353,714M
Gross Profit	192,779M	184,988M	218,763M	196,897M	247,936M
Operating income	106,368M	103,839M	120,304M	93,851M	108,639M
Income before tax	117,444M	121,968M	107,406M	136,471M	150,771M
Net income	107,672M	115,664M	56,220M	114,888M	100,339M
EBITDA	112,384M	110,948M	128,878M	102,319M	115,406M
Diluted EPS	119.64	128.03	61.89	126.55	113.81
Dividends Per Share	0	2.50	5	7.50	10
Total Assets	649,998M	719,088M	862,161M	986,632M	1,042.84B
Total liabilities	84,521M	87,957M	141,716M	140,739M	175,303M
Total equity	555,268M	619,985M	709,882M	836,668M	858,193M
Operating cash flow	118,018M	105,073M	137,603M	105,914M	130,144M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	2,297.30M	2,279.97M	2,744.47M	2,497.98M	2,689.27M
Gross Profit	1,745.50M	1,696.96M	2,048.94M	1,792.03M	1,885.04M
Operating income	963.10M	952.55M	1,126.77M	854.17M	825.97M
Income before tax	1,063.39M	1,118.86M	1,005.97M	1,242.07M	1,146.30M
Net income	974.91M	1,061.03M	526.55M	1,045.64M	762.87M
EBITDA	1,017.57M	1,017.77M	1,207.07M	931.24M	877.42M
Diluted EPS	1.08	1.17	0.57	1.15	0.86
Dividends Per Share	0	0.02	0.04	0.06	0.07
Total Assets	5,924.42M	6,616.86M	8,350.63M	8,567.86M	7,903.66M
Total liabilities	770.36M	809.35M	1,372.61M	1,222.17M	1,328.60M
Total equity	5,061.00M	5,704.94M	6,875.70M	7,265.58M	6,504.17M
Operating cash flow	1,068.58M	963.87M	1,288.79M	963.96M	989.48M

Valuation Measures

Dec 2022
PER	25.81
ROA	9.88%
ROE	11.84%
Operating margin	30.71%
Profit margin	28.36%

Key executives

President & Representative Director: Owen Mahoney
CFO, Representative Director & GM-Administration: Shiro Uemura
Head-Corporate PR & Corporate Branding: Yuki Hayakawa

Shareholders

NXC Corp. (46.0%)
Public Investment Fund (Investment Management) (9.4%)
Nomura Asset Management Co., Ltd. (4.0%)
Nikko Asset Management Co., Ltd. (1.9%)
Daiwa Asset Management Co. Ltd. (1.9%)
NEXON Co., Ltd. (1.3%)
The Vanguard Group, Inc. (1.2%)
SEO MIN /NEXON/ (1.1%)
Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (1.0%)
BlackRock Fund Advisors (0.9%)

Contact Details

Website:http://www.nexon.co.jp
Address: 1-4-5 Roppongi, Minato-Ku, Tokyo, 106-0032, Japan
Phone: +81.3.6629.5318

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Competitors

Gravity Co., Ltd. Sponsored ADR
Netmarble Corp.
ITOXI Corp.

Last Updated on 24 Mar, 2023