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NEXON Co., Ltd.TSE:3659 Stock Report

Market Cap JP¥2.6t
Share Price
JP¥3.29k
My Fair Value
JP¥3.18k
3.5% overvalued intrinsic discount
1Y19.2%
7D1.7%
Portfolio Value
​
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NEXON Co., Ltd.

TSE:3659 Stock Report

Market Cap: JP¥2.6t

NEXON (3659) Stock Overview

Produces, develops, distributes, and services PC online and mobile games in Japan and internationally. More details

3659 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

Rewards

Earnings are forecast to grow 3.38% per year

Earnings grew by 47.8% over the past year

Risk Analysis

No risks detected for 3659 from our risk checks.

3659 Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

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NEXON

Aging Core Franchises And Rising Regulation Will Drag Down Prospects

Key Takeaways Heavy reliance on aging franchises and demographic headwinds threaten recurring revenue and limit long-term growth prospects. Rising regulatory pressures and escalating operating costs compress margins and hinder global expansion amid intensifying competition.
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JP¥2.01k
FV
63.1% overvalued intrinsic discount
-0.27%
Revenue growth p.a.
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21 days ago author updated this narrative
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NEXON

MapleStory And Dungeon & Fighter Will Capture Global Digital Growth

Key Takeaways Core franchises and new titles are poised for exponential global growth, with sustained high margins due to scale efficiencies and blockbuster potential. Proprietary technology and user-generated content platforms will drive engagement, unlock strong network effects, and diversify high-margin recurring revenue streams across new markets.
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JP¥4k
FV
17.8% undervalued intrinsic discount
9.99%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
21 days ago author updated this narrative
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NEXON

Global Gaming Expansion Will Face Saturation And Foster Renewed Engagement

Key Takeaways Heavy dependence on legacy titles and costly live-service investments may limit long-term growth if new games or markets underperform. Global expansion and monetization strategies face challenges from regulatory scrutiny, shifting demographics, and strong competition, posing risks to future revenue and earnings.
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JP¥3.18k
FV
3.5% overvalued intrinsic discount
4.94%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
Updated narrative
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NEXON Co., Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for NEXON
Historical stock prices
Current Share PriceJP¥3,287.00
52 Week HighJP¥3,489.00
52 Week LowJP¥1,826.50
Beta0.49
1 Month Change-1.88%
3 Month Change16.19%
1 Year Change19.22%
3 Year Change21.38%
5 Year Change27.16%
Change since IPO417.64%

Recent News & Updates

We Think NEXON's (TSE:3659) Profit Is Only A Baseline For What They Can Achieve

Aug 20
We Think NEXON's (TSE:3659) Profit Is Only A Baseline For What They Can Achieve

Recent updates

We Think NEXON's (TSE:3659) Profit Is Only A Baseline For What They Can Achieve

Aug 20
We Think NEXON's (TSE:3659) Profit Is Only A Baseline For What They Can Achieve

NEXON Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Aug 16
NEXON Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Analyst Estimates: Here's What Brokers Think Of NEXON Co., Ltd. (TSE:3659) After Its First-Quarter Report

May 16
Analyst Estimates: Here's What Brokers Think Of NEXON Co., Ltd. (TSE:3659) After Its First-Quarter Report

NEXON Co., Ltd.'s (TSE:3659) 25% Share Price Surge Not Quite Adding Up

May 14
NEXON Co., Ltd.'s (TSE:3659) 25% Share Price Surge Not Quite Adding Up

NEXON (TSE:3659) Has Announced A Dividend Of ¥15.00

Apr 11
NEXON (TSE:3659) Has Announced A Dividend Of ¥15.00

Is NEXON Co., Ltd. (TSE:3659) Worth JP¥2.2k Based On Its Intrinsic Value?

Mar 26
Is NEXON Co., Ltd. (TSE:3659) Worth JP¥2.2k Based On Its Intrinsic Value?

NEXON Co., Ltd.'s (TSE:3659) Shares May Have Run Too Fast Too Soon

Mar 07
NEXON Co., Ltd.'s (TSE:3659) Shares May Have Run Too Fast Too Soon

Results: NEXON Co., Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 18
Results: NEXON Co., Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts

Returns On Capital At NEXON (TSE:3659) Paint A Concerning Picture

Jan 27
Returns On Capital At NEXON (TSE:3659) Paint A Concerning Picture

NEXON Co., Ltd. (TSE:3659) Shares Could Be 43% Below Their Intrinsic Value Estimate

Dec 07
NEXON Co., Ltd. (TSE:3659) Shares Could Be 43% Below Their Intrinsic Value Estimate
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Gaming Giant's Bold Strategies Fuel Long-Term Revenue And Profit Growth Goals

NEXON focuses on growing proven franchises with ongoing updates and localization, aiming for long-term revenue and profitability improvements.

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

Nov 19
We Think You Can Look Beyond NEXON's (TSE:3659) Lackluster Earnings

NEXON Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models

Nov 14
NEXON Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models

With NEXON Co., Ltd. (TSE:3659) It Looks Like You'll Get What You Pay For

Oct 23
With NEXON Co., Ltd. (TSE:3659) It Looks Like You'll Get What You Pay For

Shareholder Returns

3659JP EntertainmentJP Market
7D1.7%0.1%-1.0%
1Y19.2%45.8%15.8%

Return vs Industry: 3659 underperformed the JP Entertainment industry which returned 45.8% over the past year.

Return vs Market: 3659 exceeded the JP Market which returned 15.8% over the past year.

Price Volatility

Is 3659's price volatile compared to industry and market?
3659 volatility
3659 Average Weekly Movement3.4%
Entertainment Industry Average Movement4.6%
Market Average Movement3.4%
10% most volatile stocks in JP Market7.6%
10% least volatile stocks in JP Market1.8%

Stable Share Price: 3659 has not had significant price volatility in the past 3 months compared to the JP market.

Volatility Over Time: 3659's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19949,329Junghun Leewww.nexon.co.jp

NEXON Co., Ltd. produces, develops, distributes, and services PC online and mobile games in Japan and internationally. The company operates through PC Online Business and Mobile Business segments. It offers PC online game titles include MapleStory, Dungeon & Fighter, and EA SPORTS FC.

NEXON Co., Ltd. Fundamentals Summary

How do NEXON's earnings and revenue compare to its market cap?
3659 fundamental statistics
Market capJP¥2.62t
Earnings (TTM)JP¥102.08b
Revenue (TTM)JP¥448.10b
25.7x
P/E Ratio
5.9x
P/S Ratio

Is 3659 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3659 income statement (TTM)
RevenueJP¥448.10b
Cost of RevenueJP¥166.56b
Gross ProfitJP¥281.54b
Other ExpensesJP¥179.46b
EarningsJP¥102.08b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 11, 2025

Earnings per share (EPS)127.92
Gross Margin62.83%
Net Profit Margin22.78%
Debt/Equity Ratio0%

How did 3659 perform over the long term?

See historical performance and comparison

Dividends

0.9%
Current Dividend Yield
24%
Payout Ratio

Does 3659 pay a reliable dividends?

See 3659 dividend history and benchmarks
When do you need to buy 3659 by to receive an upcoming dividend?
NEXON dividend dates
Ex Dividend DateDec 29 2025
Dividend Pay DateMar 27 2026
Days until Ex dividend88 days
Days until Dividend pay date176 days

Does 3659 pay a reliable dividends?

See 3659 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/01 22:23
End of Day Share Price 2025/10/01 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NEXON Co., Ltd. is covered by 33 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Haruka MoriBarclays
Keiichi YoneshimaBarclays
Jay HanBNP Paribas Securities (Asia)