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NEXON Co., Ltd.TSE:3659 Stock Report

Market Cap JP¥2.4t
Share Price
JP¥3.08k
n/a
1Y50.6%
7D-2.4%
Portfolio Value
​
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NEXON Co., Ltd.

TSE:3659 Stock Report

Market Cap: JP¥2.4t

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 Growth3/6
Past Performance2/6
Financial Health6/6
Dividends4/6

Rewards

Earnings are forecast to grow 10.6% per year

Risk Analysis

Profit margins (19.4%) are lower than last year (30.2%)

Volatile share price over the past 3 months compared to the JP market

Unstable dividend track record


3659 Community Fair Values

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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¥2.56k
FV
20.4% overvalued intrinsic discount
0.85%
Revenue growth p.a.
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NEXON

Repurchase Activity And Dividend Growth Will Sustain Shareholder Value Amid Industry Shifts

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¥3.54k
FV
13.0% undervalued intrinsic discount
7.48%
Revenue growth p.a.
88
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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¥4.85k
FV
36.4% undervalued intrinsic discount
10.11%
Revenue growth p.a.
11
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US$7.43
42.5% undervalued intrinsic discount
valuebull's Fair Value
Revenue
36.8% p.a.
Profit Margin
25%
Future PE
20x
Price in 2031
US$11.97

NEXON Co., Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for NEXON
Historical stock prices
Current Share PriceJP¥3,083.00
52 Week HighJP¥4,434.00
52 Week LowJP¥1,826.50
Beta0.48
1 Month Change-14.98%
3 Month Change-19.88%
1 Year Change50.65%
3 Year Change3.91%
5 Year Change-14.95%
Change since IPO385.51%

Recent News & Updates

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

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

Earnings Miss: NEXON Co., Ltd. Missed EPS By 17% And Analysts Are Revising Their Forecasts

Feb 15
Earnings Miss: NEXON Co., Ltd. Missed EPS By 17% And Analysts Are Revising Their Forecasts

Recent updates

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

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

Earnings Miss: NEXON Co., Ltd. Missed EPS By 17% And Analysts Are Revising Their Forecasts

Feb 15
Earnings Miss: NEXON Co., Ltd. Missed EPS By 17% And Analysts Are Revising Their Forecasts

NEXON (TSE:3659) Is Increasing Its Dividend To ¥30.00

Dec 03
NEXON (TSE:3659) Is Increasing Its Dividend To ¥30.00

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

Nov 28
NEXON Co., Ltd.'s (TSE:3659) 25% Share Price Surge Not Quite Adding Up

NEXON's (TSE:3659) Upcoming Dividend Will Be Larger Than Last Year's

Nov 14
NEXON's (TSE:3659) Upcoming Dividend Will Be Larger Than Last Year's

NEXON Co., Ltd. Just Beat EPS By 40%: Here's What Analysts Think Will Happen Next

Nov 13
NEXON Co., Ltd. Just Beat EPS By 40%: Here's What Analysts Think Will Happen Next

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?
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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.

Shareholder Returns

3659JP EntertainmentJP Market
7D-2.4%-2.3%-8.0%
1Y50.6%-2.3%31.7%

Return vs Industry: 3659 exceeded the JP Entertainment industry which returned -2.3% over the past year.

Return vs Market: 3659 exceeded the JP Market which returned 31.7% over the past year.

Price Volatility

Is 3659's price volatile compared to industry and market?
3659 volatility
3659 Average Weekly Movement7.1%
Entertainment Industry Average Movement4.7%
Market Average Movement4.3%
10% most volatile stocks in JP Market8.8%
10% least volatile stocks in JP Market2.1%

Stable Share Price: 3659's share price has been volatile over the past 3 months compared to the JP market.

Volatility Over Time: 3659's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of JP stocks.

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. It also offers console games. The company was formerly known as NEXON Japan Co., Ltd.

NEXON Co., Ltd. Fundamentals Summary

How do NEXON's earnings and revenue compare to its market cap?
3659 fundamental statistics
Market capJP¥2.40t
Earnings (TTM)JP¥92.05b
Revenue (TTM)JP¥475.10b
26.5x
P/E Ratio
5.1x
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¥475.10b
Cost of RevenueJP¥193.09b
Gross ProfitJP¥282.01b
Other ExpensesJP¥189.96b
EarningsJP¥92.05b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)116.44
Gross Margin59.36%
Net Profit Margin19.38%
Debt/Equity Ratio0%

How did 3659 perform over the long term?

See historical performance and comparison

Dividends

1.9%
Current Dividend Yield
39%
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 26 2026
Days until Ex dividend71 days
Days until Dividend pay date16 days

Does 3659 pay a reliable dividends?

See 3659 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/10 07:29
End of Day Share Price 2026/03/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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 31 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
Robin ZhuBernstein