[Click eStock] "Nexon, Positive on Dungeon Fighter Mobile China Launch... Target Price 3345 Yen"

"Active Shareholder Returns"

NH Investment & Securities stated on the 14th regarding NEXON, which is traded on the Tokyo Stock Exchange, "Despite the sluggish game market, it recorded solid growth last year. This year, the long-awaited launch of Dungeon & Fighter Mobile in China, along with multiple new releases, is expected."

The market outlook sets Nexon's target stock price at 3,345 yen, while the previous day's closing price was 2,552 yen.

Nexon's Dungeon & Fighter Mobile

On the same day, Jaemin Ahn, a researcher at NH Investment & Securities, said, "Nexon's sales last year were 423.3 billion yen, up 19.7% from the previous year, and operating profit grew 29.9% to 134.7 billion yen. Nexon is the most diversified company among domestic game companies in terms of genre, platform, and region," he said. The regional sales distribution of Nexon is 60.3% Korea, 23.7% China, 6.5% North America and Europe, and 2.8% Japan.

With new releases in global markets including China, this year's performance is also positive. Researcher Ahn said, "Dungeon & Fighter Mobile, which recently received a Chinese game license, has a high chance of success in China considering Dungeon & Fighter is a major PC franchise game in China. Performance growth and stock price increase are expected accordingly." Nexon is also preparing new titles such as First Descendant, Mabinogi Mobile, and First Berserker (Kazan) for release this year. It is also active in shareholder returns. In November last year, it repurchased 30 billion yen of its own shares and announced a 100 billion yen share buyback over three years starting this year.

However, the fourth-quarter results last year were sluggish. Sales recorded 84.6 billion yen, and operating profit was 4.55 billion yen, down 58.6% compared to the previous year. Researcher Ahn said, "PC game sales were sluggish due to MapleStory's probability item issue and Dungeon & Fighter's operational shortcomings controversy. Marketing costs also increased due to the launch of the new game The Finals," adding, "In addition, a one-time fine of 11.6 billion won related to the MapleStory item probability manipulation controversy was reflected, causing results to fall short of expectations." In non-operating income and expenses, impairment losses on investment in film production company AGBO (which is recognized as a loss and expense in accounting when the value of held assets falls below book value) were reflected, resulting in a net loss of 41.9 billion yen (turning to deficit).

This content was produced with the assistance of AI translation services.