Overview
Information & Communication

NEXON Co.,Ltd.

NEXON Co., Ltd. is a global online game developer and publisher specializing in PC online games and mobile games, with flagship titles including MapleStory, Dungeon&Fighter, and EA SPORTS FC ONLINE. The company develops, publishes, and distributes games across Japan, Korea, China, North America, Europe, and other Asian markets through its network of 45 consolidated subsidiaries. NEXON's competitive strengths lie in its deep IP portfolio, long-running live-service titles with established player bases, and an integrated development-to-publishing model spanning major global gaming markets.

Market Cap
¥2,175B
US$13.9B
EV
¥1,687B
US$10.8B
Stock¥2,773▼-1.46%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.5
x
LTM EV/EBIT
12.5
x
LTM PER
16.0
x
LTM PBR
2.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-32.2%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 14, 26Special dividend of ¥415/share announced, annual dividend raised to ¥475, Q2 operating profit beat consensus
MC → EV Bridge
2,175BUS$13.9BMarket Cap49.3BUS$315M+ Debt546BUS$3.48B− Cash0.00BUS$0.00M− Inv. Sec.8.66BUS$55.2M+ NCI1,687BUS$10.8BEV
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Performance & Balance
Revenue 5Y (¥B)
274US$1.75B'21/12354US$2.26B'22/12423US$2.70B'23/12446US$2.85B'24/12475US$3.03B'25/12
EBITDA 5Y (¥B)
100US$638M'21/12110US$704M'22/12143US$914M'23/12134US$857M'24/12135US$864M'25/12
Net Income 5Y (¥B)
115US$733M'21/12100US$640M'22/1270.6US$450M'23/12135US$860M'24/1292.1US$587M'25/12
Capital Structure
96%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
365US$2.33B15.3US$97.7M'21/12409US$2.61B23.3US$149M'22/12281US$1.79B29.7US$190M'23/12332US$2.12B40.0US$255M'24/12499US$3.18B52.1US$333M'25/12
Shareholders
Top 10 hold 84.1%
1
NXC Corporation (Standing Proxy: the Company) (Standing Proxy: SMBC Nikko Securities Inc.)
46.72%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.02%
3
JP MORGAN CHASE BANK 380752 (Standing Proxy: Mizuho Bank, Ltd.)
11.27%
4
THE CHASE MANHATTAN BANK, N.A. LONDON SPECIAL ACCOUNT NO.1 (Standing Proxy: Mizuho Bank, Ltd.)
5.36%
5
Custody Bank of Japan, Ltd. (Trust Account)
4.17%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.24%
7
KOREA SECURITIESDEPOSITORY-SAMSUNG (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.20%
8
JPMorgan Securities Japan Co., Ltd.
0.92%
9
Jung-hyun YOO
0.65%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.56%
Management
9 officers
Jeong-heon LEE
Representative Director, President
May 2003 Joined NEXON Corporation (now NXC Corporation) Nov 2006 Appointed Publishing QM Team Leader, NEXON Corporation (now NEXON Korea Corporation) Apr 2010 Appointed Head of Internal Control Office, NEOPLE INC. Jul 2012 Appointed Head of FIFA Office, NEXON Korea Corporation Apr 2014 Appointed Head of Business Division, NEXON Korea Corporation Nov 2015 Appointed Executive Vice President, Business Operations, NEXON Korea Corporation Jan 2018 Appointed Representative Director, President, NEXON Korea Corporation Mar 2022 Appointed Director, NEXON Games Co., Ltd. Mar 2023 Appointed Director of the Company Mar 2024 Appointed Representative Director, President of the Company (current) Mar 2024 Appointed Director, NEXON Korea Corporation (current) Nov 2025 Appointed Representative Director, President, NEXON HQ Co., Ltd. (current)
1979-03-12
Shiro UEMURA
Representative Director, Chief Financial Officer and Head of Administration Division
Dec 2000 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Sep 2003 Joined Pacific Golf Management Co., Ltd. Dec 2004 Joined Pacific Golf Group International Holdings K.K. Jul 2011 Joined the Company Mar 2014 Appointed Chief Financial Officer and Head of Management Administration Division of the Company Mar 2014 Appointed Director, gloops Inc. Mar 2014 Appointed Director, Inburu Co., Ltd. Mar 2015 Appointed Representative Director of the Company (current) Apr 2016 Appointed Director, NEXON America Inc. (current) Apr 2016 Appointed Director, NEXON M Inc. Apr 2016 Appointed Director, Lexian Software Development (Shanghai) Co., Ltd. (current) Sep 2016 Appointed Director, NEXON Europe GmbH Jan 2020 Appointed Representative Director, President, gloops Inc. Oct 2021 Appointed Chief Financial Officer and Head of Administration Division of the Company (current) Oct 2021 Appointed Director, Nexon Studios, Inc. (now Nexon Filmed Entertainment Inc.) (current) May 2024 Appointed Director, Embark Studios AB (current)
1970-12-31
Patrick SODERLUND
Chairman of the Board, Director
Jan 2000 Appointed Chief Executive Officer, Digital Illusions Creative Entertainment Oct 2006 Appointed Vice President & General Manager, Electronic Arts Inc. Sep 2013 Appointed Executive Vice President, EA Worldwide Studios, Electronic Arts Inc. Apr 2018 Appointed Chief Design Officer, Electronic Arts Inc. Nov 2018 Appointed Director, Sicalis AB (current) Nov 2018 Appointed Chief Executive Officer, Embark Studios AB (current) Jan 2019 Appointed Director, Fractal Gaming Group AB Mar 2019 Appointed Outside Director of the Company Jul 2019 Appointed Director of the Company (current) Nov 2019 Appointed Director, Ortalis Group AB Jun 2020 Appointed Director, Hexagon Aktiebolag Aug 2020 Appointed Director, Surmount Together AB (current) Aug 2021 Appointed Director, Ortalis Holding AB Nov 2021 Appointed Director, CoFounded Kapital AB (current) Mar 2023 Appointed Director, CoFounded Capital AB (current) Mar 2023 Appointed Director, CoFounded Holding AB (current) Feb 2026 Appointed Chairman of the Company (current)
1973-09-27
Shiro KUNIYA
Director (Audit and Supervisory Committee Member)
Apr 1982 Registered as Attorney-at-Law; joined Ohebashi Law Office Jul 1987 Registered as Attorney in the State of New York Jun 1997 Appointed Audit & Supervisory Board Member, Sunstar Inc. Jun 1999 Appointed Auditor, Public Interest Incorporated Foundation Kitano Hospital (current) Apr 2002 Appointed Representative Partner, Ohebashi Law Office Jun 2006 Appointed Audit & Supervisory Board Member, Nidec Corporation Jun 2009 Appointed Director, Japan Commercial Arbitration Association (current) Apr 2011 Appointed Director, Japan Century Symphony Orchestra Foundation (current) Apr 2011 Appointed President, Inter-Pacific Bar Association (IPBA) Mar 2012 Appointed Outside Director of the Company Jun 2012 Appointed Director, Ebara Corporation Jun 2013 Appointed Audit & Supervisory Board Member, Takeda Pharmaceutical Company Limited Jun 2013 Appointed Director, Sony Financial Holdings Inc. Jun 2016 Appointed Director (Audit and Supervisory Committee Member), Takeda Pharmaceutical Company Limited Mar 2018 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2019 Appointed Outside Director, Takeda Pharmaceutical Company Limited Apr 2020 Appointed Auditor, Kyoto University iPS Cell Research Foundation (current) Jun 2021 Appointed Outside Director, Toa Corporation (current) Jun 2025 Appointed Outside Director, JERA Co., Inc. (current)
1957-02-22
Dae-hyun KANG
Director
Feb 2004 Joined NEXON Corporation (now NXC Corporation) Oct 2005 Appointed Crazy Arcade Team Leader, NEXON Corporation (now NEXON Korea Corporation) Apr 2007 Appointed MapleLive Development Team Leader, NEXON Korea Corporation Apr 2009 Appointed Head of Live Publishing Office, NEXON Korea Corporation Oct 2011 Appointed Head of Arad Senki Development Office, NEOPLE INC. Apr 2014 Appointed Head of Live Development Division, NEXON Korea Corporation Apr 2017 Appointed Vice President, NEXON Korea Corporation May 2020 Appointed Chief Operating Officer, NEXON Korea Corporation Mar 2024 Appointed Co-Representative Director, NEXON Korea Corporation (current) Mar 2025 Appointed Director of the Company (current)
1981-09-01
Alexander IOSILOVICH
Director
Jun 1998 Joined Donaldson, Lufkin & Jenrette Nov 2000 Joined Credit Suisse First Boston Oct 2001 Joined Liberty Media Corporation Apr 2004 Joined Bank of America Securities LLC Jun 2007 Appointed Head of US Media Investment Banking and Managing Director, Lehman Brothers Holdings Inc. Sep 2008 Appointed Head of US Media Investment Banking and Managing Director, Barclays Capital (now Barclays Corporate and Investment Bank) Oct 2014 Appointed Head of Media Investment Banking Americas and Managing Director, Deutsche Bank AG Jun 2019 Appointed Head of Media Investment Banking Americas and Managing Director, UBS Securities LLC Jul 2021 Appointed Global President and Chief Investment Officer, NXC Corporation (current) Jul 2021 Appointed Partner, Alignment Growth Management, LLC (current) Mar 2022 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company Jul 2022 Appointed Director, Crunchbase, Inc. (current) Mar 2026 Appointed Director of the Company (current)
1975-01-12
Kaoru HATTORI
Director
Apr 1997 Registered as Attorney-at-Law; joined Nishi Sogo Law Office May 2002 Graduated, University of San Diego School of Law (LL.M.) Aug 2002 Joined former Asahi Koma Law Offices Apr 2007 Joined Nagashima Ohno & Tsunematsu Dec 2017 Appointed Special Member, Special Trade Measures Subcommittee, Trade and Investment Subcommittee, Industrial Structure Council Jun 2018 Appointed Director, The Sasakawa Peace Foundation (current) Jun 2024 Appointed Outside Audit & Supervisory Board Member, Toyo Seikan Group Holdings, Ltd. (current) Nov 2024 Appointed Special Member, Subcommittee on Investigation of Unfair Trade Policies and Measures, Trade and Investment Subcommittee, Industrial Structure Council (current) Mar 2026 Appointed Outside Director of the Company (current)
1972-01-14
Naoya TSURUMI
Director (Audit and Supervisory Committee Member)
Sep 2005 Appointed Chief Executive Officer and President, SEGA PUBLISHING EUROPE LTD. Jun 2006 Appointed Chief Executive Officer and President, SEGA HOLDINGS U.S.A., INC. Oct 2006 Appointed Chairman, SEGA OF AMERICA, INC. Apr 2012 Appointed Representative Director, President and Chief Operating Officer, Sega Corporation May 2012 Appointed Vice Chairman and Chief Executive Officer, Jingwen Sega (Shanghai) Co., Ltd. Apr 2014 Appointed Representative Managing Director, Sega Sammy Holdings Inc. Apr 2014 Appointed Vice Chairman and Director, Sega Corporation Jan 2015 Appointed Chairman and Director, CA Sega Joypolis Co., Ltd. (current) Apr 2015 Appointed Vice Chairman and Director, Sega Holdings Co., Ltd. Jul 2017 Appointed Vice President and Director, PARADISE SEGASAMMY Co., Ltd. Apr 2022 Appointed Outside Director, SNK Corporation (current) Dec 2023 Appointed Representative Director, President and Chief Executive Officer, U&I Entertainment Japan K.K. (current) Mar 2025 Appointed Outside Director of the Company Mar 2026 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1958-02-08
Han-min CHO
Director (Audit and Supervisory Committee Member)
Oct 2007 Joined Samil PricewaterhouseCoopers Mar 2009 Commissioned as Finance Officer, Republic of Korea Air Force Jul 2012 Joined KPMG Samjong Accounting Corp. Feb 2015 Joined LS Corp. Feb 2017 Joined Aeneas Private Equity Co., Ltd. Apr 2020 Appointed Head of Korea Investment, NXC Corporation (current) Mar 2023 Appointed Director, NXMH BV (current) Jun 2023 Appointed Director, Bitstamp Limited Mar 2026 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1983-02-23
Large Shareholding Reports
NXC Corporation
2026-06-26
31.35%→46.30%
NXC Corporation
2026-06-23
31.35%→31.35%
NXC Corporation
2026-06-23
31.35%→31.35%
NXC Corporation
2026-06-16
31.35%→31.35%
NXC Corporation
2026-06-04
31.35%→31.35%
NXC Corporation
2026-06-03
31.35%→31.35%
NXC Corporation
2026-06-03
30.10%→31.35%
NXC Corporation
2026-01-16
30.19%→30.10%
Ayar First Investment Company
2026-01-09
10.71%
Public Investment Fund
2026-01-09
10.23%→0.00%
NXC Corporation
2025-12-15
30.19%→30.10%
Nomura Asset Management Co., Ltd.
2025-11-20
4.51%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-13
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-06-26
Large Shareholding Report
EDINET
2026-06-23
Large Shareholding Report
EDINET
2026-06-23
Large Shareholding Report
EDINET
2026-06-16
Large Shareholding Report
EDINET
2026-06-04
Large Shareholding Report
EDINET
2026-06-03
Large Shareholding Report
EDINET
2026-06-03
Large Shareholding Report
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-31
中期経営計画
Capital Markets Briefing 2026 Presentation Slides with Speech Script
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-01-16
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
EDINET
2025-12-15
Large Shareholding Report
EDINET
2025-11-20
Large Shareholding Report
TDnet
2025-11-11
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-13
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-13
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-09-03
中期経営計画
NEXON Capital Markets Briefing 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-27
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
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