NEXON, 91% Increase in Net Income for the Last Fiscal Year, Current period performance is undisclosed., Dividend Raised by 7.5 yen

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Thu Feb 13, 2025 3:30 pm JST Earnings

3659 NEXON Co., Ltd. 【IFRS】

Earnings Report

NEXON Co., Ltd. <3659> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income for the fiscal year ending December 2024 expanded 91.0% from the previous period to 134 billion yen, exceeding the previous forecast of 106 billion yen. This marks the third consecutive term of revenue growth. Furthermore, the company did not disclose the performance outlook for the fiscal year ending December 2025.

At the same time, the company has decided to increase the dividend this fiscal year to 30 yen, an increase of 7.5 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated net income/loss turned to a profit of 32 billion yen (compared to a loss of 41.8 billion yen in the same period last year). However, the operating profit/loss margin drastically worsened from 5.4% in the same period last year to -2.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	353,714	103,696	140,525	100,339	114.7	10	Feb 9, 2023	IFRS
Dec, 2023	423,356	134,745	125,929	70,609	82.9	10	Feb 8, 2024	IFRS
Dec, 2024	446,211	124,176	195,987	134,848	161.8	22.50	Feb 13, 2025	IFRS
YoY	+5.4%	-7.8%	+55.6%	+91.0%	+95.2%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	455,750	128,817	161,507	106,126	128.3	22.50	Nov 12, 2024	IFRS
Dec, 2024 Results	446,211	124,176	195,987	134,848	161.8	22.50	Feb 13, 2025	IFRS
Revision Rate	-2.1%	-3.6%	+21.3%	+27.1%	+26.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	230,892	74,370	115,673	75,796	90.4	7.50	Aug 8, 2024	IFRS
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	15	Feb 13, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	423,356	134,745	125,929	70,609	82.9	10	Feb 8, 2024	IFRS
Dec, 2024	446,211	124,176	195,987	134,848	161.8	22.50	Feb 13, 2025	IFRS
Dec, 2025 Guidance	ー	ー	ー	ー	－	30	Feb 13, 2025	IFRS
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	84,577	4,546	-41,660	-41,887	-49.2	5.4	Feb 8, 2024	IFRS
Jan - Mar, 2024	108,418	29,146	54,239	35,918	42.8	26.9	May 14, 2024	IFRS
Apr - Jun, 2024	122,474	45,224	61,434	39,878	47.6	36.9	Aug 8, 2024	IFRS
Jul - Sep, 2024	135,593	51,535	38,907	27,023	32.3	38.0	Nov 12, 2024	IFRS
Oct - Dec, 2024	79,726	-1,729	41,407	32,029	38.4	-2.2	Feb 13, 2025	IFRS
YoY	-5.7%	－	－	－	－