Japan · Delayed Price · Currency is JPY NEXON Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 results driven by ARC Raiders and MapleStory, but Q2 is expected to be the weakest due to Dungeon & Fighter challenges. Multiple catalysts, including major updates and new launches, are set for the second half, with a strong pipeline and capital returns planned.
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Leadership is driving a strategic reset, focusing on fewer, high-impact projects, cost discipline, and global expansion. AI and data-driven development are central, with MapleStory and new titles leading growth. Shareholder returns remain strong, with 2026 marking the start of a transformation.
Fiscal Year 2025
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Record revenue growth in 2025 was driven by core franchises and new titles, notably ARC Raiders, which surpassed 14 million unit sales. MapleStory Idle RPG's coding error led to refunds and reforms, while strong cash flow enabled higher dividends and share buybacks.
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Q3 revenue and operating income met guidance, with net income up 41% year-over-year due to FX gains. ARC Raiders sold over 4 million units post-launch, and MapleStory is on track for record growth. Dividend doubled and share buyback continues, supporting strong shareholder returns.
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Q2 results exceeded expectations with strong growth in MapleStory and Dungeons & Fighter PC, though FX losses weighed on net income. Q3 guidance anticipates lower revenue and operating income YoY, but MapleStory is set for accelerated growth and new global launches are expected to drive future momentum.
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Q1 revenue rose 5% year-over-year to JPY 113.9B, with operating income up 43% on strong franchise growth and lower costs. New games Khazan and Mabinogi Mobile launched successfully, while Q2 guidance anticipates a revenue dip due to tough comparisons and FX headwinds.
Fiscal Year 2024
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Q3 saw record revenue and operating income, driven by strong growth in Dungeon & Fighter Mobile and new IP launches, despite FX headwinds. The company raised its dividend, authorized a major share buyback, and reaffirmed ambitious 2027 growth targets.