Nexon Corporation (3659) Stock Price, Fundamentals & Analysis

What 3659 does

Nexon Corporation (3659) is a Japanese video game company listed on the Tokyo Stock Exchange. Founded in 1994 and headquartered in Tokyo, the company develops, produces, and distributes video games and mobile games in Japan and internationally, offering PC online games, mobile games, and console games. It was formerly known as NEXON Japan Co., Ltd. and adopted its current name in April 2009. With around 9,834 employees, it operates in the Communication Services sector, within the Electronic Gaming & Multimedia industry — a space that also includes peers such as Nintendo (7974), Konami (9766), and CyberAgent (4751).

Key numbers explained

• Market capitalization of 2.43T JPY — the total market value of all shares; a figure this size places Nexon among the larger Japanese-listed companies.
• P/E ratio of 18.2 (trailing) — investors currently pay about 18.2 times the company's last twelve months of earnings per share (170.76 JPY) for one share priced at 3,116 JPY. The forward P/E of 18.6 is based on expected earnings.
• Dividend yield of 1.93% — the annual dividend as a percentage of the share price. The company pays out 35% of its earnings as dividends, with the ex-dividend date on Sep 29, 2026.
• Profit margin of 26.4% and operating margin of 25.8% — roughly a quarter of revenue (515.63B JPY over the trailing twelve months) is retained as profit, which is a strong level for the gaming industry.
• Revenue growth of 1.9% year over year — modest top-line expansion.
• Beta of 0.55 — the stock has historically moved less than the overall market, suggesting lower volatility than a typical stock.
• 52-week range of 2,110 – 4,434 JPY and a -4% change over the last year — the price currently sits between its yearly low and high.
• Debt-to-equity ratio of 4.5% and return on equity of 12.5% — very low debt levels and a moderate return generated on shareholders' equity.

What to watch

As a gaming company, Nexon's results depend on the popularity and longevity of its game titles, player engagement, and the success of new releases. Currency movements between the Japanese yen and other currencies can affect internationally earned revenue. Competition within the Electronic Gaming & Multimedia industry — from companies like Tōhō (9602) and other Tokyo Stock Exchange stocks — as well as shifts in consumer spending on entertainment, platform policies, and regulatory changes in key markets are general factors that influence this type of business. The next earnings date is Nov 10, 2026, when updated financial results will be published.