Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  NEXON Co., Ltd.    3659   JP3758190007

NEXON CO., LTD.

(3659)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Nexon : Makes Strategic Investment in IMC GAMES, Developer of PC Online Game Tree of Savior

share with twitter share with LinkedIn share with facebook
share via e-mail
02/26/2017 | 09:18pm EST

TOKYO - February 27, 2017 - NEXON Co., Ltd. (3659.TO) ('Nexon'), a global leader in online games for PC and mobile, today announced that its consolidated subsidiary, NEXON Korea Corporation ('Nexon Korea') has made a strategic investment in IMC GAMES Co., Ltd. ('IMC GAMES').

Founded in April 2003 and led by Chief Executive Officer Hakkyu Kim, a veteran game developer, IMC GAMES is a game development studio known for its massively multiplayer online role playing games (MMORPG) with rich and creative graphics including Tree of Savior and Granado Espada.

With this investment, Nexon and IMC GAMES will work closely together to reinforce service of Tree of Savior and launch Tree of Savior: Mobile Remake globally, which is currently under development.

'We're thrilled to strengthen our collaboration with our talented partner, IMC GAMES,' said Jiwon Park, Chief Executive Officer of Nexon Korea. 'We are confident that together we will continue to deliver high-quality games that leverage strength of each company in game development and publishing.'

'We hope this partnership with Nexon will be an opportunity for us to promote the development of the new mobile title,' saidHakkyu Kim, Chief Executive Officer of IMC GAMES. 'We look forward to delivering high-quality content through both new and existing titles.'

Open world MMORPG, Tree of Savior, has been serviced since December 2015 in Korea and since September 2016 in Japan, and features fairytale-motif graphics, as well as a class-development system for detailed customization of character skills, and an expansive game world for players.

About NEXON Co., Ltd. http://company.nexon.co.jp/
NEXON Co., Ltd. ('Nexon') (3659.TO) is a global leader in online games for PC and mobile. Founded in Korea in 1994, Nexon developed one of the world's first graphics-based massively multiplayer online games. Nexon also pioneered the concept of microtransactions and the free-to-play business model, setting a new standard in which play is free, and users have the option to purchase in-game items to enhance their experience. Nexon currently services over 100 titles in more than 190 countries. The Company is headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock Exchange.

About IMC GAMES Co., Ltd. http://www.imc.co.kr/ (Korean Only) IMC GAMES is specialized in developing MMORPG founded by Hakkyu Kim in 2003. Its purpose is to offer players not only the fun of online games, which is to connect people, but also further values of freshness and immersiveness of games. It has been globally servicing Granado Espada since 2006. Recently, the company has been undertaking new projects such as WOLFKNIGHTS.

Nexon Co. Ltd. published this content on 27 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 February 2017 02:18:17 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on NEXON CO., LTD.
02/20NEXON : Notice of Dividends of Surplus
PU
02/20NEXON : Announcement Regarding Candidates for Directors and Audit and Supervisor..
PU
02/20NEXON : Notice of Grant of Stock Options (Agenda of Annual General Meeting of Sh..
PU
02/13NEXON : Announcement Regarding Differences Between Full Year and Fourth Quarter ..
PU
02/13NEXON : Notice of Retirement of Treasury Stock
PU
02/13NEXON : Notice of Change in Dividend Policy and Revision of Dividend Forecast
PU
02/13NEXON : Notice on Dividend of Surplus from Consolidated Subsidiary
PU
02/13NEXON : Consolidated Financial Results for the Fiscal Year Ended December 31, 20..
PU
01/31NEXON : (Update of Previous Disclosure) Notice of Execution of Share Transfer Ag..
PU
01/29NEXON : Status Report and End of Share Buyback Program (Share buyback based on t..
PU
More news
Financials (JPY)
Sales 2020 272 B
EBIT 2020 104 B
Net income 2020 91 271 M
Finance 2020 534 B
Yield 2020 0,16%
P/E ratio 2020 17,4x
P/E ratio 2021 16,5x
EV / Sales2020 3,99x
EV / Sales2021 3,48x
Capitalization 1 618 B
Chart NEXON CO., LTD.
Duration : Period :
NEXON Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NEXON CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 1 890,00  JPY
Last Close Price 1 837,00  JPY
Spread / Highest target 34,5%
Spread / Average Target 2,89%
Spread / Lowest Target -23,8%
EPS Revisions
Managers
NameTitle
Owen Mahoney President & Representative Director
Shiro Uemura CFO, Representative Director & GM-Administration
Satoshi Honda Independent Outside Director
Shiro Kuniya Independent Outside Director
Dohwa Li Director
Sector and Competitors
1st jan.Capitalization (M$)
NEXON CO., LTD.0.11%14 659
ACTIVISION BLIZZARD4.86%47 870
NETEASE, INC.,12.51%42 864
ZHEJIANG CENTURY HUATONG GROUP CO LTD--.--%12 428
WUHU SANQI INTRCTV ENT NTWK TCH GRP COLD--.--%11 423
NCSOFT CORP--.--%11 212