NEXON Co., Ltd. (3659) Earnings Call Transcripts
NEXON Co., Ltd.'s Latest Earnings Call - Q1 FY2026
In Q1 2026, NEXON Co., Ltd. reported strong financial performance with revenue of JPY 152.2 billion and operating income of JPY 58.2 billion, reflecting year-over-year increases of 34% and 40%, respectively. The company highlighted the success of ARC Raiders and sustained growth in the MapleStory franchise, although management cautioned that Q2 is expected to be the weakest quarter of the year due to challenges in the Dungeon&Fighter franchise. Guidance for Q2 revenue is projected between JPY 107 billion and JPY 119.7 billion, indicating a potential decline compared to the previous year.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | JPY 152.2 billion (beat) |
| Operating Income | JPY 58.2 billion (beat) |
| Net Income | JPY 57.2 billion (beat) |
| Dungeon&Fighter Revenue Decline | -26% YoY (negative) |
| MapleStory Revenue Growth | 42% YoY (positive) |
| Q2 Revenue Guidance | JPY 107 billion to JPY 119.7 billion (negative) |
Guidance from management
Management expects Q2 revenue to decline due to challenges in the Dungeon&Fighter franchise, with guidance set between JPY 107 billion and JPY 119.7 billion. They anticipate a stronger second half driven by multiple catalysts including new game launches and updates.
What management said
It is true that China business is in a challenging situation and we need some time in order to rebuild the business in China. So it's very important to decide how we are going to rebuild our business in China. But other than that aspect, as I have mentioned, there are multiple catalysts that we can count on. So it all depends on what kind of countermeasures that we can take and overcoming the challenges that we have ...
We do not actually "forecast" what will be the FX, but if you can kindly turn to Page 10, which elaborates on our FX sensitivity, as you can see for now for Q2, we are assuming JPY 159.33 to a dollar. Excuse me, I would like to correct myself. If you can turn to Page 19. This is a slide that shows FX sensitivity. And regarding the revenue, assuming that, that is a JPY 1 change in FX between yen to dollar for revenu...
What analysts pressed on
Analysts expressed concerns regarding the aging Dungeon&Fighter franchise and its ability to maintain revenue levels. There were also questions about the impact of FX fluctuations and the potential for increased HR costs due to performance-linked bonuses.
Main topics on the call
- Strong Performance of ARC Raiders — ARC Raiders achieved cumulative sales of over 16 million units, with more than half of active players spending over 100 hours in the game. Management stated, "the ongoing success of ARC Raiders... is a high point in our ...
- Challenges in Dungeon&Fighter Franchise — Management acknowledged that the Dungeon&Fighter franchise is facing significant challenges, particularly with the mobile game, stating, "Changing the trajectory of the mobile game is our top priority."
- MapleStory Franchise Growth — The MapleStory franchise saw a 42% year-over-year increase, driven by new experiences such as MapleStory: Idle RPG and MapleStory Worlds. Management noted, "This performance adds confidence to our disc system, the introd...
- Q2 Guidance and Expectations — Management expects Q2 revenue to be between JPY 107 billion and JPY 119.7 billion, indicating a year-over-year decline. They stated, "Our outlook reflects the decline in the Dungeon&Fighter franchise and MABINOGI MOBILE....
Read the full NEXON Co., Ltd. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About NEXON Co., Ltd.
NEXON Co., Ltd. (3659) is a publicly listed company in the Entertainment industry, within the Communication Services sector. It trades on TSE and is based in JP. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 28 calls on record spanning February 13, 2020 to May 14, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 28 NEXON Co., Ltd. earnings call transcripts on record, spanning February 13, 2020 to May 14, 2026. Based on this history, NEXON Co., Ltd. reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- 3659
- Exchange
- TSE
- Country
- JP
- Sector
- Communication Services
- Industry
- Entertainment
- Calls on record
- 28
- First call
- February 13, 2020
- Most recent
- May 14, 2026
- Reporting cadence
- quarterly