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The latest announcement is out from NEXON Co ( (JP:3659) ).
NEXON Co., Ltd. announced that its consolidated subsidiary, Nitro Studio Co., Ltd., has filed for bankruptcy in South Korea. Nitro, which was fully acquired by NEXON Korea in 2024, failed to meet performance expectations with its in-house game, leading to the termination of its services. As a result, Nitro’s bankruptcy is seen as a necessary step to liquidate the entity, which holds significant liabilities, including loans from NEXON Korea. Despite this development, NEXON’s consolidated financial results will remain unaffected due to prior allowances for doubtful accounts.
The most recent analyst rating on (JP:3659) stock is a Hold with a Yen3441.00 price target. To see the full list of analyst forecasts on NEXON Co stock, see the JP:3659 Stock Forecast page.
More about NEXON Co
NEXON Co., Ltd. is a prominent player in the gaming industry, primarily focusing on the development and publishing of online games. The company operates globally, leveraging its intellectual property to create engaging gaming experiences. NEXON Korea, a subsidiary, plays a significant role in the company’s operations, particularly in the Korean market.
Average Trading Volume: 1,759,424
Technical Sentiment Signal: Buy
Current Market Cap: Yen2563B
See more data about 3659 stock on TipRanks’ Stock Analysis page.