March 28, 2024

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Nexon Discloses Investments in Hasbro, BANDAI NAMCO, KONAMI and SEGA SAMMY

3 min read

TOKYO–(Enterprise WIRE)–NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in on-line online games, filed disclosures like financial investment quantities1 in 4 publicly traded businesses: Hasbro, Inc., BANDAI NAMCO Holdings Inc., KONAMI HOLDINGS Company and SEGA SAMMY HOLDINGS INC. Other investments did not fulfill the company’s threshold2 for disclosure.

In 2020, Nexon’s board approved up to $1.5 billion for financial commitment in enjoyment organizations that demonstrate the skill to build and maintain robust globally identified mental assets. These are extended-phrase friendly investments with no intention of acquisition or activism. As of the conclude of 2020, Nexon concluded investments totaling ¥92.4 billion ($874 million) which represents 58% of the authorized sum and recorded an unrealized obtain of ¥29.5 billion3 ($279 million3) underneath other in depth profits.

“We consider organizations with potent, properly-managed world IP are often overlooked and undervalued in a marketplace that is narrowly concentrated on introductions of new IP,” said Owen Mahoney, President and CEO of Nexon. “These investments mirror our regard for management groups that make and grow worldwide qualities around a period of many years and many years. We feel that each individual has prospective to capitalize on the secular shift from linear formats to interactive leisure.”

Mahoney ongoing, “These investments characterize a good use of our funds in a low-fascination surroundings and we are exceptionally delighted with the initial effects. Though leveraging partnerships was not a consideration in our financial commitment decisions, we are pleased with the dialogue that has ensued with some providers.”

Nexon is a world leisure organization with a stable stability sheet, considerable cash reserves, solid cash circulation and a proven means to produce and sustain world IP for several years – even many years. In 2020, the enterprise created revenues of ¥293. billion and working hard cash stream of ¥137.6 billion and as of December 31, 2020, has ¥525.7 billion4 in income on the equilibrium sheet. In November 2020, Nexon announced a a few-calendar year share buyback interval5 with a optimum acquisition amount of money of ¥100. billion.

Once-a-year Securities Report is out there from the link below (Japanese only).

https://pdf.irpocket.com/C3659/HRxf/vAEJ/tbMp.pdf

About NEXON Co., Ltd. http://enterprise.nexon.co.jp/en/

Launched in 1994, NEXON Co., Ltd. (Nexon) (3659.TO) is a firm engaged in the output, advancement and procedure of on-line online games and Digital Worlds. Initially detailed on the Tokyo Stock Exchange in December 2011, Nexon was positioned on JPX400 in 2015 and extra to the Nikkei Stock Index 300 in 2017. In 2020, Nexon was added to the Nikkei 225. Nexon at the moment has far more than 50 are living video games on multiple platforms which includes mobile and available in extra than 190 nations around the world. Big game franchises consist of MapleStory, KartRider and Dungeon&Fighter.

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1 Market value of the financial commitment as of the stop of 2020

2 Disclosure thresholds were established by Nexon in consultation with an outside auditor

3 Signifies the variation involving the acquisition expenses and the sector benefit of our fairness investments does not replicate the impact of deferred tax liabilities on unrealized gains

4 Aggregation of “Cash and funds equivalents” and “Other deposits”

5 3-year interval from November 11, 2020 to November 10, 2023

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