NEXON Co., Ltd. (3659.T) stock analysis

In our weekly check, NEXON Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 5, red flags: 3.

About NEXON Co., Ltd.

NEXON Co., Ltd. is a Technology company (Electronic Gaming & Multimedia) based in Japan, listed on JPX as 3659.T.

What our checks show for 3659.T

Red flags

• The net margin fell by 15.5 points over 5 years, to 26.4%: the company keeps less of each sale as profit.
• The gross margin fell by 13.6 points, to 60.1%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 7.3 points from today's 26.4%.

Warning signs

• Analysts expect earnings per share to shrink about 10.4% a year.
• Analysts expect only about 2.5% a year of growth in revenue.
• The price swings a lot: 47.4% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 58% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 2.3 years.

Strengths

• Debt is low: 0.05x equity.
• Operating profit covers interest 32.7 times over.
• Earnings per share grew 14.4% a year over the last 3 years.
• Net profit grew 10.6% a year over the last 3 years.
• The company keeps 26.4% of its revenue as net profit.
• Free cash flow is 22% of revenue: cash for dividends, buybacks or growth.

Next earnings report: 2026-11-10

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Questions

What grade does NEXON Co., Ltd. (3659.T) have?

In our weekly check, NEXON Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 5, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 3659.T stock?

This week's biggest flags for NEXON Co., Ltd.: Margins falling, Gross margin falling, Margins expected to shrink. In total 8 of 25 checks show a warning or a red flag.

What does NEXON Co., Ltd. do?

NEXON Co., Ltd. is a Technology company (Electronic Gaming & Multimedia) based in Japan, listed on JPX as 3659.T.

When does NEXON Co., Ltd. report earnings next?

The next earnings report is expected on 2026-11-10. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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