Nexon's market capitalisation has surged past 29.1 trillion KRW (3.1 trillion JPY).

The closing price for Nexon (Japan entity) hit 3,768 JPY on the 27th, maintaining a robust momentum between 3,600 and 3,700 JPY since their Q3 earnings report on the 11th. This marks the highest peak in roughly four years and seven months since April 2021.

During the Capital Markets Briefing (CMB) held in Tokyo last September, CEO Lee Jung-hun laid out a clear roadmap: achieving an annual revenue of 750 billion JPY by 2027 by balancing 'vertical growth' through existing major IP expansion and 'horizontal growth' via the pursuit of brand-new IP.

A year on, the company's valuation has seen a rather impressive climb, rising approximately 30.4% from the pre-CMB closing price of 2,889 JPY recorded on September 2, 2024.

The 'vertical' side of the ledger remains anchored by heavyweights like MapleStory, Dungeon & Fighter (PC), and the FC franchise. These are bolstered by the success of Dave the Diver, which surpassed 5 million units in global sales, and the ever-loyal fanbase of the subculture hit Blue Archive.

New releases this year have certainly driven that 'horizontal' growth. Notably, Mabinogi Mobile and The First Berserker: Khazan secured the Grand Prize and Excellence Award respectively at the 2025 Korea Game Awards.

Furthermore, Arc Raiders—developed by subsidiary Embark Studios and launched on October 30—has already moved over 4 million units globally as of November 11. Meanwhile, the mobile idle RPG MapleStory: Idle RPG, which debuted on November 6, managed to clinch the top spot on the Google Play revenue charts.

Reflecting on the Q3 results, CEO Lee Jung-hun stated, "We intend to accelerate growth across both our core franchises and new IP according to our expansion strategy. By diversifying our portfolio and securing sustainable revenue streams, we are cementing our position in the global market."