Nexon is our top pick in the Japanese Gaming Sector. The company is cash rich, and its Live Game Operations generate significant free cash flow - a great environment for shareholder returns
Boomeranged on Thu, 10 Aug 2023 08:31
[EARNINGS] NEXON CO LTD(3659) Q2 FY12/2023 Operating Profit 27.614 billion yen,21.7%YoY inline with Consensus 27 billion yen. 3Q OP guidance between 36.6 billion to 44.5 billion yen., above consensus 33 billion yen. Authorized a one year acceleration of the ¥100 billion share buyback. Will immediately repurchase of ¥20 billion worth of stock in a three-month period beginning August 10.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.