The company Nexon informed investors about its financial plans for the coming years. It aims to significantly increase its revenues by 2027.
The First Descendant
Nexon plans that by 2027:
- its annual revenue will reach 750 billion yen ($5.22 billion), which is a 77.3% increase compared to 2023;
- annual operating profit will grow to 250 billion yen ($1.74 billion), marking an 85% increase compared to 2023;
- the total annual income from its three key franchises (Dungeon & Fighter, MapleStory, and FC) will rise to 530 billion yen ($3.69 billion), a 76% increase compared to 2023.
Nexon also reported that it has set a minimum target for ROE (Return on Equity) at 10%, with the potential to increase to 15%. It was noted that ROE indicates how much profit the invested money in the company generates.
As Nexon explained, revenue growth will largely be achieved through its new approach to franchise management—back in early August, Nexon announced that it would more actively develop new IPs and introduce existing projects to new platforms and markets.
Nexon added that it will focus more on "hyperlocalization" by creating special teams in different regions to develop unique content that considers cultural characteristics.