February 9, 2023 | |
Name of Company: | NEXON Co., Ltd. |
Representative: | Owen Mahoney, Representative Director, |
President and Chief Executive Officer | |
(Stock Code: 3659, TSE Prime Market) | |
Contact: | Shiro Uemura, Representative Director and |
Chief Financial Officer | |
Telephone: | 03-6629-5318 |
Announcement Regarding Differences Between Full Year and Fourth Quarter Outlook and
Actual Results
NEXON Co., Ltd. ("Nexon") today made an announcement regarding the differences between the consolidated results outlook for the full year (January 1, 2022 through December 31, 2022) and the fourth quarter (October 1, 2022 through December 31, 2022) of the year ended December 31, 2022 as announced on November 9, 2022 and actual performance.
1. Differences between the consolidated results outlook and actual results
Difference between the business outlook for the full year (January 1, 2022 through December 31, 2022) and actual performance
(Prepared in accordance with IFRS)
(Units: millions of yen, %)
Income | Net Income | Basic | |||||
Revenue | Operating | Before | Net Income | Attributable | Earnings per | ||
Income | Income | to Owners of | Share | ||||
Taxes | the Parent | (yen) | |||||
Initial forecast | 348,093 | 100,272 | 165,787 | 113,236 | 113,737 | 129.99 | |
~ | ~ | ~ | ~ | ~ | ~ | ||
(A) | |||||||
356,368 | 106,689 | 172,206 | 118,022 | 118,418 | 135.34 | ||
Performance for | 353,714 | 103,696 | 140,525 | 99,990 | 100,339 | 114.74 | |
the full year (B) | |||||||
5,621 | 3,424 | (25,262) | (13,246) | (13,398) | |||
Difference (B-A) | ~ | ~ | ~ | ~ | ~ | ||
(2,654) | (2,993) | (31,681) | (18,032) | (18,079) | |||
Percentage | 1.6% | 3.4% | (15.2%) | (11.7%) | (11.8%) | ||
~ | ~ | ~ | ~ | ~ | |||
change (%) | |||||||
(0.7%) | (2.8%) | (18.4%) | (15.3%) | (15.3%) | |||
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Difference between the business outlook for the fourth quarter (October 1, 2022 through December 31, 2022) and actual performance
(Prepared in accordance with IFRS)
(Units: millions of yen, %)
Income | Net Income | Basic | |||||
Revenue | Operating | Before | Net Income | Attributable | Earnings per | ||
Income | Income | to Owners of | Share | ||||
Taxes | the Parent | (yen) | |||||
Initial forecast | 75,474 | 7,544 | 8,922 | 5,475 | 5,465 | 6.32 | |
~ | ~ | ~ | ~ | ~ | ~ | ||
(A) | |||||||
83,749 | 13,961 | 15,341 | 10,261 | 10,147 | 11.73 | ||
Fourth quarter | 81,095 | 10,968 | (16,340) | (7,770) | (7,932) | (9.18) | |
performance (B) | |||||||
5,621 | 3,424 | (25,262) | (13,246) | (13,398) | |||
Difference (B-A) | ~ | ~ | ~ | ~ | ~ | ||
(2,654) | (2,993) | (31,681) | (18,032) | (18,079) | |||
Percentage | 7.4% | 45.4% | - | - | - | ||
~ | ~ | ~ | ~ | ~ | |||
change (%) | |||||||
(3.2%) | (21.4%) | - | - | - | |||
2. Reason for the differences
For the fourth quarter (October 1, 2022 through December 31, 2022), operating income exceeded the low-end of the previous outlook primarily due to PC online revenue exceeding our expectations in China. Income before income taxes, net income and net income attributable to owners of the parent company were lower than the previous outlook in the fourth quarter, primarily due to a foreign exchange loss of JPY 25,017 million recorded on the U.S. dollar-denominated cash deposits owned by overseas subsidiaries.
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Nexon Co. Ltd. published this content on 09 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2023 06:22:07 UTC.