Nexon announced a special dividend of ¥415 per share, bringing its annual dividend for 2026 to ¥475. Based on the share price at the time of the announcement, the dividend yield reached approximately 19%. Buying flooded into the Japanese market and the share price surged. Korean online users reacted that Japanese companies should also follow suit in returning profits to shareholders.
Nexon announced that it would pay a special dividend of ¥415 per share, with 30 September 2026 set as the record date. Including the existing dividend, the annual dividend will be ¥475 per share, and the dividend yield based on the share price at the time of the announcement reached approximately 19%, attracting significant attention in the Japanese market.
In Japan’s stock market, such a high level of shareholder returns is unusual. Reports said buy orders flooded into Nexon shares, driving them to the daily price limit. Meanwhile, stock-related online communities in Japan saw a succession of comments expressing surprise and concern about what may happen next.
Nexon has adopted a structure for expanding shareholder returns in the Japanese market, under which Nexon receives part of the profits earned by Nexon Korea and pays dividends to Japanese shareholders. Nexon Korea recently paid Nexon an interim dividend of approximately KRW 3.57 trillion.
Nexon’s largest shareholder is NXC, which holds 46.3% of the company’s shares. The founder’s family owns 74% of NXC. A Japanese investment-focused YouTuber said that, in light of this structure, the owner family’s influence is affecting the dividend.