Nexon reports $10.29bn share buyback

Nexon (TSE:3659) today reported that it repurchased 4,247,000 of its ordinary shares between May 1, 2025 and May 31, 2025, at a total cost of JPY 10,291,047,013, through market purchases on the Tokyo Stock Exchange. This buyback is part of a larger program, authorized on February 13, 2025, which allows for the repurchase of up to 32,000,000 shares at a maximum cost of JPY 50 billion, running from February 14, 2025, to June 30, 2025. As of May 31, 2025, Nexon has repurchased a total of 19,013,600 shares for JPY 40,559,963,948 since the board resolution. The total amount of 32,000,000 shares represents 3.9% of outstanding shares.