NEXON: Opinion on the recording of non-operating income (foreign exchange gain)

February 8, 2022

Company Name:

NEXON Co., Ltd.

Representing:

Owen Mahoney, Managing Director,

CEO and President

(Stock code: 3659, first section TSE)

Contact:

Shiro Uemura, Deputy Director and

Financial director

Phone:

03-6629-5318

Opinion on the recording of non-operating income (exchange gain)

NEXON Co., Ltd. (“Nexon”) today announced that it recorded non-operating earnings (foreign exchange gain) as follows in its stand-alone accounting for the year ended December 31, 2021 (January 1, 2021 to December 31, 2021).

  1. The details of non-operating income (exchange gain)
    In the stand-alone accounting for the year ended December 31, 2021, a foreign exchange gain of JPY 6,565 million was recorded in non-operating revenue due to changes in foreign exchange rates. This is mainly due to the revaluation of Nexon’s foreign currency denominated deposits based on year-end exchange rates.
  2. Impact on financial results
    The non-operating revenue above is reflected in the consolidated financial results for the year ended December 31, 2021 [IFRS] announced today.

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Nexon Co.Ltd. published this content on February 08, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on February 08, 2022 06:21:07 UTC.