Ayal First Investment Company Takes 10.71% Stake in Nexon (3659) | Large Shareholding Report

A large shareholding report (EDINET filing) reveals that Ayal First Investment Company has raised its stake in Nexon (3659) to 10.71%. This acquisition marks entry by an Israeli-based investment company. Nexon is a game company primarily engaged in planning, developing, and operating online games, with a diverse portfolio spanning PC and mobile titles. The 10.71% stake positions the investor as a major shareholder controlling roughly one-tenth of the company's market capitalization.

The estimated acquisition cost stands at approximately ¥336.42 billion. With no prior disclosure by the same filer within the past 400 days, this represents either a newly-initiated stake or a substantial reactivation of prior holdings. A foreign investor with previously limited ties to the company has thereby secured a meaningful stake substantial enough to influence corporate engagement.

*Speculation: The large-scale investment during a stable market backdrop may reflect international capital's confidence in the company's game development capabilities and cash generation potential.