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PRESS RELEASE: NACON: Availability of the 2025/26 half-year Financial Report
Globenewswire· 2025-12-30 17:16
Core Viewpoint - Nacon has announced the availability of its 2025/26 half-year financial report, which has been impacted by a legal dispute requiring a restatement of the financial accounts [2][3]. Financial Report Availability - The 2025/26 half-year financial report is accessible on Nacon's corporate website under the "Investor' Area" and "Financial Information" sections [2]. Restatement of Financial Accounts - Nacon's auditors required a restatement of the half-year accounts due to an ongoing legal dispute, leading to a provision of €2.5 million being recorded [3]. - The restatement has caused a delay in the release of the half-year financial report, which was initially published on November 24 [3]. Legal Dispute Details - The legal dispute, ongoing for over 15 years, involves patents held by Nintendo concerning controllers that are no longer marketed by Nacon [4]. - A recent unfavorable ruling by German courts against Bigben Interactive GmbH, Nacon's distribution subsidiary, has prompted the company to appeal the decision [4][5]. Upcoming Events - The third-quarter financial results for 2025/26 are scheduled to be released on January 19, 2026, after market close [6]. Company Overview - Nacon, a subsidiary of the BIGBEN group, was established in 2019 and focuses on optimizing expertise in the video game market, with 16 development studios and a distribution network in 100 countries [6]. - For the fiscal year 2024/2025, Nacon reported IFRS revenue of €167.9 million and an operating profit of €1.1 million [6].