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Financial
Summary of Financial Results for Second Quarter (First Half) of Fiscal Year Ended December 31, 2024
KLab Inc. reported a significant downturn in financial performance for the first half of the fiscal year ending December 31, 2024. Revenue fell to 3,629 million yen, a 32.4% decrease compared to the same period in 2023. This decline contributed to an operating loss of 1,024 million yen and a total loss attributable to owners of the parent of 1,341 million yen. Consequently, the company reported a net loss per share of 32.47 yen and maintained a policy of no dividend payments. The financial status shows total assets of 18,652 million yen and an equity ratio of 60.2%. During this period, the company underwent structural changes, notably excluding BLOCKSMITH&Co. and its subsidiary from consolidation after selling a portion of its shares, shifting the blockchain-related business to the equity method. To bolster its capital, the company issued new stock acquisition rights and unsecured bonds through third-party allotment, resulting in an increase in capital stock and capital surplus. Despite three consecutive years of operating deficits and negative cash flows, management maintains that there is no material uncertainty regarding the company’s ability to continue as a going concern. The recovery strategy focuses on the development of high-profile mobile titles, such as EA SPORTS FC™ TACTICAL and a project based on My Hero Academia, alongside a shift toward hybrid casual games. Cost-reduction measures, including the review of outsourcing and personnel expenses, are being implemented in tandem with the sale of investment securities to ensure liquidity. Due to the volatility of the mobile gaming market, the company has declined to provide a consolidated performance forecast for the remainder of the fiscal year.
KLabAug 2024
Financial
Summary of Financial Results for Third Quarter of Fiscal Year Ended December 31, 2022
The financial results for KLab Inc. during the first nine months of the fiscal year ended December 31, 2022, reveal a period of significant contraction in revenue alongside narrowing operational losses. Total revenue reached 12.5 billion yen, representing a 33.1% decrease compared to the 18.7 billion yen reported during the same period in 2021. Despite this decline, the company managed to reduce its operating loss from 729 million yen in the previous year to 570 million yen. Notably, the company achieved a positive ordinary income of 195 million yen, a recovery from an 850 million yen loss in 2021, largely bolstered by 628 million yen in foreign exchange gains. The scope of these results covers the consolidated performance of the Japanese entity and its subsidiaries from January 1 to September 30, 2022. The primary industry segment is the Game Business, which accounted for 12.1 billion yen of total revenue, while the Research & Consulting and other businesses contributed approximately 316 million yen. Geographically, the report focuses on the Japanese market under Japanese GAAP. A significant methodology change occurred during this period with the adoption of the Accounting Standard for Revenue Recognition. This shift altered how the company recognizes income from in-game currency and licenses, resulting in a 65 million yen decrease in reported revenue for the period compared to previous accounting methods. The consolidated financial status shows total assets increasing to 20.4 billion yen, up from 18.7 billion yen at the end of 2021, supported by a rise in cash and deposits. However, the company reported a net loss attributable to owners of the parent of 307 million yen, though this was a substantial improvement over the 1.7 billion yen loss recorded in the prior year. Due to the inherent volatility of the mobile gaming market, the company has declined to provide specific consolidated performance forecasts for the remainder of the fiscal year.
KLabNov 2022
Financial
FY2022 Second Quarter Consolidated Financial Results (Japanese GAAP)
CyberAgent achieved significant financial growth during the second quarter of fiscal year 2022, characterized by a 23.0% year-on-year increase in net sales to ¥362,192 million and a 38.2% rise in operating income to ¥45,527 million. This performance was primarily anchored by the Game Business, which experienced a 58.2% surge in operating income driven by high-profile anniversary events for major titles. Simultaneously, the Internet Advertisement Business reached record-high performance levels, further stabilizing the company’s revenue base. While the Media segment, centered on the ABEMA platform, reported a loss of ¥5,804 million, this reflects a deliberate strategy of medium-to-long-term investment to scale the service. The geographic focus remains centered on the Japanese market, with results reflecting the implementation of new revenue recognition standards. These accounting changes shifted the timing of game item charge recognition to align with estimated usage periods, though the overall impact on consolidated sales and segment income remained minor. Despite the robust quarterly figures, management maintains a conservative outlook for the remainder of the fiscal year, anticipating a potential pullback in gaming profits as the immediate impact of major events stabilizes. The financial data reveals a stark contrast between the high-earning Game segment, which contributed ¥38,529 million in income, and the strategic losses incurred in the Media division. This disparity underscores a corporate strategy that utilizes the high margins of the gaming and advertising sectors to fund the expansion of digital media infrastructure. Overall, the results demonstrate a strong competitive position in the Japanese digital entertainment and advertising landscapes, supported by diversified revenue streams and a commitment to long-term platform growth.
CyberAgentApr 2022
Financial
Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending December 31, 2021: Japanese GAAP
KLab Inc. reported a significant downturn in financial performance for the first half of the fiscal year ending December 31, 2021. Revenue fell by 22.6% year-over-year to 12.3 billion yen, resulting in an operating loss of 842 million yen and a net loss attributable to owners of the parent of 1.7 billion yen. This represents a sharp reversal from the same period in 2020, which saw a modest profit. The decline was primarily driven by a contraction in the core game business, where revenue dropped from 15.8 billion yen to 12.1 billion yen. The financial results were further impacted by substantial extraordinary losses, specifically a 1.54 billion yen impairment loss. This follows a previous impairment of goodwill in the research and consulting segment during the prior year. Consequently, the company’s total assets decreased from 23.5 billion yen at the end of 2020 to 21.0 billion yen by June 30, 2021. Despite these losses, the company maintained a stable equity ratio of 70.1%. Geographically focused on the Japanese market and listed on the Tokyo Stock Exchange, the company revised its full-year forecasts to reflect ongoing volatility. Projections for the fiscal year end suggest a wide range of potential outcomes, with revenue expected between 27 billion and 32 billion yen and net results ranging from a 1.3 billion yen loss to a 200 million yen profit. No dividends were paid or forecasted for the period. The data was prepared in accordance with Japanese GAAP and covers the consolidated performance of the parent company and its subsidiaries.
KLabAug 2021