Financial

Notice Concerning Upward Revision of Earnings Forecasts for FY2017

1 August 20172 pages431 words

Summary

KLab Inc. has issued an upward revision of its consolidated earnings forecasts for the fiscal year ending December 31, 2017, reflecting a significant improvement in financial performance compared to initial projections. The revised outlook covers the full twelve-month period beginning January 1, 2017, and focuses on the Japanese mobile gaming market and the company’s international operations. This adjustment follows a period of stronger-than-anticipated revenue generation from core legacy titles and the successful launch of Captain Tsubasa: Tatakae Dream Team, which debuted in Japan on June 13, 2017. The updated financial targets indicate a substantial increase across all primary metrics. Revenue projections have been raised to a range of 22.5 billion to 25.5 billion JPY, representing a 13.3% to 28.6% increase over previous estimates. Operating income is now expected to fall between 2.2 billion and 4.0 billion JPY, while ordinary profit is forecasted between 2.4 billion and 4.2 billion JPY. Net income attributable to owners of the parent is projected to reach as high as 2.8 billion JPY, a sharp contrast to the net loss of 814 million JPY recorded in the previous fiscal year. The primary driver for this optimistic outlook is the sustained momentum of the Captain Tsubasa title, which is expected to maintain its performance levels throughout the second half of the fiscal year. Despite the positive revisions, the company maintains a range-based forecasting methodology. This approach accounts for the inherent volatility and difficulty in predicting the precise financial impact of upcoming titles that have not yet been released. The revised figures suggest a robust recovery for the firm, characterized by triple-digit percentage growth in profit margins at the lower end of the forecast range compared to initial expectations.

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Notice Concerning Upward Revision of Earnings Forecasts for FY2017

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