FinancialKLab
Summary of Financial Results for Fiscal Year Ended December 31, 2023: KLab
18 pages~26 min full read
Key insights
7 takeaways · ~3 min read- 01KLab Inc. experienced a significant decline in financial performance for FY2023 (ended December 31, 2023), with revenue dropping 36.5% to 10,717 million yen and a net loss attributable to owners of parent of 1,728 million yen, compared to a loss of 541 million yen in FY2022.See it on page 1
- 02The company's total assets decreased by 3,013,973 thousand yen to 17,845,814 thousand yen in FY2023, primarily due to a 3,806,232 thousand yen decrease in cash and deposits, despite a 1,799,188 thousand yen increase in software in progress.See it on page 5
- 03KLab Inc. will not disclose consolidated operating performance forecasts for FY2024 due to the significant and unannounced release date of EA SPORTS FC™ TACTICAL, which is expected to be a major earnings contributor.See it on page 7
- 04Net cash used in investing activities increased to 2,332,911 thousand yen in FY2023, mainly driven by 2,823,402 thousand yen in expenditures for the acquisition of intangible assets.See it on page 6
- 05The company's core business remains the planning, development, and operation of mobile online games, with existing titles like BLEACH Brave Souls and Utano☆Princesama Shining Live showing stable or improved revenue in FY2023.See it on page 5
- 06KLab Inc. is expanding its business focus to include new casual games, blockchain games, and overseas game development support models, with two new title projects planned in addition to EA SPORTS FC™ TACTICAL.See it on page 7
- 07The 'Blockchain-related Business' has been elevated to a reportable segment in FY2023 due to its increased quantitative importance, indicating a strategic shift in the company's focus.See it on page 15
Summary
Summary of Financial Results for Fiscal Year Ended December 31, 2023 (Japanese GAAP) (Consolidated) evail. This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Name of listed company: KLab Inc.
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