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KLab
This financial report details the consolidated operating performance of KLab Inc. for the first half of the fiscal year ending December 31, 2015. Covering the period from January 1 to June 30, 2015, the data reflects a period of significant profitability growth despite a sequential decline in the second quarter. The company reported total revenue of 10.4 billion yen, representing an 8.9% increase over the same period in 2014. More notably, operating income surged by 122.9% to 1.55 billion yen, while ordinary income rose 130.3% to 1.61 billion yen. Net income for the half reached 665 million yen, a 22.9% year-over-year improvement.
The primary driver of these results was the game business segment, which accounted for nearly the entirety of the company's revenue. While the half-year figures showed growth, the second quarter specifically saw a 14.9% revenue decline compared to the first quarter of 2015, primarily attributed to decreased sales of the flagship title Love Live! School Idol Festival. Despite this dip, the company maintained a strong financial position with an equity ratio of 74.6% and total net assets of 9.8 billion yen. Expenses were characterized by a decrease in commission fees but an increase in advertising and prototype testing costs.
Looking forward, the company provided a forecast for the first three quarters of 2015, projecting revenue of 16.9 billion yen and net income of 1.3 billion yen. However, management declined to provide a full-year forecast, citing the high volatility of the mobile online game industry and the difficulty of predicting hit products. Significant subsequent events noted include a treasury stock purchase to improve capital efficiency and a capital increase of 101 million yen resulting from the exercise of subscription rights by Oak Capital Corporation, intended to fund future game development and global marketing.
mixi · 2017