Updated Mar 23, 2026 by KLab
KLab Inc. experienced a significant Q1 2019 downturn, with revenue falling 18.4% to ¥6,468 million and operating income dropping 70.9% to ¥391 million compared to the same period in 2018.
The primary driver for the revenue decline was a decrease in sales for the 'Love Live! School Idol Festival' title.
Profit attributable to owners of the parent contracted by 63.2% to ¥296 million, while net income fell 65% to ¥303 million.
Total assets increased by ¥2.3 billion to ¥21,547 million, primarily due to growth in software in progress and operating investment securities.
The company’s equity ratio declined from 75.1% to 69.2% as a result of shifting leverage, characterized by a decrease in current liabilities and an increase in long-term debt.
KLab issued a wide-range forecast for FY2019, projecting revenue between ¥32 billion and ¥40 billion and operating income between ¥1 billion and ¥4.5 billion, contingent on new game releases.
No dividends were declared for FY2019, and there were no significant changes to accounting policies or shareholders' equity during the quarter.
KLab Inc. experienced a significant Q1 2019 downturn, with revenue falling 18.4% to ¥6,468 million and operating income dropping 70.9% to ¥391 million compared to the same period in 2018.
The primary driver for the revenue decline was a decrease in sales for the 'Love Live! School Idol Festival' title.
Profit attributable to owners of the parent contracted by 63.2% to ¥296 million, while net income fell 65% to ¥303 million.
Total assets increased by ¥2.3 billion to ¥21,547 million, primarily due to growth in software in progress and operating investment securities.
The company’s equity ratio declined from 75.1% to 69.2% as a result of shifting leverage, characterized by a decrease in current liabilities and an increase in long-term debt.
KLab issued a wide-range forecast for FY2019, projecting revenue between ¥32 billion and ¥40 billion and operating income between ¥1 billion and ¥4.5 billion, contingent on new game releases.
No dividends were declared for FY2019, and there were no significant changes to accounting policies or shareholders' equity during the quarter.