Updated Mar 17, 2026 by KLab
KLab Inc. reported a 45.3% year-over-year revenue decline to 1,581 million yen for Q1 2024, resulting in an operating loss of 658 million yen and a net loss of 1,096 million yen.
The company has withheld its consolidated performance forecasts for the remainder of the fiscal year, citing the difficulty of making reasonable financial projections.
To address liquidity needs following three consecutive years of operating deficits, the company raised approximately 2.9 billion yen in April 2024 through a third-party allotment of new stock acquisition rights and unsecured bonds.
The primary driver of the financial downturn was a nearly 50% drop in income from paid users within the core game business compared to the previous year.
KLab has divested a portion of its shares in BLOCKSMITH&Co., effectively removing the blockchain-related business from its reported segments.
Recovery efforts are centered on the development of high-profile titles including EA SPORTS FC™ TACTICAL and a My Hero Academia project, alongside a strategic shift toward hybrid casual games.
Management is implementing cost-reduction measures, including personnel rationalization and the sale of investment securities, to stabilize the company's financial base.
KLab Inc. reported a 45.3% year-over-year revenue decline to 1,581 million yen for Q1 2024, resulting in an operating loss of 658 million yen and a net loss of 1,096 million yen.
The company has withheld its consolidated performance forecasts for the remainder of the fiscal year, citing the difficulty of making reasonable financial projections.
To address liquidity needs following three consecutive years of operating deficits, the company raised approximately 2.9 billion yen in April 2024 through a third-party allotment of new stock acquisition rights and unsecured bonds.
The primary driver of the financial downturn was a nearly 50% drop in income from paid users within the core game business compared to the previous year.
KLab has divested a portion of its shares in BLOCKSMITH&Co., effectively removing the blockchain-related business from its reported segments.
Recovery efforts are centered on the development of high-profile titles including EA SPORTS FC™ TACTICAL and a My Hero Academia project, alongside a strategic shift toward hybrid casual games.
Management is implementing cost-reduction measures, including personnel rationalization and the sale of investment securities, to stabilize the company's financial base.