Updated Mar 23, 2026 by KLab
KLab Inc. reported a net loss of 414 million yen for Q1 2016, a sharp reversal from the 471 million-yen comprehensive income gain recorded in the same period of 2015.
Quarterly revenue fell 14.5% to 4.82 billion yen, driven by an operating loss of 70 million yen and an ordinary loss of 435 million yen.
The company projects a full-year loss of 851 million yen for 2016, with a projected operating loss of 370 million yen for the first half of the year.
Selling, general, and administrative expenses increased by 21.3% year-over-year, contributing to the negative financial performance despite a 1.6% decrease in cost-of-sales.
Financial results were negatively impacted by 311 million yen in foreign exchange losses from valuation adjustments and a 65 million yen impairment loss on software.
Revenue declines were partially mitigated by the performance of "Love Live! School Idol Festival" (Japanese and Simplified Chinese versions) and "Bleach: Brave Souls."
Total assets declined to 12.09 billion yen, though the company maintained a stable equity ratio of 77.5% and declared no dividends for the fiscal year.
KLab Inc. reported a net loss of 414 million yen for Q1 2016, a sharp reversal from the 471 million-yen comprehensive income gain recorded in the same period of 2015.
Quarterly revenue fell 14.5% to 4.82 billion yen, driven by an operating loss of 70 million yen and an ordinary loss of 435 million yen.
The company projects a full-year loss of 851 million yen for 2016, with a projected operating loss of 370 million yen for the first half of the year.
Selling, general, and administrative expenses increased by 21.3% year-over-year, contributing to the negative financial performance despite a 1.6% decrease in cost-of-sales.
Financial results were negatively impacted by 311 million yen in foreign exchange losses from valuation adjustments and a 65 million yen impairment loss on software.
Revenue declines were partially mitigated by the performance of "Love Live! School Idol Festival" (Japanese and Simplified Chinese versions) and "Bleach: Brave Souls."
Total assets declined to 12.09 billion yen, though the company maintained a stable equity ratio of 77.5% and declared no dividends for the fiscal year.