Consolidated Financial Results for the First Quarter: Q1 2020

KLab Inc. reports a sharp contraction in its first‑quarter 2020 operating performance, driven by the COVID‑19 pandemic’s impact on consumer spending. Revenue rose modestly to ¥7,420 million from ¥6,468 million in the same period a year earlier, yet operating income collapsed to ¥37 million from ¥391 million, reflecting a 90.4 % decline. Ordinary income turned negative at ¥(83) million, and profit attributable to the parent fell to a loss of ¥(134) million versus a profit of ¥296 million in Q1 2019. Comprehensive income also swung to a loss of ¥(449) million from a gain of ¥434 million, largely due to a ¥121 million foreign‑exchange loss and a ¥26 million investment‑loss under the equity method.

Total assets decreased to ¥22.7 billion from ¥23.7 billion, while net assets fell to ¥16.9 billion, maintaining an equity ratio of 66.6 %. Cash and deposits dropped to ¥5.9 billion, and current liabilities fell to ¥4.7 billion, reflecting a reduction in short‑term debt and accounts payable. The company’s share count remained stable at approximately 38 million shares, with no dividend declared for FY2020.

The financial statements cover Japan exclusively under Japanese GAAP for fiscal year 2020, with data sourced from consolidated financial statements and supporting notes. No significant accounting policy changes were reported, and the company disclosed a subsequent event involving the disposal of treasury stock as restricted compensation in May 2020.