KLab Inc. experienced a 90.4% collapse in operating income to ¥37 million in Q1 2020, down from ¥391 million in the same period the previous year.
02
The company swung to a net loss of ¥134 million in Q1 2020, compared to a profit of ¥296 million in Q1 2019.
03
Revenue grew modestly to ¥7,420 million from ¥6,468 million, despite the broader contraction in profitability attributed to COVID-19 impacts.
04
Comprehensive income declined significantly to a loss of ¥449 million, driven by a ¥121 million foreign-exchange loss and a ¥26 million equity-method investment loss.
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Total assets decreased to ¥22.7 billion from ¥23.7 billion, while cash and deposits fell to ¥5.9 billion.
06
The company maintained an equity ratio of 66.6% and declared no dividends for the 2020 fiscal year.
07
In May 2020, the company executed a disposal of treasury stock as restricted compensation, following a period of stable share counts at approximately 38 million.
Insights
01
KLab Inc. experienced a 90.4% collapse in operating income to ¥37 million in Q1 2020, down from ¥391 million in the same period the previous year.
02
The company swung to a net loss of ¥134 million in Q1 2020, compared to a profit of ¥296 million in Q1 2019.
03
Revenue grew modestly to ¥7,420 million from ¥6,468 million, despite the broader contraction in profitability attributed to COVID-19 impacts.
04
Comprehensive income declined significantly to a loss of ¥449 million, driven by a ¥121 million foreign-exchange loss and a ¥26 million equity-method investment loss.
05
Total assets decreased to ¥22.7 billion from ¥23.7 billion, while cash and deposits fell to ¥5.9 billion.
06
The company maintained an equity ratio of 66.6% and declared no dividends for the 2020 fiscal year.
07
In May 2020, the company executed a disposal of treasury stock as restricted compensation, following a period of stable share counts at approximately 38 million.