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Key Insights
Consolidated Financial Results for Q3 2019: Japan
KLab~14 min full read
- 01
KLab Inc. reported a significant decline in profitability for the first nine months of FY2019, with operating income falling 57.1% to ¥1,711 million and net income dropping 55% to ¥1,186 million.
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Total consolidated revenue for the period decreased by 10.3% to ¥22,377 million, primarily due to the weaker performance of key titles *Love Live! School Idol Festival* and *Captain Tsubasa: Dream Team*.
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New title releases, including *Magatsu Wahrheit* and *Love Live! School Idol Festival ALL STARS*, were insufficient to offset the revenue decline from the company's established portfolio.
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The company’s financial position shows an increase in total liabilities to ¥6,125 million, driven by a rise in long-term debt, which contributed to a decline in the equity ratio from 75.1% to 69.2%.
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Total assets grew to ¥23,415 million, supported by increases in accounts receivable and software assets.
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KLab has adopted a range-based forecast for the remainder of FY2019, projecting an operating income of ¥1,750 million and a profit attributable to owners of the parent of ¥1,200 million.
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No dividends were declared for the 2019 fiscal year.
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