Summary of Financial Results for Third Quarter: Fiscal Year Ended December 31, 2023

KLab Inc. reported a 33.2% year-over-year revenue decline for the first nine months of FY2023, with total revenue falling to ¥8.36 billion from ¥12.51 billion in the same period of 2022.

Operating losses widened to ¥731 million during the nine-month period, compared to a ¥570 million loss in the prior year.

The company swung to a net loss of ¥592 million for the period ending September 30, 2023, deteriorating from a ¥307 million loss in the same period of 2022.

Ordinary income shifted from a ¥195 million profit in 2022 to a ¥454 million loss in 2023.

Management has declined to provide a full-year financial forecast for FY2023, citing difficulties in predicting future performance.

No dividends were declared for FY2023, and shareholders' equity decreased to ¥12.67 billion from ¥13.15 billion.

While the game business remains the primary revenue driver, the company's equity ratio improved to 65.2% due to a reduction in total assets and liabilities.