Updated Mar 17, 2026 by KLab
KLab Inc. reported a 29.0% year-over-year revenue decline to 18.7 billion yen for the first nine months of 2021, resulting in a net loss of 1.76 billion yen.
The core Game Business segment drove the downturn, with segment revenue falling from 26.1 billion yen in 2020 to 18.4 billion yen in 2021.
Profitability was severely impacted by a surge in impairment losses, which tripled year-over-year from 498 million yen to 1.54 billion yen.
Despite a 25% reduction in selling, general, and administrative expenses to 2.7 billion yen, the company could not offset the contraction in gross profit.
The company projects a full-year net loss of 2.3 billion yen for 2021 and has confirmed that no dividends will be paid for the fiscal year.
Total assets decreased to 20.8 billion yen from 23.4 billion yen at the end of 2020, though the equity ratio remained stable at 70.6%.
KLab Inc. reported a 29.0% year-over-year revenue decline to 18.7 billion yen for the first nine months of 2021, resulting in a net loss of 1.76 billion yen.
The core Game Business segment drove the downturn, with segment revenue falling from 26.1 billion yen in 2020 to 18.4 billion yen in 2021.
Profitability was severely impacted by a surge in impairment losses, which tripled year-over-year from 498 million yen to 1.54 billion yen.
Despite a 25% reduction in selling, general, and administrative expenses to 2.7 billion yen, the company could not offset the contraction in gross profit.
The company projects a full-year net loss of 2.3 billion yen for 2021 and has confirmed that no dividends will be paid for the fiscal year.
Total assets decreased to 20.8 billion yen from 23.4 billion yen at the end of 2020, though the equity ratio remained stable at 70.6%.