FinancialKLab
Summary of Financial Results for First 3 Quarters of Fiscal Year Ending December 2014: Japan
12 pages~15 min full read
KLab Inc. achieved a significant financial turnaround in the first three quarters of 2014, reporting ¥1.29 billion in net income compared to a net loss in the same period of 2013.
See it on page 1Revenue grew 46.4% year-over-year to ¥15.94 billion, primarily driven by the strong performance of titles 'Love Live! School Idol Festival' and 'Celestial Craft Fleet.'
See it on page 4The company reached record highs for three consecutive quarters, with operating income of ¥1.89 billion and ordinary income of ¥1.99 billion.
See it on page 4The balance sheet strengthened significantly, with total liabilities decreasing by ¥1.68 billion and the equity ratio rising to 73.6%.
See it on page 4Full-year 2014 forecasts project ¥21.94 billion in revenue and ¥1.51 billion in net income, supported by a planned ¥1 billion advertising expenditure.
See it on page 5The company does not expect to issue dividends for the 2014 fiscal year.
See it on page 1The fiscal year-end was officially changed to December 31, and Mediaincruise Co., Ltd. was removed from consolidated results following an absorption merger.
See it on page 6KLab Inc. reported consolidated financial results for the first three quarters of fiscal year 2014 (January 1–September 30, 2014). Revenue rose to ¥15.94 billion, a 46.4 % increase over the same period of FY2013, driven by strong sales of “Love Live! School Idol Festival” and “Celestial Craft Fleet.” Operating income reached ¥1.89 billion, ordinary income ¥1.99 billion, and net income ¥1.29 billion, marking the third consecutive quarter of record highs and a turnaround from a net loss in FY2013. Net income per share climbed to ¥38.16, up from a negative figure the previous year.
Total assets increased to ¥11.58 billion, with current assets up by ¥2.89 billion largely due to cash and deposits; fixed assets declined slightly as rental deposits fell. Total liabilities dropped by ¥1.68 billion, mainly from reduced short‑term and long‑term loans, resulting in net assets of ¥8.56 billion and an equity ratio of 73.6 %. Capital stock and surplus grew substantially after new share subscriptions, while retained earnings turned positive.
The company forecasts FY2014 revenue at ¥21.94 billion, operating income of ¥2.19 billion, ordinary income of ¥2.30 billion, and net income of ¥1.51 billion, assuming stable fourth‑quarter sales and a planned advertising spend of ¥1 billion. No dividends are expected for FY2014. The fiscal year change from August to December 31 was noted, and Mediaincruise Co., Ltd. was removed from consolidation after its absorption merger. The results reflect a robust recovery in the Japanese mobile gaming segment during 2014.
