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Summary of Financial Results for First Quarter: Fiscal Year Ended December 31, 2024

KLab Inc. reports a sharp decline in first‑quarter 2024 operating performance, with revenue falling 45.3 % to ¥1,581 million from ¥2,891 million in the same period of FY2023. Operating income turned a loss of ¥658 million, compared with a ¥308 million loss previously. Gross profit swung to a ¥95 million loss, and ordinary income fell to a ¥610 million loss. Net income deteriorated further to a ¥1,096 million loss, reflecting higher interest and investment‑related expenses. Comprehensive income also declined to a ¥937 million loss, driven by a significant valuation gain on available‑for‑sale securities and foreign‑currency translation adjustments. Total assets decreased to ¥16,818 million from ¥17,755 million, while shareholders’ equity fell to ¥10,178 million, lowering the equity ratio to 62.3 % from 64.3 %. Cash and deposits rose modestly, but current liabilities increased to ¥4,767 million, partly due to new short‑term debt. The company’s debt profile shows a reduction in long‑term debt but an increase in short‑term obligations. KLab’s segment analysis indicates that its core game business remains the primary revenue driver, yet the blockchain‑related segment has been excluded from consolidation after a partial divestiture of BLOCKSMITH&Co. The company continues to pursue large‑scale mobile titles and hybrid casual games, while cutting outsourcing and personnel costs to improve cash flow. Recent capital‑raising activities include the issuance of 19th Stock Acquisition Rights and a 1st series unsecured bond, totaling approximately ¥2.94 billion in net proceeds. Overall, the report highlights ongoing operating deficits and negative cash flows, prompting management to implement cost‑reduction measures, asset sales, and new development initiatives to strengthen liquidity and address doubts about the group’s ongoing‑concern status.

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KLab

Partial Correction to FY2023 Third Quarter Consolidated Financial Results: Japan

CyberAgent, Inc. issued a partial correction to its FY2023 third‑quarter consolidated financial results under Japanese GAAP, published on May 15 2025. The correction adjusts several numerical figures from the original July 26 2023 release, with detailed revised amounts provided in the updated statement. The company’s net sales for the cumulative third quarter rose marginally to ¥534,397 million (0.1% YoY), while operating income fell sharply to ¥17,383 million, a 68.3% decline from the prior year’s ¥54,813 million. Ordinary income and net income attributable to owners of the parent dropped 67.6% and 88.3%, respectively, reaching ¥17,877 million and ¥2,304 million. Basic earnings per share contracted from ¥39.12 to ¥4.55, and diluted EPS fell from ¥37.03 to ¥4.00. Total assets increased by ¥79,749 million to ¥461,683 million, driven mainly by convertible bond issuance and long‑term bank loan expansion. Total liabilities rose by ¥74,661 million to ¥235,349 million, with convertible bonds and long‑term loans accounting for the bulk of the increase. Equity grew modestly to ¥226,333 million, reflecting a rise in non‑controlling interests. Segment analysis shows the Media Business generated ¥100,409 million in sales but recorded a loss of ¥12,394 million; Internet Advertisement Business achieved record sales of ¥300,672 million with a 30.2% YoY decline in operating income; Game Business sales fell 21.2%, and Investment Development Business saw a 22.9% YoY drop in sales. The Other segment posted modest gains. The company revised its FY2023 earnings forecast, noting a net income estimate of ¥720 million and operating income of ¥25 million for the full year, reflecting a 63% YoY decline. The correction does not alter dividend forecasts; FY2023 dividends remain projected at ¥15 million per share.

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CyberAgent